South El Monte lawyer pleads guilty to $50M EB-5 visa-fraud scheme in San Gabriel

A South El Monte attorney pleaded guilty Monday to federal fraud and money laundering charges stemming from a $50 million visa fraud scheme that gave green cards to Chinese nationals, including criminals on China’s most wanted list.

Victoria Chan pleaded guilty to exploiting the EB-5 visa program, which allows immigrants to the United States to receive green cards in exchange for investing at least $500,000 in an American business that creates jobs.

Chan ran the fraud scheme through a San Gabriel-based business called the California Investment Immigration Fund, according to a statement from the U.S. Attorney’s Office.

Investigators alleged that Chan’s father, Tat Chan, was also involved in running the scheme. Thom Mrozek, a spokesmen with the U.S. Attorney’s Office, said an investigation into Tat Chan’s involvement in the scheme was ongoing, but that there was no pending court case against him.

FBI and federal immigration agents seized records in an April raid at CIIF’s

Read More at: http://www.sgvtribune.com/2017/11/27/south-el-monte-lawyer-pleads-guilty-to-visa-fraud-scheme/

Leave a Reply