Ten Taiwanese investors who poured millions of dollars into a real estate development project in Florida sued the U.S. Department of Homeland Security in D.C. federal court Thursday, alleging the government unfairly determined the money wasn’t “at risk” and denied their investor visas under the EB-5 program.
The investors contend that the DHS erred in denying their petitions for the program because their individual $500,000 investments allegedly were not at risk because of a redemption option in their agreement with NFTC LP.
https://www.law360.com/articles/1025414
Mentions
Litigation Cases
States
- District Of Columbia
Securities Disclaimer
This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.
