Candace Phillips

Investors Say Hotel Developers Can’t Shake EB-5 Fraud Suit

Chinese investors claiming they were duped into sinking $500,000 apiece into a Florida hotel development project through the EB-5 visa program said the companies behind the project can’t shake their fraud suit. The group of investors told a Florida federal judge Thursday that their allegations against the developers, referred to as the Greystone entities after

Investors Say PNC Was ‘Intimately Involved’ In EB-5 Fraud

A group of Chinese investors asked a Florida federal judge on Wednesday not to let PNC Bank walk away from a lawsuit accusing it of being “intimately involved” in a fraud scheme that misappropriated the investors’ funds by hijacking the EB-5 visa program. PNC said in December that the suit is “woefully insufficient” in alleging