Friday, February 17, 2017 11:02:47 PM
<<Their funds were supposed to be held in escrow until the U.S. government approved their I-526 petitions for the EB-5 visa program, which provides green cards to foreign residents who invest significant money in a U.S. business and create jobs for American workers. But instead, the suit alleged their money was improperly transferred to other accounts and pillaged by Walsh and his co-conspirators.
The investors claim Walsh and his fellow conspirators stole their money and used it to purchase multiple private homes and investment properties, a $6 million yacht, luxury cars and vacations and to pay off millions of dollars of personal debt.>>
https://www.law360.com/articles/881308/palm-beach-companies-urge-court-to-toss-50m-eb-5-suit
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