Tuesday, November 28, 2017

South El Monte lawyer pleads guilty to $50M EB-5 visa-fraud scheme in San Gabriel

(Source: San Gabriel Valley Tribune)  A South El Monte attorney pleaded guilty Monday to federal fraud and money laundering charges stemming from a $50 million visa fraud scheme that gave green cards to Chinese nationals, including criminals on China’s most wanted list.

Victoria Chan pleaded guilty to exploiting the EB-5 visa program, which allows immigrants to the United States to receive green cards in exchange for investing at least $500,000 in an American business that creates jobs. See more report at http://www.sgvtribune.com/

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