A Chicago immigration lawyer and his two corporations lost their bid to dismiss SEC allegations they defrauded Chinese and Iranian investors who contributed $88.7 million toward building senior living facilities, after an Illinois federal district judge found the complaint sufficiently supported.
Sayed Taher Kameli didn’t identify any jurisdictional or statue of limitations issues requiring dismissal, and the Securities and Exchange Commission’s complaint properly alleged he and his companies had violated federal securities laws, the U.S. District Court for the Northern District of Illinois said Wednesday.
Kameli and his companies, Chicagoland Foreign Investment Group LLC and American Enterprise Pioneers Inc., argued ...
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