The court-appointment receiver intends to repay some of the $50 million raised by Chinese EB-5 investors; the exact amount remains unclear. A few investors received Green Cards, but most did not due to insufficient job creation. The developer diverted some of the funds to purchase another property, the sale of which could generate more money for the investors. A provision in the Reform and Integrity Act to protect good-faith investors may allow the investors to reinvest the money they receive and keep their place in line.
See the Miami Herald article
