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.
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.