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Chinese EB-5 investors sue Harbourside Place developer, alleging fraud

Viji Durga  October 17, 2018   comments   Fraud

Seventy-eight Chinese investors have filed a complaint against Nicholas Mastroianni II, alleging the Jupiter developer and EB-5 fundraiser attempted to defraud them of almost $100 million in EB-5 investments.

According to a lawsuit filed in Palm Beach County Circuit Court last week, the investors in question paid $500,000 each – in addition to a $40,000 administrative fee – for a stake in Jupiter’s Harbourside Place. 

Source: https://www.bizjournals.com/southflorida/news/2018/10/16/chinese-eb-5-investors-sue-harbourside-place.html

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