Fla. Developer Can't Dodge Chinese Investors' EB-5 Fraud Suit
Chinese investors accusing a White House of connected real estate developers of a $99.5 million EB-5 visa fraud scheme can move forward with their suit mostly intact after a Florida state judge rejected the developer's bid to strike it as a sham pleading.
Palm Beach County Circuit Judge S. Rowe said in her five-page order released Friday that Nicholas A. Mastroianni II, developer of the mixed-use commercial complex in Jupiter, Florida, known as the Harbourside Project, did not demonstrate that she should strike an amended complaint filed by 29 of the 30 investors still in the suit over purported contradictions.
- Chinese Investors - limited partners of Harbourside Funding, LP, vs U.S. Immigration Fund, LLC & Florida Regional Center & Nicholas Mastroianni II
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