A group of Chinese investors has urged a New York state court to halt the transfer of its capital into an allegedly risky real estate development project, accusing an investment fund targeting EB-5 visa hopefuls of coercing the investors into approving the transaction by threatening to have their green card eligibility revoked.
The 124 Chinese investors, in a petition filed Monday, accused the U.S. Immigration Fund LLC, which acts as an intermediary between the U.S. government and foreign investors hoping to qualify for green cards under.
Mentions
Litigation Cases
States
- New York
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.
