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Securities and Exchange Commission v. Charles C. Liu et al

  1. June 08, 2021

    Defendants In SEC's Landmark Liu Case Must Repay $21M

    A California federal court has granted a request by the U.S. Securities and Exchange Commission to order the core defendants of an alleged EB-5 visa fraud case to pay back close to $21 million, rejecting the defendants' argument that the agency showed they had no net profit.

  2. April 26, 2021

    SEC Requests $21M In Follow-Up To Landmark Liu Ruling

    Following the landmark U.S. Supreme Court ruling that disgorgement may be collected as "equitable relief" for victims of investment fraud, the U.S. Securities and Exchange Commission on Monday asked a California district court to make the defendants at the center of an alleged EB-5 visa fraud case pay back nearly $21 million.

  3. April 21, 2017

    Couple Must Repay $27M In EB-5 Cancer Center Fraud Scam

    A California federal judge ruled on Thursday that a husband and wife netted in an EB-5 investor scheme must pay back nearly $27 million that they owe investors for planning a cancer treatment center that they never built.

  4. March 22, 2017

    SEC Says Couple Blew Chance To Settle EB-5 Fraud Suit

    The U.S. Securities and Exchange Commission has urged the Central District of California to rule against a husband and wife facing allegations that they misappropriated the bulk of $26.9 million raised in an EB-5 immigrant investor program, as the couple purportedly have not followed through on their promises as part of a possible settlement.

  5. February 16, 2017

    Couple Fights SEC's $65M Penalty Bid In EB-5 Fraud Row

    A husband and wife facing allegations that they misappropriated the bulk of $26.9 million raised in an EB-5 immigrant investor program urged a California federal court on Wednesday not to listen to the U.S. Securities and Exchange Commission's recommendation that they be ordered to pay an "excessive" $65.7 million penalty.

  6. January 24, 2017

    SEC Says EB-5 Fraud Defense Doesn't Pass 'Red Face Test'

    The U.S. Securities and Exchange Commission on Monday again urged a California federal court to bring a quick end to a case alleging a couple misappropriated the majority of $26.9 million raised in a EB-5 immigrant investor program for a cancer treatment center, asserting the couple's defenses don't pass the "red face test."

  7. January 06, 2017

    SEC Pushes For Quick Win In $21M EB-5 Fraud Case

    The U.S. Securities and Exchange Commission has asked a California federal judge to rule against a couple involved in an EB-5 immigrant investor program for a cancer treatment center, saying the couple can no longer dispute they defrauded their investors of more than $21 million.

  8. December 22, 2016

    EB-5 Couple Facing Contempt For Failing To Put Up $27M

    A couple involved in an EB-5 immigrant investor program for a cancer treatment center were ordered by a California federal judge Wednesday to explain why they hadn't followed orders to repatriate the nearly $27 million they allegedly took or else be held in contempt.

  9. September 21, 2016

    SEC Pushes For Full $26.9M Repatriation In EB-5 Case

    The U.S. Securities and Exchange Commission urged a California federal court Tuesday to order two businesspeople to repatriate $26.97 million raised in a deal involving an EB-5 immigrant investor program for a cancer treatment center that never got built.

  10. August 30, 2016

    Biz Defendants In EB-5 Suit Urge Denial Of Contempt Motion

    Three corporate defendants in a case brought by the U.S. Securities and Exchange Commission over an alleged $27 million scheme involving the EB-5 investor program urged a California federal court on Monday not to hold them in contempt, saying they have provided as much financial information as they could.

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