U.S. Attorney Indicts Yet Another Florida EB-5 Regional Center Operator
By David North, September 30, 2016
As Congress thinks about extending the key portion of the EB-5 (immigrant investor) program, the U.S. attorney in Jacksonville, Fla., has indicted yet another regional center executive, Karamchand Doobay, for mail and wire fraud.
The regional center is the Florida Gateway Regional Center LLC, and one of its projects was a retirement community called Senior Premium Living LP. Doobay was charged with, among many other acts, the "use of a portion of the funds received from foreign investors invested through the EB-5 Program for his own personal use and enjoyment."
http://cis.org/north/us-attorney-indicts-yet-another-florida-eb-5-region-center-operator
