Green Card by Investment

Category

Legal Drama

Date

Feb 3rd, 2023

Share this article

Comments

To leave comments you must Register first

Regional center says EB-5 investors who claimed they didn’t know what they were signing are ‘lying’

New York City Regional Center is in a lawsuit with 107 Chinese investors over a 2011 bus station renovation project. While the investors received Green Cards, they lost their investment capital and claim they didn’t understand what they were signing and were misled about the project risks. The regional center argues that the investors signed documents indicating they had “carefully reviewed” the offering documents, and “now they say they were lying.”

Law360 article (subscription required)

Stay informed about EB-5 news.