April 20, 2017
The U.S. Securities and Exchange Commission has urged a California federal judge not to allow two companies to ditch its suit accusing a businessman of misappropriating funds raised through the EB-5 immigrant investor program, saying the agency has already shown how each company he controlled was responsible.
March 24, 2017
A California federal judge has granted a bid by the U.S. Securities and Exchange Commission for a preliminary injunction against an Oakland businessman accused of misusing funds from $107 million he raised from Chinese nationals through the EB-5 immigrant investor program.
January 18, 2017
The U.S. Securities and Exchange Commission on Tuesday filed securities fraud claims against an Oakland businessman in California federal court for allegedly misusing funds from $107 million he raised from Chinese nationals through the EB-5 immigrant investor program.