Woman sues New World Technologies & Innovations LLC over allegations breach of contract, fraud

Woman sues New World Technologies & Innovations LLC over allegations breach of contract, fraud

A Chinese citizen is suing a Johnstown-based company over claims of breach of contract and fraud. 

Aihong Shao filed suit on Sept. 24 in the U.S. District Court for the Western District of Pennsylvania against New World Technologies & Innovations LLC; Juliet Zhang, also known as Juliet Luo, and Hong Luo; CaerVision Corp.; and CaerVision Technology Center Inc.

According to the complaint, Zhang befriended Shao and persuaded Shao to invest $500,000 with Zhang’s husband, Hong Luo, in New World, claiming the money would be invested in manner that qualified for EB-5, thereby allowing the plaintiff to obtain permanent residency in the United States. 

On June 4, 2009, the defendant allegedly handed the joint venture agreement to Shao in Chengdu, China. Before the plaintiff signed the agreement she expressed concern of not getting back the amount she would be investing. Zhang offered to secure the return of the investment by Zhang’s interest in real property. On June 4, 2009, the agreement was signed, the complaint states, and Shao wired the money to a bank account for New World.

The complaint states that Zhang retained attorney David Lu to submit on behalf of Shao an application for permanent residence, and an I-526 immigration petition was filed on Sept. 30, 2009. Shao paid $20,000 for Lu's services. However, the complaint states that numerous false errors were made on the application, including listing that Shao was president and chairman of New World, and Shao's signature was forged. Shao's residency and application was initially approved, but later revoked in April 2012.

Shao is seeking $520,000 plus damages, costs and attorney fees. She is represented by Gregg Kanter of the Gregg H. Kanter Law Office of Philadelphia.
 


http://pennrecord.com/stories/510641100-woman-sues-new-world-technologies-innovations-llc-over-allegations-breach-of-contract-fraud

Mentions

Litigation Cases

States

  • Pennsylvania


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.