UNITED STATES SECURITIES AND EXCHANGE COMMISSION vs USA Now Regional Center, LLC

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

vs.

USA Now Regional Center, LLC

Filing Date:October 01, 2013

Case:SEC v. Marco A. Ramirez, et al.

Jurisdiction:Federal District Court for the Eastern District of Texas

Status:Resolved

Civil / Criminal:Civil

Cause(s) of Action:

Fraud

Description:

In the case, SEC v. Marco A. Ramirez, et al., the SEC and USCIS worked together to stop an alleged investment scam in which the SEC claims that the defendants, including the USA Now regional center, falsely promised investors a 5% return on their investment and an opportunity to obtain an EB-5 visa. The promoters allegedly started soliciting investors before USCIS had designated the business as a regional center. The SEC alleged that while the defendants told investors their money would be held in escrow until USCIS approved the business as eligible for EB-5, the defendants misused investor funds for personal use such as funding their Cajun-themed restaurant. According to the SEC's complaint, the investors did not obtain even conditional visas as a result of their investments through the USA Now regional center.

Files
Jun
05
2015

SEC v. Marco A. Ramirez, et al. Complaint

SEC_v_Marco_Ramirez.pdf
Attorneys, Regional Centers and Firms
USA Now Regional Center, LLCUNITED STATES SECURITIES AND EXCHANGE COMMISSIONTimothy L. EvansUSA NOW Regional Center

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Update as of Aug,2013.
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