Teresa Chiu and Daniel Hsieh vs United Venture Regional Center, LLC & United Venture Regional Center
Views: 1793
Teresa Chiu and Daniel Hsieh | vs. |
JOE WU, GLORIA WU, SUNRISE INN FOOD PLAZA, LP, |
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
Status:Pending
Civil / Criminal:Civil
Breach of Contract
Fraud
Misrepresentation
Negligence
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.”
Securities Disclaimer
This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.
