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Oct 17th, 2020

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SEC Seeks Restoration Of $15.5 Million Disgorgement Judgement Against Couple Who Committed “Brazen And Intentional” EB-5 Fraud

The Securities and Exchange commission wants a federal judge to restore a disgorgement decision that was reversed by a Ninth Circuit court earlier this year. The case involves a couple who collected $19.5 million from EB-5 investors for three different offerings. The investors lost their money and never received Green Cards, as most of the money was misappropriated for personal use.Read the Law360 article (subscription required)

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