The SEC charged an attorney with defrauding investors seeking to participate in the EB-5 immigrant investor program. The SEC alleged that the California-based attorney, through his marketing firm, diverted funds to other projects and stole at least $9.6 million to bankroll his own businesses and lifestyle. The SEC alleged that the attorney knowingly violated federal regulations and jeopardized the visas of his foreign investors.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
