Intervenors Accused Of 'Hijacking' EB-5 Fraud Estate Sale
The receiver overseeing an estate related to the settlement of an EB-5 visa fraud scheme urged a California federal judge Tuesday to deny an attempt by intervenors in the case to sell one of the estate’s health care facilities, calling it an effort to “hijack” the proceedings.
The dispute stems from U.S. Securities and Exchange Commission allegations that a businessman and companies under his control mishandled at least $9.6 million in EB-5 investments for personal gain. A trio of intervenors have stepped in to try.
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