Securities Law News

SEC Targets Immigration Lawyer in Probe of Alleged $10M Fraud

Oct. 19, 2018, 6:04 PM

A California immigration lawyer and her husband are at the center of an SEC investigation into an alleged EB-5 visa fraud worth over $10 million.

Jean Danhong Chen and her husband, Tony Jianyun Ye, made over $10 million in commissions through unregistered sales of EB-5 securities to clients of Chen’s San Jose law firm, according to an Oct. 18 Securities and Exchange Commission complaint. The EB-5 program gives foreign investors a shot at permanent residency when they commit at least $500,000 to projects that create at least 10 U.S. jobs.

Chen and Ye allegedly secretly acquired an EB-5 regional...

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