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Cos. In $22.5M EB-5 Fraud Row Barred From Selling Securities

Law360 (May 16, 2018, 10:12 PM EDT) -- A California federal judge on Wednesday permanently restrained from selling securities two companies that the U.S. Securities and Exchange Commission claims participated in a scheme to fraudulently raise $22.5 million from Chinese investors looking to obtain green cards through the federal EB-5 visa program.

U.S. District Judge Percy Anderson entered an order that bars GH Investment LP and GH Design Group LLC from offering or selling any securities or from participating in any fraudulent activities and that instructs them to pay an undetermined amount of disgorged...
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Case Information

Case Title

Securities and Exchange Commission v. Edward Chen et al

Case Number



California Central

Nature of Suit



Percy Anderson

Date Filed

September 20, 2017

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