February 21, 2017
A Chicago-area man who admitted to defrauding Chinese investors out of $160 million through the federal government's EB-5 visa program in a scheme prosecutors said was the largest EB-5 fraud to date was sentenced to three years in prison Tuesday.
December 12, 2016
A Chicago-area man who pled guilty to charges he used the EB-5 visa program to persuade nearly 300 Chinese nationals to invest nearly $160 million in a fake convention center and hotel project near the city urged an Illinois federal judge Friday not to sentence him to prison.
November 28, 2016
Prosecutors have asked an Illinois federal judge to sentence a Chicago-area man to between six and eight years in prison for swindling nearly 300 investors out of $160 million through the government's EB-5 visa program, calling it the largest fraud involving the program to date.
November 18, 2016
Attorneys for a Chicago man who pled guilty to defrauding a group of Chinese investors out of nearly $160 million asked an Illinois federal judge not to sentence him to prison, portraying him as an ambitious but inexperienced young man taken advantage of by advisers.
June 24, 2016
A Chicago company at the center of a $160 million scheme to defraud a group of foreign investors with a fake convention center project filed for bankruptcy Thursday as the company and its leadership face financial penalties from regulators and a related criminal case.
January 12, 2016
A Chicago man faces 20 years in prison after he pled guilty Tuesday to charges he used a U.S. visa program to persuade a group of Chinese nationals to invest nearly $160 million in a fake convention center and hotel project near the city.