Investors in Palm Beach hotel scam awarded $37 million

A federal judge ruled in favor of 17 EB-5 investors who invested in the Palm House Hotel, in which “virtually none” of the investor capital went into the project. All of the investors were denied Green Cards. They were part of a larger group of 62 investors defrauded in the project. The fraudsters, Joseph Walsh and his son Joseph Walsh Jr., abandoned their legal defense in November 2018.See the Law360 article (subscription required)