EB-5 Fraudster Bilked Foreign Investors Of $14.5M, SEC Says

By Cara Mannion · March 15, 2017, 7:49 PM EDT

The U.S. Securities and Exchange Commission on Wednesday accused a Washington, D.C.-based development company and its president of using the EB-5 immigrant investor program to scam foreign investors out of $14.5...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Documents

Complaint

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 Cara

July 18, 2017
Royal Park Blasts HSBC's Discovery Bid In RMBS Case
July 13, 2017
2nd Circ. Petrobras Ruling No Help To MBS Class, Banks Say
July 11, 2017
Royal Park Says 2nd Circ. Petrobras Ruling Backs Class Cert.
June 30, 2017
Husband In Couple's $70M Ponzi Scheme Gets 15 Years
June 30, 2017
Immigration Atty, Firm Ordered To Pay $2.7M For EB-5 Fraud
June 28, 2017
2nd Circ. Told It Erred In Tossing Libor Claims Against RBS
June 21, 2017
4 Firms Fight For Lead Counsel In Ocwen Investor Suit
June 19, 2017
Homeowner Gets CitiMortgage Suit Restored In 8th Circ.
June 16, 2017
Billboard Owner Prices Upsized $85M IPO
June 14, 2017
BofA, Firm's Deal Wins Initial OK In Illegal Mortgage Fees Suit