The Securities and Exchange Commission today announced an asset freeze obtained against a man in Bellevue, Wash., accused of defrauding Chinese investors seeking U.S. residency through the EB-5 Immigrant Investor Pilot Program by investing in his companies. The SEC alleges that Lobsang Dargey and his “Path America” companies have raised […]
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SEC Charges Oil Company and CEO in Scheme Targeting Chinese-Americans and EB-5 Investors
7 Jul
by Foster, on News
Washington D.C., July 6, 2015 — The Securities and Exchange Commission today charged a Bay Area oil and gas company and its CEO with running a $68 million Ponzi-like scheme and affinity fraud that targeted the Chinese-American community in California and investors in Asia, including some solicited as part of […]
How can cities pay to build more affordable housing? One answer is money from wealthy immigrants. To build apartments that are accessible to low-income residents, high-rent cities across the country — from San Francisco to Miami — have been tapping funds from EB-5, a federal government program that offers U.S. […]
ORLANDO, Fla. — The employees who kept the data systems humming in the vast Walt Disney fantasy fief did not suspect trouble when they were suddenly summoned to meetings with their boss. While families rode the Seven Dwarfs Mine Train and searched for Nemo on clamobiles in the theme parks, […]