Once again, claims of fraud have surfaced in the world of EB-5 lending. This time, the development giant Extell Development and its founder Gary Barnett have been accused of fraud by its former regional center executive, who is seeking $65 million in damages. The EB-5 visa program, which gained significant traction after the 2008 financial crisis when developers were in need of cheap financing, offers green cards to international investors willing to invest $500,000 or […]
source https://therealdeal.com/2019/06/03/extells-former-eb-5-regional-center-director-says-shes-victim-of-fraud-in-65m-lawsuit/
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