SEC Charges Couple with $10 Million EB-5 Fraud and Cover-Up

The SEC this week charged California-based lawyer Jean Danhong Chen and her husband Tony Jianyun Ye with raising over US$10 million in undisclosed commissions through the sale of EB-5 securities, as well as for attempting to tamper with evidence after they learned they were under investigation. According to an SEC press release, the couple conspired

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Oakland Businessman Charged With Using EB-5 Investments For Personal Projects, Home Purchase

Via the United States Securities and Exchange Commission: Washington D.C., Jan. 17, 2017 — The Securities and Exchange Commission today announced fraud charges against an Oakland, Calif.-based businessman accused of misusing money he raised from investors through the EB-5 immigrant investor program intended to create or preserve jobs for U.S. workers. The SEC alleges that

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