05/25/2017
US files 9 lawsuits seeking forfeiture of properties worth over $30 million allegedly bought with proceeds of EB-5 visa fraud scheme
LOS ANGELES – Federal prosecutors have filed civil complaints seeking the forfeiture of nine real properties across Southern California that were allegedly purchased with proceeds generated by a fraudulent scheme that collected more than $50 million from foreign investors seeking “green cards” through the EB-5 visa program.
The nine lawsuits filed Wednesday afternoon in U.S. District Court allege that much of the money collected from the primarily Chinese investors either was refunded to the foreign nationals or was stolen by participants in the scheme.
https://www.ice.gov/news/releases/us-files-9-lawsuits-seeking-forfeiture-properties-worth-over-30-million-allegedly#wcm-survey-target-id
