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Securities and Exchange Commission v. Luca International Group, LLC et al
Case Number:
3:15-cv-03101
Court:
Nature of Suit:
Judge:
Firms
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October 11, 2019
EB-5 Scheme Fundraiser To Pay $527K In SEC Deal
An oil and gas official accused of fundraising for a visa fraud scheme that targeted Chinese citizens interested in obtaining an EB-5 investor visa will pay $527,000 under an agreement with the U.S. Securities and Exchange Commission.
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September 07, 2018
SEC, Consultant Lose Quick Win Bids In EB-5 Scheme Suit
The U.S. Securities and Exchange Commission's claim that a financial aid consultant broke securities law by soliciting investors for an alleged Ponzi-esque visa fraud scheme through an unregistered company will move forward, after a California federal judge denied the commission's and consultant's bids for quick wins Thursday.
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June 12, 2018
Ex-Oil Co. VP Fights SEC Disgorgement Bid Over EB-5 Scam
A former official at Luca International Group LLC accused of helping perpetrate a $68 million Ponzi-esque scheme involving the EB-5 immigrant investor program told a California federal judge on Monday that she doesn't owe authorities disgorgement and civil penalties, saying she was clueless as to the alleged securities violations.
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July 27, 2016
SEC Snags $68M Judgment Over EB-5 Investor Scam
Luca International Group LLC agreed Tuesday to a $68 million judgment to end a U.S. Securities and Exchange Commission suit accusing the company and its CEO of running a $68 million "Ponzi-like" scheme that targeted Chinese Americans and Chinese nationals seeking green cards as EB-5 investors.
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December 11, 2015
SEC Denying Ex-Luca Chief's Right To Counsel, Atty Says
The U.S. Securities and Exchange Commission is scheming to block legal representation for the former CEO of Luca International Group LLC in bankruptcy proceedings stemming from the collapse of her company amid SEC fraud allegations, a lawyer told a California federal court Thursday.
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October 13, 2015
SEC Wins Freeze Of CEO's Assets In EB-5 Investor Fraud Suit
A California federal court on Friday granted the U.S. Securities and Exchange Commission's request to freeze the assets of the former CEO of Luca International Group LLC, who is accused of running a $68 million "Ponzi-like" scheme that targeted Chinese-Americans and Chinese nationals seeking green cards as EB-5 investors.
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September 28, 2015
Ex-Oil Exec Urges Halt To EB-5 Investor Fraud Suit
Oil explorer Luca International Group LLC's ex-CEO said Friday she has the right to pause a U.S. Securities and Exchange Commission civil action over her alleged $68 million "Ponzi-like" scheme against EB-5 investors, until the outcome of a criminal investigation.
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September 18, 2015
SEC Says Ex-Oil Exec Can't Halt EB-5 Investor Fraud Case
The U.S. Securities and Exchange Commission urged a California federal court Thursday not to stay a civil action accusing oil explorer Luca International and former CEO Bingqing Yang of running a $68 million "Ponzi-like" scheme that targeted Chinese-Americans and Chinese nationals seeking green cards as EB-5 investors, saying her request is unwarranted.
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August 12, 2015
SEC Gets Ex-Oil Exec's Assets Frozen In $68M EB-5 Row
The U.S. Securities and Exchange Commission won an asset freeze Tuesday against a former Luca International Group LLC vice president, in a suit claiming the oil explorer ran a $68 million "Ponzi-like" scheme targeting Chinese-Americans and Chinese nationals seeking green cards as EB-5 investors.
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August 07, 2015
Ex-Oil Exec Says She Was Unaware Of Losses In EB-5 Row
A former executive accused by the U.S. Securities and Exchange Commission of lying to Chinese EB-5 investors as part of a $68 million scheme claimed Thursday that she didn't know the oil operations involved in the alleged plot were losing millions, according to papers filed in California federal court.