In many cases, they know little about the local market and may buy houses sight unseen, as was the case with Jiao, one of the plaintiffs in the case.
There has been no shortage of fraud cases surrounding Chinese investment in local real estate, but most of the past cases involved EB-5 funds, in which foreigners can receive permanent residency in the United States by investing in commercial developments. The updated suit, with the full allegations, emails and check stubs uncovered in discovery, and second plaintiff, was filed Thursday in U. District Court in Seattle. Load More. Related Articles Fashion.
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