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Mega developer Mastroianni settles claims, avoids class action suit from 199 EB-5 investors

EB-5 News

Date

Aug 2nd, 2022

Category

Legal Drama

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Jason Buback

Editor of Green Card By Investment

Green Card By Investment

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A last-minute settlement has allowed developer Nicholas Mastroianni to avoid a class action suit from 199 investors who say he fraudulently solicited almost $100 million of EB-5 capital. Terms of the settlement are not disclosed.

Law360 article (subscription required)

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