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.