Friday, 22 March 2019

Developer dodges SEC suit over EB-5 projects, but legal troubles persist

Chicago developer Taher Kameli scored a victory in court when a judge threw out a federal lawsuit over alleged fraud in an EB-5 project, but his legal troubles aren’t over. The Securities and Exchange Commission in 2017 sued Kameli, claiming he defrauded more than 200 foreign investors who put up $89 million to build eight assisted-living projects in the Chicago suburbs and Florida, according to Crain’s. The suit alleged Kameli charged undisclosed fees, commingled funds […]



source https://therealdeal.com/chicago/2019/03/22/developer-dodges-sec-suit-over-eb-5-projects-but-legal-troubles-persist/#new_tab

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