October 07, 2015
A Washington federal judge on Tuesday denied a bid by a real estate developer and his affiliated companies to lift a freeze on business bank accounts in a $136 million EB-5 fraud case brought by the U.S. Securities and Exchange Commission, while granting the agency's request for a preliminary injunction.
October 02, 2015
A group of foreign residents who sought to obtain green cards by each investing $500,000 with companies that are now facing fraud claims in a $136 million lawsuit moved on Thursday to intervene in the case, asking a Washington federal court to order that their money be returned.
September 24, 2015
The U.S. Securities and Exchange Commission on Wednesday slammed a bid by a Washington state developer and his affiliated companies to unfreeze business bank accounts in a $136 million case over alleged EB-5 scheme, calling the move "desperate."
September 22, 2015
A prominent developer and other defendants in the U.S. Security and Exchange Commission's $136 million lawsuit over an alleged EB-5 visa scheme asked a Washington federal judge Monday to lift a freeze order on all business bank accounts, saying it's causing "great and irreparable harm to all, including the EB-5 investors."
August 25, 2015
The U.S. Securities and Exchange Commission has secured a temporary restraining order from Washington federal court to freeze the assets and activities of two Washington state regional centers that allegedly raised $136 million in a fraudulent EB-5 visa program scheme.
August 24, 2015
The U.S. Securities and Exchange Commission sued two Washington state regional centers, their parent company and reported CEO in federal court Monday, claiming they fraudulently raised $136 million from mostly Chinese citizens who were told the funds would qualify as investments under the EB-5 visa program.