Cos. Can't Escape EB-5 Fraud Scheme Suit, Judge Rules

Law360, New York (May 16, 2017, 2:43 PM EDT) -- A California federal judge has denied a bid by two companies to ditch a U.S. Securities and Exchange Commission suit accusing a businessman of misappropriating funds raised through the EB-5 immigrant investor program, saying the SEC’s allegations also target the companies.

The SEC in January accused Thomas M. Henderson and companies under his control, including Comprehensive Care of California LLC and Comprehensive Care of Oakland LP, of mishandling at least $9.6 million in EB-5 investments for personal gain, such as purchasing a home and building two...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Securities And Exchange Commission v. San Francisco Regional Center LLC et al


Case Number

3:17-cv-00223

Court

California Northern

Nature of Suit

Securities/Commodities

Judge

Richard Seeborg

Date Filed

January 17, 2017

Law Firms

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.