SEC Sues Immigration Atty Over EB-5-Related Commissions
The U.S. Securities and Exchange Commission on Friday slapped an immigration attorney and his law firm with a fraud lawsuit in California federal court, claiming that they didn’t disclose to clients that they were getting commissions related to their EB-5 visa program investments.
The SEC claims immigration lawyer Steve Qi, along with his law offices, sold regional centers EB-5 investments to his own legal clients, while receiving “transaction-based” payments from the centers if their clients invested in the offerings.
https://www.law360.com/articles/993050/sec-sues-immigration-atty-over-eb-5-related-commissions
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