Chinese investors claim they were duped into sinking more than $6.5 million into a Royal Palm Beach office venture in exchange for EB-5 visas and have been denied permanent U.S. residency.

This is at least the third EB-5 fraud allegation since July involving South Florida real estate. The program gives foreigners green cards if they commit at least $500,000 to job-creating projects.

Source: https://www.law.com/dailybusinessreview/2018/09/24/chinese-eb-5-investors-in-royal-palm-beach-office-claim-6-5m-fraud-on-green-cards/

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