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

EB-5 News

Date

Apr 17th, 2021

Category

Fraud

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Jason Buback

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Green Card By Investment

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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)

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