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...
To read the full article log in. To learn more about a subscription click here.