Florida bank & EB-5 hotel developer deny role in $21-million investor fraud

  • Written by GCBI Team Posted on June 25, 2020 | Updated on June 25, 2020 | 1 min read

PNC Bank and Greystone entities deny any knowledge of wrongdoing in a case where the head of a regional center, Joseph Walsh, is accused by the SEC of defrauding investors of $21 million. The investors claim the bank helped Walsh avoid escrow requirements and create a fake escrow account to use their investment capital for personal use, such as a mansion and a yacht.  

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