UNITED STATES SECURITIES AND EXCHANGE COMMISSION vs Intercontinental Regional Center Trust of Chicago

Filing Date:February 06, 2013

Case:SEC v. A Chicago Convention Center, et al.,

Jurisdiction:Federal District Court for the Central District of Illinois


Civil / Criminal:Civil

Cause(s) of Action:



In another case, SEC v. A Chicago Convention Center, et al., the SEC and USCIS coordinated to halt an alleged $156 million investment fraud. The SEC alleged that an individual and his companies used false and misleading information to solicit investors in the "World's First Zero Carbon Emission Platinum LEED certified" hotel and conference center in Chicago, including falsely claiming that the business had acquired all necessary building permits and that the project was backed by several major hotel chains. According to the SEC's complaint, the defendants promised investors that they would get back any administrative fees they paid for their investments if their EB-5 visa applications were denied. The defendants allegedly spent more than 90 percent of the administrative fees, including some for personal use, before USCIS adjudicated the visa applications.


Litigation Details

Attorneys, Regional Centers and Firms
UNITED STATES SECURITIES AND EXCHANGE COMMISSIONPatrick M. BryanIntercontinental Regional Center Trust of Chicago

News & Updates

Huge Chicago EB-5 Multi-Hotel Project Under Scrutiny by Investors
March 13, 2015
SEC & USCIS Take Action to Stop EB-5 Visa Scheme Committing Fraud
March 13, 2015
The dark, disturbing world of the visa-for-sale program
March 13, 2015
Promoter of failed EB-5 project is indicted
March 13, 2015
Investor Alert: Investment Scams Exploit Immigrant
July 13, 2015
SEC Halts $150 Million Investment Scheme to Dupe Foreign Investors and Exploit Immigration Program
February 08, 2013
The Responsibility of Protecting the Investor First
May 02, 2013
USREDA Successfully Represented EB-5 Investors
May 10, 2013
Bollen, lawyer in control of Northern Beef operations, finances
October 17, 2014
Indicted developer sues Chinese brokers over failed O'Hare hotel deal
December 25, 2015
Hotel developer pleads guilty to $158 million fraud
January 13, 2016
Guilty plea in $158 million visa fraud over failed O'Hare hotel project
January 13, 2016
January 14, 2016
SEC visa fraud case rocks Florida city’s big dreams
January 19, 2016
Wealthy Foreigners Invest in Chicago for Green Cards While Others Wait Turn
February 26, 2016
SEC Doing Its Job Protecting Chinese Investors, Will China?
March 10, 2016
Chicago man awaits sentencing in federal visa fraud case
November 27, 2016
Political insiders cashed in on failed O’Hare project
November 26, 2016
Anshoo Sethi will soon be sentenced to prison for EB-5 visa wire fraud case
November 30, 2016
Developer given 3 years in prison for failed convention center near O'Hare
February 21, 2017
Largest Ever 'Cash-For-Visa' Fraud Scheme Leads To Prison For Developer
February 23, 2017
Three Years In Prison For Developer Fraud In $912M Hotel Scam
February 23, 2017
Hotel Developer Sentenced to Three Years in Prison for Exploiting U.S. Visa Program
February 21, 2017
SEC Increases Scrutiny of EB-5 Investment Fraud
April 09, 2018
Recent Revocations and Enforcement May Change the EB-5 Landscape
June 16, 2015
Foreign citizens making big investments in U.S. in exchange for green cards
March 21, 2013
It’s time for the corporate visa giveaway to go away
September 06, 2015
Leahy: Job-creating EB-5 foreign investment program must be reformed
February 02, 2016
Uptick in EB5 visa applications to US from Indian businessmen
March 11, 2016
American foreign investor program remains most popular with wealthy Chinese
March 13, 2016


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.