Tuesday, November 24, 2015

SEC freezes assets in south Florida EB-5 scam


Friday, November 20, 2015

EB-5-funded PhoenixMart HQ raided by FBI in securities fraud investigation

The PhoenixMart headquarters was raided by the Federal Bureau of Investigation on the morning of Nov. 19 in northeast Phoenix, Arizona.
FBI agents entered the building at 7:00 a.m. in what those close to the investigation said was a look into possible securities and investor fraud at the company.
Developers hoped that the multi-million-square-foot mixed-use project would have been a major economic asset for the Pinal County, Arizona, community. More than 500 acres were committed to the project, along with significant public improvements.