San Gabriel Valley father-daughter team accused of $50M EB-5 fraud scheme
Prosecutors accuse a California father-and-daughter team, based in the San Gabriel Valley, of running a $50 million EB-5 visa fraud scheme that helped fugitive criminals land U.S. residency.
According to an affidavit filed Wednesday, Victoria Chan, a lawyer and her father Tat Chen raised money from 100 around Chinese investors for hotel and real estate developments and applied for EB-5 visas, but never actually invested the money in any projects, according to the Wall Street Journal.
- New York
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