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SEC Charges Businessman and Lawyer in Fraudulent Eb-5 Scheme

Viji Durga  November 07, 2018   comments   Fraud

EB-5 Visa, EB5 Visa, EB5 Investments

The Securities and Exchange Commission charged a businessman and a California-based attorney with defrauding investors seeking to participate in the EB-5 immigrant investor program, stealing their money to fund personal expenses.

The SEC’s complaint alleges that Robert A. Ferrante and attorney Marilyn R. Thomassen participated in a fraudulent scheme with PDC Capital Group and its principal, Emilio Francisco, to defraud at least 135 investors out of $9.5 million using 19 different EB-5 offerings made primarily to investors in China.

Source:  http://www.hedgeco.net/news/11/2018/sec-charges-businessman-and-lawyer-in-fraudulent-eb-5-scheme.html

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EB-5 Visa, EB5 Visa, EB-5 Investment

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