Friday, May 26, 2017

Feds file lawsuits to seize properties across San Gabriel Valley, Inland Empire connected to EB-5 fraud

(Source: San Gabriel Valley Tribune) United States Attorney’s Office prosecutors filed nine lawsuits Thursday seeking the seizure of real estate properties across Southern California allegedly purchased with millions in proceeds from what FBI investigators said was a fraudulent visa program based in San Gabriel. No criminal charges have been filed in connection with the ongoing probe, but the lawsuits contend the two targets of the investigation “exploited” the EB-5 visa program, which offers legal permanent residence in the United States for foreign nationals who make job-creating investments of $500,000 or more in U.S. companies. See more at