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199 EB-5 investors seek class certification in lawsuit against mega developer

EB-5 News

Date

Jan 23rd, 2021

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A group of Chinese EB-5 investors claim that developer Nicholas Mastroianni took their $99.5 million in investment capital, to fund a mixed-use Florida project, with no intention of repaying the loan. Mastroianni asserts that the investors had the opportunity to consult with independent advisers and had assumed responsibility for the investment.

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