Three indicted in California in immigration scam targeting overseas investors
Three people face federal charges in California for allegedly defrauding foreign investors in a jobs program overseen by U.S. immigration officials, federal prosecutors said Tuesday.
Thomas Henderson, Cooper Lee, and Kexing Hu have been indicted on wire fraud and conspiracy charges in the scam involving the EB-5 visa program, the U.S. Attorney’s Office said.
Henderson, 70, is the founder and owner of the San Francisco Regional Center. Investigators said he and his co-defendants over a six-year period raised more than $110 million from 200 investors overseas who believed they were funding EB-5-related businesses sponsored by the regional center.
It wasn’t known if they have attorneys.
Henderson submitted false documents and diverted funds for other projects, prosecutors said.
The scheme jeopardized the creation of more than 2,000 jobs in the San Francisco Bay Area, according to officials.
EB-5 allows foreign nationals to obtain green cards for permanent residency by investing in qualifying U.S. businesses.
Mentions
Litigation Cases
States
- California
Securities Disclaimer
This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.
