Cos. Accused Of Misusing EB-5 Investor Funds

By Isaac Monterose · January 6, 2025, 8:36 PM EST

More than $80 million in EB-5 investor funds that were intended for a Brooklyn real estate project were misused to purchase shares in a related company, the shareholder and officer of...

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Case Information

Case Title

37-19 Realty, Inc. et al v. Gloryland Development, LLC et al

Case Number

1:25-cv-00035

Court

New York Eastern

Nature of Suit

Stockholders Suits

Date Filed

January 02, 2025