Li et al v. Walsh, et al

  1. March 05, 2024

    Settlement Gets 'Tire Spinning' EB-5 Fraud Suit Unstuck

    Winter thawed in a Florida courthouse on Tuesday when the last remaining defendant in a nearly decade-long $50 million investment fraud suit agreed to settle the case, surprising the judge and opposing counsel after refusing for years to strike a deal.

  2. May 17, 2023

    Investors Will See Emails In EB-5 Fraud Suit, With Conditions

    A Florida attorney said in a hearing Wednesday he will grant access to his emails involved in an EB-5 suit in which a father-son duo is accused of defrauding investors seeking permanent residency in the U.S. out of $50 million, after a Florida federal judge imposed stipulations to the investors' request.

  3. May 11, 2023

    Ill. Revenue Dept. Must Release Tax Returns, Judge Rules

    The Illinois Department of Revenue must comply with a subpoena for tax returns filed by one of the people accused of operating a visa scam that defrauded foreign investors of nearly $50 million, a Florida federal judge ruled.

  4. April 27, 2023

    Yahoo Says It Won't Produce Atty Emails In EB-5 Fraud Suit

    Yahoo told a Florida federal judge Thursday to toss foreign investors' bid to subpoena emails from an attorney and former general partner of a Florida hotel project, saying the Stored Communications Act bars the company from disclosing emails without the user's consent.

  5. January 21, 2022

    Investors Seek $89M Amended Judgment In Hotel EB-5 Row

    A group of 41 foreign investors has asked a Florida federal judge to amend his default judgment against a father and son accused of carrying out an EB-5 visa scam through a Palm Beach luxury hotel project, seeking to increase the award to nearly $89 million from $26.5 million.

  6. November 19, 2021

    Chinese Investors Win $37M In Fla. Hotel EB-5 Row

    A Florida federal judge awarded a group of 17 Chinese nationals nearly $37 million in a final default judgment Friday against a father and son duo accused of carrying out an EB-5 investment scam through a Palm Beach luxury hotel project.

  7. September 03, 2021

    Chinese Investors, Fla. Firm Settle Visa Fraud Claims

    A group of 20 Chinese nationals told a Florida federal court that they had settled their claims against a law firm accused of helping operate an EB-5 investor fraud scheme through a purported Palm Beach resort project.

  8. February 16, 2021

    Investors Granted $26.5M In Damages In EB-5 Fraud Suit

    A Florida federal judge has said a father and son are on the hook for $26.5 million in damages to immigrant investors from China, Turkey and Iran who accused them of carrying out an EB-5 investment fraud through a purported Palm Beach resort project.

  9. February 08, 2021

    EB-5 Investors Settle Claims PNC, Ex-Banker Aided Fraud

    PNC Bank and one of its retired bankers have reached a settlement with a group of Chinese and Iranian investors who accused them of aiding an alleged $50 million EB-5 immigration investment fraud scheme run through the purported development of a five-star Palm Beach, Florida, resort.

  10. December 09, 2020

    Defendant In $50M EB-5 Fraud Suit Hit With Default, Sanctions

    A Florida federal judge on Wednesday ordered that a man accused of aiding a $50 million EB-5 investment fraud be sanctioned with the striking of his pleadings and a default judgment for violating court orders and abandoning his defense.