January 22, 2018
A Florida federal judge ruled Monday that a purported real estate developer and her company, EB-5 Asset Manager LLC, will have to pay a combined $11 million to end a U.S. Securities and Exchange Commission suit alleging investors were bilked out of $8.5 million they were told would qualify them for visas.
December 01, 2015
A Florida federal judge on Monday shot down a request from investors for access to frozen assets in an $8.5 million EB-5 fraud case brought by the U.S. Securities and Exchange Commission against a purported real estate developer, saying the court-appointed receiver was still in charge of their management.
November 04, 2015
The U.S. Securities and Exchange Commission on Tuesday accused a purported Florida real estate developer and her company of fraudulently raising about $8.5 million after claiming the investments would qualify under the EB-5 visa program, with some of the funds being used for luxury cars, a boat and a $2.5 million home.