CEO Who Defrauded EB-5 Investors Hit With $4M Default

By Suzanne Monyak ( July 12, 2018, 3:58 PM EDT) -- The chief executive officer of a Pasadena, California, company must fork over $4 million to a group of Chinese investors who sought EB-5 visas, after a federal court on Wednesday found that he intentionally defrauded the investors and caused them to lose $500,000 each and their chances of obtaining green cards. . . .

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