A Chicago immigration lawyer and his two companies agreed to pay just over $1.6 million to resolve allegations they defrauded Chinese and Iranian investors, the SEC said in federal court in Illinois.
Seyed Taher Kameli and the companies consented to joint and several liability for $320,000 in civil fines, according to settlement documents the Securities and Exchange Commission filed in the U.S. District Court for the Northern District of Illinois.
The agency accuses Kameli and his companies, Chicagoland Foreign Investment Group LLC and American Enterprise Pioneers Inc., of raising around $88.7 million from investors for senior living facilities and then ...
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