Developer Barred From EB-5 Program After SEC Alleged Fraud

By Rae Ann Varona · August 17, 2022, 3:59 PM EDT

A developer accused of defrauding foreign investors out of $14.5 million has been permanently banned from participating in the EB-5 program, but a Washington federal judge won't make the developer pay prejudgment...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Documents

Order

Case Information

Case Title

Securities and Exchange Commission v. Chen et al

Case Number

Court

Washington Western

Nature of Suit

Securities/Commodities

Date Filed

March 15, 2017

Recent Articles By Rae

July 16, 2024
EB-5 Investors Seek Sanctions Over 'Flight Risk' Defendant Info
June 28, 2024
Wyndham Can't Escape Ohio Sex Trafficking Liability Suit
June 26, 2024
Window Seal Maker Can't Nix Condo's Faulty Glass Panel Suit
May 09, 2024
Designer, Hotelier Sued For Allegedly Duping EB-5 Investors
May 03, 2024
Brothers Accuse Cos. Of Mishandling $1.1M EB-5 Investments
April 01, 2024
Investors Group Says New EB-5 Guidance Violates APA
March 13, 2024
EB-5 Suit Says Hotel Project Tricked Non-English Speakers
January 18, 2024
Afghans Lose Bid To Regain Control Of Homes Leased To US
August 22, 2023
Vermont Ends EB-5 Visa Ski Resort Fraud Claims For $16.5M
August 21, 2023
China's US Farm Titles Grow As National Security Concern