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2015090215

Panelists: DAN LUNDY, MICHAEL GIBSON, RUPY CHEEMA, REID THOMAS

 Moderated by: KURT REUSS

 

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Dan Lundy
Klasko Law

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Michael Gibson
Sheppard Mullin

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Rupy Cheema
EB5 Diligence

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Reid Thomas
NES Financial

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Osvaldo Torres
Torres Law

 

The SEC alleges that Lobsang Dargey of the Path America regional center misappropriated $17.6 million of EB-5 investor funds. 

Our panel discusses the circumstances that allowed an individual to control $125 million of investor funds without oversight and the need for investors to be circumspect when evaluating projects where the entire enterprise is under the control of a single person. 

Topics include: escrow release conditions, construction escrow, organizational structure, related party transactions, construction monitoring, fund monitoring, due diligence, managing multiple projects.