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LA-based firm allegedly swindled regional center out of EB-5 spoils: suit

LA-based firm allegedly swindled regional center out of EB-5 spoils: suit

EB-5 Visa, EB5 Visa, EB5 Investments

Ace Hotel in Manhattan

Projects mentioned in court filings include Manhattan’s Ace Hotel

A Los Angeles-based firm that specializes in deploying EB-5 capital allegedly shut an Atlanta-based regional center out of profits made from marketing projects to Asian investors, a new lawsuit claims. The projects mentioned in the suit include the Ace Hotel in Manhattan.

The Atlanta firm, Southeast Regional Center (SRC), and its owner Moses Choi filed a $3 million suit against L.A.-based 8th Bridge Capital, which it had agreed to partner with on various projects. 


https://therealdeal.com/la/2017/12/20/la-based-investment-firm-allegedly-swindled-regional-center-out-of-eb-5-spoils-suit/

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