Attorney Pleads Guilty to Federal Charges Stemming from $50 Million Scheme that Defrauded the EB-5 Visa Program and Chinese Investors

DOJ (US Attorney, C.D. Cal.) press release of 27 Nov 2017: attorney Victoria Chan pleads guilty in the California Investment Immigration Fund EB-5 scheme (already an event). Figures: more than $50 million collected from more than 100 mainly Chinese investors, about 130 fraudulent EB-5 applications, eight properties worth nearly $25 million to be forfeited, homes worth nearly $1 million each bought with 'hundreds of thousands of dollars' of investor funds, 45-year statutory maximum. Case-level figures describe the case and are in the existing event's description where relevant; they are not programme statistics and match no indicator (no amount of investor money misused is stated). Programme rules restated in the release (minimum investment of $500,000, 10 new jobs) are already in program_terms from primary sources. Related-content links at the foot of the page are unrelated. Rules restated from other sources are now recorded from this document too (decision 8).