December 28, 2016 BY Valentina Kirilova
SEC charges lawyer with stealing investor money in EB-5 offerings
The Securities and Exchange Commission (SEC) charged a California-based attorney with defrauding investors seeking to participate in the EB-5 immigrant investor program, stealing their money to buy a yacht and prop up his other businesses. The SEC alleges that Emilio Francisco raised $72 million from investors in China solicited through his marketing firm PDC Capital…
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