The Securities and Exchange Commission today announced that three Houston-area developers have agreed to settle charges that they misused investor funds raised from 90 Chinese investors under the EB-5 Immigrant Investor Program on unrelated projects.
The three developers - America Modern Green Senior (Houston) LLC, America Modern Green Community (Houston) LLC, and America Modern Green Residential (Houston) LLC - have repaid the $49.5 million that they raised from the Chinese investors.
Source: https://menafn.com/1097822814/Three-Developers-Settle-Charges-of-Fraudulent-EB5-Offering
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