Increase in EB-5 Investments and Fraud Presents Opportunities for SEC Whistleblowers
Monday, February 5, 2018

EB-5 investments have skyrocketed the past few years presenting more opportunities for fraudsters to exploit the program. The SEC warned investors about a rise in EB-5 investment scams in an investor alert in 2013. Since the alert, however, the scams have only increased as detailed in recent testimony on the EB-5 Program. In fact, since 2013, the SEC has brought 15 enforcement actionsagainst EB-5 projects that raised more than $1.2 billion from EB-5 investors and then proceeded to misuse or steal more than $361 million of the investments. Due to the increase in EB-5 investments and fraud, whistleblowers will have many opportunities in the future to report EB-5 fraud, protect investors, and become eligible for an SEC whistleblower award.

 

NLR Logo

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up to receive our free e-Newsbulletins

 

Sign Up for e-NewsBulletins