SEC Sues Chicago EB-5 Regional Center, Anshoo Sethi: Massive Fraud Alleged

"The Securities and Exchange Commission today announced charges and an asset freeze against an individual living in Illinois and two companies behind an investment scheme defrauding foreign investors seeking profitable returns and a legal path to U.S. residency through a federal visa program."...

SEC Obtains Settlements in $150 Million EB-5 Immigrant Investor Offering Fraud

"On March 17, 2014, the U.S. District Court entered a consent judgment against defendants Anshoo R. Sethi, A Chicago Convention Center, LLC (ACCC) and Intercontinental Regional Center Trust of Chicago, LLC (IRCTC) for their roles in raising approximately $158 million dollars from close to 300 investors...