By Michelle Casady, Law 360 A federal judge in Houston on Wednesday afternoon sentenced to prison eight individuals for their roles in a multimillion-dollar call center scam that was based in India and defrauded U.S. residents out of at least $8.9 million. U.S. District Judge David Hittner, during a series […]
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SEC Case Freezes Assets of Ski Resort Steeped in Fraudulent EB-5 Offerings
15 Apr
by Foster, on News
The Securities and Exchange Commission today announced fraud charges and an asset freeze against a Vermont-based ski resort and related businesses allegedly misusing millions of dollars raised through investments solicited under the EB-5 Immigrant Investor Program. The SEC’s case was unsealed today in federal court in Miami, and the court […]
Washington D.C., Dec. 7, 2015 —The Securities and Exchange Commission today announced a series of enforcement actions against lawyers across the country charged with offering EB-5 investments while not registered to act as brokers. In one case, the lawyer and his firm are charged with defrauding foreign investors in the […]
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 […]