Securities and Exchange Commission v. Path America, LLC et al

  1. September 26, 2018

    Receiver Seeks OK Of $1.3M Settlement In EB-5 Fraud Case

    A receiver overseeing companies involved in allegedly defrauding Chinese investors hoping to participate in the EB-5 visa program has asked a Washington federal judge to approve a $1.3 million settlement with a real estate company that received illegally transferred investment funds.

  2. March 08, 2017

    EB-5 Receiver's $3M Building Plans OK'd In SEC Row

    A Washington federal judge on Wednesday approved a $3 million plan to save a restaurant and retail development backed by Chinese investors seeking EB-5 visas whose future was unclear after the U.S. Securities and Exchange Commission sued the project's developer for fraud.

  3. March 02, 2017

    Developer Agrees To Fork Over $18M In EB-5 Fraud Suit

    Real estate developer Lobsang Dargey agreed to disgorge $18.4 million Thursday as part of the settlement of a $136 million EB-5 fraud case brought by the U.S. Securities and Exchange Commission in Washington federal court.

  4. January 11, 2017

    Possible Settlement Reached In $136M EB-5 Fraud Suit

    The U.S. Securities and Exchange Commission has received a settlement offer from real estate developer Lobsang Dargey in a $136 million EB-5 fraud case playing out in Washington federal court, signaling a possible resolution to the high-profile case.

  5. August 31, 2016

    Judge OKs Receivership Claims Process Tied To EB-5 Case

    A Washington federal judge on Tuesday signed off on a proposed process for claims against receivership entities tied to a real estate developer accused in a $136 million EB-5 fraud case brought by the U.S. Securities and Exchange Commission.

  6. July 18, 2016

    More Cos. Put In Receivership In $136M EB-5 Fraud Suit

    Four more companies tied to a Washington real estate developer accused in a $136 million EB-5 fraud case were placed into receivership Friday, as a judge said the U.S. Securities and Exchange Commission provided evidence the entities received ill-gotten money from investors.

  7. June 23, 2016

    SEC Defends Receivership Bid In $136M EB-5 Fraud Suit

    The U.S. Securities and Exchange Commission has again urged a Washington federal court to add entities controlled by a developer to receivership in a case accusing him of misappropriating funds in a $136 million EB-5 fraud case, saying it needs to preserve the investors' money.

  8. June 15, 2016

    Developer Slams Receivership Bid In $136M EB-5 Fraud Suit

    A developer accused by the U.S. Securities and Exchange Commission of misappropriating funds in a $136 million EB-5 fraud case centered on a Seattle skyscraper project asked a Washington federal judge Tuesday to deny the agency's request to add his other entities to receivership.

  9. May 17, 2016

    Receiver Asks Court To Approve Sale Of Seattle Tower

    The receiver in a $136 million EB-5 fraud suit presented his proposal for how the Seattle skyscraper project at the center of the suit should go forward, telling a Washington federal judge Friday that the best solicited proposal is one that keeps the project's immigration goals alive.

  10. April 21, 2016

    Seattle Skyscraper Can Be Sold, But As An EB-5 Project

    The Washington federal judge hearing a $136 million EB-5 fraud suit handed wins to both the receiver controlling the Seattle skyscraper at the center of the suit and some of its embattled developers, saying he must solicit bids to take over the paused project as-is as well as proposals that maintain its immigration goals.