Yang is accused of spending more than $1 million to pay off loans from friends and family, to pay expenses for his medical practice and to buy property. About $3.5 million went to the “finder” who lined up the Chinese investors.
Typically, EB-5 investors pay a fee of about $50,000 on top of their original investment. Most of that fee goes to a licensed broker in their home country who connects the investors to U.S. developers, Homeier said.
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