Chinese investors vs Midwest EB-5 Regional Center
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JIAXI HU, MENGFANG LI, XIAOYAN WU, WEI REN, RUIMIN CHEN, JIANLI DU, JIMEI ZHANG, ZHENPING HAO, JIE CIU AND GUIYING WANG | vs. | TERRY CHAN, GARY CHAN, MARTIN ANGIULLI, ANGIULLI, INC., KENTUCKY REGIONAL CENTER, LLC D/B/A , SV ARX, LLC, DANTE BELLA, LLC AND JEFFREY JACOBS |
Filing Date:February 15, 2017
Case:Jiaxi Hu vs. Terry Chan
Jurisdiction:Federal District Court for the Southern District of Ohio
Status:Pending
Civil / Criminal:Civil
Fraud
Misrepresentation
This is an action that Plaintiffs assert against Defendants for breach of contract, unjust enrichment/quantum meruit, gross negligence, breach of fiduciary duty, conversion, fraud, conspiracy, piercing the corporate veil, and punitive damages, for the Defendants’ unlawful actions, which include gross mismanagement, embezzlement and self-dealing of Fund assets. Defendants have also violated the Securities and Exchange Act of 1934, 15 U.S.C. § 78j(b), because they procured Plaintiffs’ investments by fraud, misrepresentation, and deception.
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