EB-5 Investors Fight Back Claim for Costs After Civil Theft Claim Canceled


Law360 (June 25, 2021, 7:54 p.m. EDT) – Two Chinese nationals alleging that a Florida real estate developer cheated foreign investors over $ 100 million through an EB-5 visa program urged a Federal judge to reject the promoter’s offer to recover $ 54,000 in attorney fees after the court reduced a claim for civil theft.

Plaintiffs Ting Peng and Lin Fu said in a filing Thursday that developer Nicholas A. Mastroianni II was not entitled to attorney’s fees to defend against the civil theft suit under Florida law. , which clearly indicates that the dismissal of a civil action for theft does not mean that there was a lack of substantial facts …

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