Where is the original form of spreadsheet? The one with the full Q posts in column 2, locked comments in column 3, (formerly) open comments in column 4 etc. I can't find the damn thing.
That would be about 4000 memes, no?
I don't think you're going to find much in SEC filings. They've got a clean audit from E&Y and not much there for disciplinary action. I think the connections to be picked up are between senior people who work there (such as Sidney Dillion #flysidfly#) and others outside - in the political or finance arenas. A connection to Schumer's wife in NYC would be juicy (follow the wives).
He got 3 years in jail for his efforts.
www.chicagobusiness.com/realestate/20170221/CRED03/170229978/hotel-developer-gets-three-year-sentence-in-visa-fraud-case
Another EB-5 fraud investigation. This is what Mueller was looking into Jared Kushner over.
Key aspects of the deal:
"In a private-offering statement to investors in December 2011, Sethi said his team included William Banks, the retired alderman, as the project’s attorney; Grace, to handle bond deals; and Carolyn Grisko, a campaign manager for Mayor Richard M. Daley, to handle marketing.
That same offering statement said Sethi had 15 years of experience in real estate — though, at the time, he was only 28 years old.
Sethi’s offering also included the claims that would prove his undoing with the feds, including agreements with hotels that hadn’t been finalized and claims that Sethi’s team had secured $339 million in grants, tax credits and government bonds — money his team was still trying to secure when the SEC shut the project down.
With the offering and a letter from the governor, Sethi went to China, where he hired brokers to find investors. He raised about $145 million from 290 Chinese investors. Each also paid an administrative fee of $41,500 that went to the brokers."
Fees paid to others like Loop Capital for their involvement are probably where the smelliness resides.
Pardon the (You), responding to myself.
So here's where the money is: 290 investors at $41,500 each for "brokers" is $12.5 million. Presumably without any firm investment commitments, or any ground broken on the project. Sounds to me like the kid did get taken advantage of.
and that's just broker's fees. How much of the rest of the capital got committed, and to whom? That would take a deeper dive and not sure how to get all the info.
The really cute question is who pulled the plug? Sethi was still working on pulling the investors together (presumably in conjunction with LCM)