Teresa Chiu and Daniel Hsieh vs United Venture Regional Center, LLC & United Venture Regional Center
Filing Date:April 30, 2020
Case:Daniel Hsieh and Teresa Chiu vs JOE WU, GLORIA WU, SUNRISE INN FOOD PLAZA, LP,
Jurisdiction:California State Court
Civil / Criminal:Civil
Breach of Contract
Teresa Chiu and Daniel Hsieh, a married couple from Ontario, invested $500,000 with a Santa Clara County couple ostensibly putting together a development project under the EB-5 program, their suit filed in Santa Clara County Superior Court claims.
The money was supposed to fund the development of a food court in the Central California city of Turlock, 15 miles southeast of Modesto, according to the suit accusing the other couple, Joe and Gloria Wu, of fraud.
The Wus did not immediately respond to messages left Thursday and Friday with a person who answered the phone at the office of a San Jose business they own.
At the time Hsieh and Chiu wired their money to the project bank account in 2012, the EB-5 “investor visa” program required a minimum $1 million investment in a new commercial enterprise creating or preserving at least 10 full-time jobs, or $500,000 for enterprises in rural or high-unemployment areas deemed “targeted employment areas.”
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