Lobsang Dargey, Path America’s former CEO, has switched attorneys in the civil fraud lawsuit brought in August by the federal Securities and Exchange Commission, which alleges he misappropriated over $17 million invested in real-estate projects by Chinese immigrants seeking EB-5 visas. According to a court filing, Seattle trial attorney Peter Ehrlichman and two others at Dorsey & Whitney will now represent Dargey.
Ehrlichman defended Stuart Fuhlendorf, former chief financial officer of Seattle data-storage company Isilon Systems, whom the SEC accused of fraud in 2009. Fuhlendorf’s trial ended in a mistrial, and he settled the case with no monetary penalty and without admitting any wrongdoing.
- UNITED STATES SECURITIES AND EXCHANGE COMMISSION vs Path America & Lobsang Dargey & Path America Sonoco
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