Receiver agrees to $7 million settlement in California fraud suit

  • Written by GCBI Team Posted on November 13, 2020 | Updated on November 13, 2020 | 1 min read

A receiver overseeing assets from companies that were part of a massive fraud has agreed to a $7 million settlement. California businessman Thomas H. Henderson raised almost $120 million for seven different EB-5 projects; more than $93 million was diverted and commingled in his San Francisco Regional Center bank account, with Henderson using millions for personal expenses.

Law360 article (subscription required)