• Skip to navigation
  • Skip to content
Print-logo
  • Home
  • Projects
  • about
  • blog
  • Newsletters
  • Categories
    • General
    • EB-5
    • Events
    • Projects
    • Fraud
    • Investigations
    • Regulatory
  • Authors
  • Contact
Logo1

Money from Palm House sale finally disbursed to claimants under bankruptcy plan

Viji Durga  February 13, 2020   comments   Fraud

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

Millions of dollars from the sale of the never-finished Palm House hotel-condominium in Palm Beach are finally being disbursed to claimants as part of a complex bankruptcy case involving foreign investors who lost money in the project.

Nearly nine months after the deed was recorded, proceeds from the sale of the beleaguered Palm House hotel-condominium property in Palm Beach this week were transferred from an escrow account for distribution to creditors approved by a U.S. bankruptcy court. 

Source: www.palmbeachpost.com/news/20200213/money-from-palm-house-sale-finally-disbursed-to-claimants-under-bankruptcy-plan

Read more by clicking below image 

 

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

comments powered by Disqus
Subscribe to News
Most Popular News
  • SEC Halts $150 Mio. Ponzi Scheme with ties to EB-5 Regional Center

    SEC Halts $150 Mio. Ponzi Scheme with ties to EB-5 Regional Center
  • The Rise and Fall of South Dakota: A Cautionary Tale for EB-5 Public Private Partnerships Part I

    The Rise and Fall of South Dakota: A Cautionary Tale for EB-5 Public Private Partnerships Part I
  • Former EB-5 Visa Regional Center El Monte Being Investigated

    Former EB-5 Visa Regional Center El Monte Being Investigated
  • Successful Raise: EB-5 Funded Project Closes in Massachusetts

    Successful Raise: EB-5 Funded Project Closes in Massachusetts
  • China EB-5 Visas “Unavailable” for Remainder of FY2014 – What Does This Mean?

    China EB-5 Visas “Unavailable” for Remainder of FY2014 – What Does This Mean?

Most Popular Commentary
  • More Cautions About New EB-5 Policy Changes

    More Cautions About New EB-5 Policy Changes
  • Lessons I Learned From My First EB-5 Capital Raise: A Developer’s Perspective

    Lessons I Learned From My First EB-5 Capital Raise: A Developer’s Perspective
  • Perspectives on New EB-5 Policy Memo: Promise and Possibility

    Perspectives on New EB-5 Policy Memo: Promise and Possibility
  • Publicity and EB-5 Offerings: What on Earth Are You People Doing?

    Publicity and EB-5 Offerings: What on Earth Are You People Doing?
  • EB-5 Regional Center Payments to Chinese Emigration Agents

    EB-5 Regional Center Payments to Chinese Emigration Agents

Contact Us

EB5 News
email:michael@usadvisors.org

Latest Posts

  • American Dream offers visa residency by investmentDecember 01, 2020
  • CanAm Announces Closing of Investment in Bayonne, New Jersey Apartment ProjectNovember 23, 2020
  • Cost Of Burke Mountain, Jay Peak Receivership Approaches $8 MillionNovember 20, 2020

Follow Us

  • © 2021 EB5News.com All rights reserved.
  • Sign in
  • Sign up
  • Site Map