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“Your only opportunity to get rich in America”: Inside LA’s deceptively simple $50M EB-5 scam
From TRD Los Angeles: It’s a paint-by-numbers approach to defrauding real estate investors.
Federal agencies raided the homes and office of a California attorney and her father Wednesday, amid an investigation into whether the two perpetrated a multi-million-dollar fraud scheme. Victoria and Tat Chan allegedly took money from roughly 100 Chinese investors through the EB-5 visa program — but never actually invested it on their behalf.