Doctor must pay $3.5 million for role in EB-5 nursing home scam

  • Written by GCBI Team Posted on April 16, 2021 | Updated on April 16, 2021 | 1 min read

After a judge determined that Dr. Robert Yang intentionally and repeatedly misled EB-5 investors, Yang must pay $1.4 million in disgorgement, over $1.9 million in civic penalties, and about $166,000 in interest. This order follows the judgement of a federal appeals court that reversed and remanded an initial $15.5 million judgement in the case.

Law360 article (subscription required)