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Dou, et al. v. Carillon Tower/Chicago LP et al.

  1. November 23, 2022

    EB-5 Investors, Developers Spar Over $28M Settlement Payout

    Chinese investors looking to enforce a $27.5 million EB-5 fraud settlement have signaled their intent to resume asset discovery efforts after claiming a group of real estate developers missed their latest installment deadline, but the developers assert they paid on time and the investors are jumping the gun.

  2. November 16, 2022

    Investors Flag Developers' Partial Payment In EB-5 Fraud Suit

    Chicago real estate developers who botched their settlement payment obligations to Chinese investors in order to end EB-5 fraud claims have once again failed to pay the investors, throwing a $27.5 million consent judgment in limbo, the investors claim. 

  3. September 19, 2022

    Chicago Developers Will Pay $27.5M To End EB-5 Fraud Fight

    An Illinois federal judge entered a consent judgment Monday requiring a group of Chicago developers to pay $27.5 million to a class of dozens of EB-5 Chinese nationals who invested in a roughly $49 million project that went nowhere, enforcing the developers' obligations under a fraught settlement agreement.

  4. June 13, 2022

    Settlement Investigator Sees Red Flags In EB-5 Fraud Deal

    A special master investigating a loan that purportedly helped settle an EB-5 investment fraud dispute said in a report filed Monday that an Illinois federal judge will need to dig deeper to determine whether the transaction was ever knowingly misrepresented in court.

  5. June 06, 2022

    Chicago Developers Must Pay $1.65M For Breaking Settlement

    The developers behind the failed Carillon Tower project in Chicago must cough up $1.65 million in damages for breaching a settlement with EB-5 investors after the roughly $49 million project went nowhere, an Illinois federal judge ordered Friday.

  6. April 29, 2022

    Chicago Developers Fight EB-5 Investors' Asset Review Bid

    The developers behind the failed Carillon Tower project in Chicago fought a bid from investors to look into the personal finances of two project principals in their pursuit of funds to fulfill an up to $50 million settlement with EB-5 investors who never got their money back after the project went nowhere.

  7. April 14, 2022

    Chicago Project Owners May Hold Funds Owed, Investor Says

    A former lead class member who separately settled fraud claims over the failed Carillon Tower project in Chicago claimed the project owners' principals may have the more than $300,000 she's still owed.

  8. March 01, 2022

    Ill. Judge Tells High-Rise Investors He Doubts Funds Exist

    An Illinois federal judge said Tuesday that Chinese investors who settled fraud claims over a failed $49 million high-rise project should start pursuing personal judgments to collect their money because he doesn't believe a loan that helped to seal their deal exists.

  9. February 17, 2022

    Loan To Fund $50M Investment Fraud Deal Likely A Sham

    A special master tasked with investigating the status of a loan secured to help fund Chinese investors' $50 million fraud settlement with a Chicago real estate project owner told an Illinois federal judge Wednesday that the purported loan probably never existed.

  10. July 22, 2021

    Chinese Investors Want DOJ Review After Fraud Deal Defaults

    Chinese investors in a $50 million Chicago tower project that went nowhere asked an Illinois federal judge Wednesday to invite federal prosecutors to review their fraud case after the project owners signaled they again won't meet their deadline to fund the parties' settlement.

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