PNC Sued in South Florida Over Alleged EB-5 Fraud

PNC Monetary Providers and different defendants had been sued Thursday in Florida Southern District Court docket in reference to a fraudulent EB-5 funding undertaking. The lawsuit, introduced by Beggs & Lane on behalf of Bahman Asgarifard and Mohammed Asgarifard, alleges that Daniel and James Vosotas induced Asgarifard into investing $545,000 in an actual property funding undertaking and that PNC labored along side the Vosotas’ to fraudulently create a pretend escrow account that offered no precise escrow protections. Counsel haven’t but appeared for the defendants. The case is 1:22-cv-21857, Asgarifard et al v. Vosotas et al.

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Learn the grievance: 

https://www.legislation.com/dailybusinessreview/2022/06/17/pnc-sued-in-south-florida-over-alleged-eb-5-fraud/