LAN LI, YING TAN, TAO XIONG, JUNQIANG FENG, RAN CHEN, XIANG SHU, HAO LOU, XIANG CHUNHUA et al. vs South Atlantic Regional Center (SARC) & United States Regional Economic Development Authority (USREDA) & Joseph J. Walsh & Kevin Wright & Herischi & Associates & David Derrico & Ali Herischi &
LAN LI, YING TAN, TAO XIONG, JUNQIANG FENG, RAN CHEN, XIANG SHU, HAO LOU, XIANG CHUNHUA et al.
JOSEPH WALSH, JR., LLC, JJW CONSULTANCY, LTD., ROBERT MATTHEWS, MARIA A/K/A MIA MATTHEWS, GERRY MATTHEWS, RYAN BLACK, PALM HOUSE LLC et al.
Filing Date:November 14, 2016
Case:LAN LI, YING TAN, TAO XIONG, JUNQIANG FENG, RAN CHEN, XIANG SHU, HAO LOU, XIANG CHUNHUA et al vs. Palm House LLC
Jurisdiction:Federal District Court for the Southern District of Florida
Civil / Criminal:Civil
Gerry Matthews, Palm House LLC
Plaintiffs are the victims of a $50,000,000 fraud, theft, and conspiracy, in which a web of individuals, primarily based in Palm Beach County, Florida, preyed on foreign nationals desirous of leaving foreign countries, such as China and Iran, to provide their families with the opportunity for a better life in the United States through the EB-5 program.
The Bad Actors conspired to fraudulently induce Plaintiffs to each invest $500,000, plus a $40,000 “administrative fee,” into a purported Palm Beach real estate project, known as the “Palm House Hotel” which, in reality, was nothing more than a façade pursuant to which Plaintiffs’ funds were stolen and distributed among the conspirators.
Suit alleges $50 million EB-5 scheme preying on foreign investors
Suit alleges $50 million EB-5 scheme preying on foreign investorsSuit_Alleges__50M_EB-5_Scheme_Preying_On_Foreign_Nationals_-_Law360.pdf
Investors complaint seeking damages
Investors complaint seeking damages and preliminary and permanent injunctive reliefPalm_House_Complaint_with_exhibits.pdf
Palm House Document - 1Palm_House_1.tiff
Palm House Document - 2Palm_House_2.tiff
Palm House Document - 3Palm_House_3.pdf
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