Exec Used EB-5 Cash For BMW, Loans, Wash. Court Holds

By Kevin Penton · February 15, 2019, 6:59 PM EST

The head of a development company was "'consciously' reckless" when he diverted money raised from investors through the EB-5 visa program so he could make payments on his BMW and issue...

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Case Information

Case Title

Securities and Exchange Commission v. Chen et al

Case Number

2:17-cv-00405

Court

Washington Western

Nature of Suit

Securities/Commodities

Date Filed

March 15, 2017