We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

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...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Securities and Exchange Commission v. Edward Chen et al


Case Number

2:17-cv-06929

Court

California Central

Nature of Suit

Securities/Commodities

Judge

Percy Anderson

Date Filed

September 20, 2017

Law Firms

Government Agencies

Judge Analytics

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.