Calif. Doctor To Pay $3.5M To End SEC's EB-5 Fraud Claims

By Emilie Ruscoe (April 1, 2021, 10:10 PM EDT) -- A California doctor and his office manager will pay nearly $3.5 million and about $216,000, respectively, to end U.S. Securities and Exchange Commission claims that they fraudulently raised about $20 million from would-be EB-5 immigrant investors with representations that they planned to develop nursing homes, a federal judge in California has determined....

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