A wealthy immigrant hoping to capitalize on U.S. policy of giving permanent legal resident status to people who invest at least $500,000 in commercial enterprises claims to have lost out on that prize and a condo he was promised.
Wei Hu claims in a lawsuit filed in San Mateo Superior Court on Tuesday that Sino-USA Entrepreneur Association, Xianqin Harrison, Jarrod Harrison, and Richard Lee refuse to return the $500,000 he invested with them under the U.S. Citizenship and Immigration Services EB-5 program. He says the defendants enticed him to invest in their condominium development in Oakland in exchange for help with the legal residency process and a unit in the finished complex.
According to its website, Sino-USA offers a wide scope of services including investment immigration. It touts business assets in excess of $200 billion.
Hu says met with Xianquin Harrison, Sino-USA's executive director, and company agent Richard Lee in March 2015 to give them the $500,000 investment. In exchange, they promised to provide him with immigration services through the EB-5 Immigration Investor Program, the complaint states.
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