November 20, 2018
A California federal judge ordered a group of companies and two individuals Monday to pay back a total of $25.8 million the U.S. Securities and Exchange Commission said they fraudulently raised from Chinese investors looking to get green cards through the EB-5 visa program.
May 16, 2018
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.
March 07, 2018
The U.S. Securities and Exchange Commission urged a California federal court Tuesday not to dismiss its suit against a husband and wife team it claims fraudulently raised $22.5 million from Chinese investors looking to obtain green cards through the federal EB-5 visa program.
January 25, 2018
A man who allegedly orchestrated two fraudulent securities offerings that raised $22.5 million from Chinese investors looking to obtain green cards through the federal EB-5 visa program urged a California federal court Wednesday to toss the government's case against him, arguing the investments were not motivated by profit and thus fell outside securities fraud laws.
September 28, 2017
The U.S. Securities and Exchange Commission said Wednesday that it has taken action in California federal court to halt what it described as a husband-and-wife duo's scheme involving two fraudulent securities offerings that raised $22.5 million from Chinese investors looking to obtain green cards through the federal government's EB-5 immigrant investor program.