November 4, 2019
Posted November 4, 2019
Golden California Regional Center and its principal Bethany Liou will pay over $50 million in disgorgement and interest to resolve charges of fraud in connection with their sale of interests in the GCRC Cupertino Fund, LP as securities qualifying under the EB-5 visa program. Defendants represented that investor funds would be used to finance real estate development but, in fact, Liou diverted the funds to personal use. SEC
Tagged in: Financial and Investment Fraud, Misrepresentations, Securities Fraud, Visa Fraud,