SEC seeks restoration of $15.5 million disgorgement judgement against couple who committed “brazen and intentional” EB-5 fraud

  • Written by GCBI Team Posted on October 16, 2020 | Updated on October 16, 2020 | 1 min read

The Securities and Exchange commission wants a federal judge to restore a disgorgement decision that was reversed by a Ninth Circuit court earlier this year. The case involves a couple who collected $19.5 million from EB-5 investors for three different offerings. The investors lost their money and never received Green Cards, as most of the money was misappropriated for personal use. 

Read the Law360 article (subscription required)