Quiros pleads guilty to fraud, gets 97 months - Newport Dispatch

Ariel Quiros, the fraudster behind the Newport-area multi-million dollar scam of immigrant investors, misrepresented financial and employment returns in order to satisfy EB-5 federal requirements. And, of course, kept their money.

“Marketing the project to immigrant investors depended on job creation and future revenue since the defendants emphasized their ability to satisfy the job creation standards under EB-5 law and repay immigrant investors."



Read the Full Story Here

Comment Below... And find more stories on Water Cooler

Be the first to comment

Please check your e-mail for a link to activate your account.