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Texas businessman accused of defrauding EB-5 investors argues there is no proof

An investor has launched a lawsuit against two owners of RhinoPro, a truck-accessory company, alleging that he andother investors were fraudulently promised Green Cards and 11% annual returns. One of the defendants counters that theaccusations lack any details or proof. The U.S. Attorney’s Office for the Western District of Texas filed a suit in Decemberof 2021 accusing the RhinoPro owners of defrauding Mexican investors of more than $30 million.

See the Law360 article (subscription required).

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