Exec Used EB-5 Cash For BMW, Loans, Wash. Court Holds

By Kevin Penton · February 15, 2019, 6:59 PM EST

The head of a development company was "'consciously' reckless" when he diverted money raised from investors through the EB-5 visa program so he could make payments on his BMW and issue...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Documents

Order on Motion for Summary Judgment

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 Kevin

March 27, 2024
Smith Gambrell Sued For Keeping $4.6M In Real Estate Row
January 21, 2024
Law360 Names Firms Of The Year
August 30, 2023
These Firms Have The Most Women In Equity Partnerships
August 29, 2023
A Deep Dive Into Law360 Pulse's Women In Law Report
May 17, 2023
Chamberlain Hrdlicka Adds 6 Attys To Growing Houston Office
July 29, 2022
Law Firm Accused Of Botching NJ Property Value Dispute
July 27, 2022
Chiesa Shahinian Grows In NJ With New Real Estate Litigator
December 17, 2021
Barnes & Thornburg Adds Gov't Services Atty In Delaware
November 10, 2021
Law Firms Leading Return To Office Push In Manhattan
September 27, 2021
McGuireWoods Faces DQ Bid In BofA Foreclosure Bias Fight