Restaurant Group Bilked Investor Out Of Visa Funds, Suit Says

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Law360, Los Angeles (December 4, 2015, 8:11 PM ET) — A Chinese investor accused a Las Vegas-based owner of Papa John’s locations and other restaurants of absconding with $500,000 he invested in new sandwich shops that were supposed to secure him an EB-5 visa after a company merger, according to a suit filed Thursday in California federal court.

Zhiyuan Miao, a Chinese citizen who graduated from the University of Utah and stayed in the U.S. after, said a businessman named Xinmin Liu approached him in 2013 with a proposal to invest half a million dollars in the restaurants,…

Source: Law360