SEC Sues Immigration Atty Over EB-5-Related Commissions
Law360, New York (December 8, 2017, 10:30 PM EST) -- The U.S. Securities and Exchange Commission on Friday slapped an immigration attorney and his law firm with a fraud lawsuit in California federal court, claiming that they didn’t disclose to clients that they were getting commissions related to their EB-5 visa program investments.
The SEC claims immigration lawyer Steve Qi, along with his law offices, sold regional centers EB-5 investments to his own legal clients, while receiving “transaction-based” payments from the centers if their clients invested in the offerings.
In all, they got at least $1.6 million in transaction-related compensation from no less than six regional centers for “referring dozens of...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!