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Chinese EB-5 investors sue developer of Colorado resort over ‘rigged’ loan, & claim they didn’t understand paperwork

Viji Durga  September 12, 2019   comments   Fraud

EB-5 Visa, EB5 Visa, EB5 Investments

13 Chinese investors who put their money into the $375 million Solaris project in Vail claim they’ve been defrauded and are suing the developer, Peter Knobel, and his Colorado regional center. The investors say the loan was “rigged” so that they would never get their money back. They also contend that because of the language barrier, they never understood the terms of their contracts.

While the investors received their EB5 Green Cards, their capital was not repaid. 

Source: https://greencardbyinvestment.com/chinese-eb-5-investors-sue-developer-of-colorado-resort/

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

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