Investors file suit against San Gabriel Valley duo accused of $50M EB-5 scam

Investors file suit against San Gabriel Valley duo accused of $50M EB-5 scam

EB-5 Visa, EB5 Visa, EB-5 Investment

Four investors that bought into an alleged $50 million EB-5 scam in the San Gabriel Valley are now suing the father-daughter duo behind the scheme.

Yeqing Xia, Rui Zhang, Song Yao Li, and Ting Li — all Chinese nationals — filed suit in California state court, claiming that Victoria and Tat Chan conned them into forking over more than $500,000 each, not including attorneys’ fees, to qualify for the EB-5 visa program, which offers green cards to foreign citizens who invest in American businesses.

The four plaintiffs, who were among more than 100 Chinese nationals allegedly solicited by the Chans, will see their conditional green card status expire in November, their Diamond Bar-based attorney, Jing Wang, told Law360. They are seeking to maintain their status in the EB-5 program by reinvesting in another project, she said.


Litigation Cases


  • California

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