Investors Can't Touch Assets In $8.5M EB-5 Fraud Row

Recruiter Can't Dodge $4.5M Jury Award To Filipino Teachers
December 1, 2015
Over 200 Groups Ask High Court To Weigh Immigration Case
December 1, 2015

Law360, New York (December 1, 2015, 9:52 PM ET) — A Florida federal judge on Monday shot down a request from investors for access to frozen assets in an $8.5 million EB-5 fraud case brought by the the U.S. Securities and Exchange Commission against a purported real estate developer, saying the court-appointed receiver was still in charge of their management.

U.S. District Judge Joan Lenard denied a motion from a group of EB-5 program investors to allow access to the frozen assets in the case, pointing out in a minute order that the court-appointed receiver will…

Source: Law360