SEC files complaint against Joel Burstein for conduct related to the Jay Peak EB-5 Fraud

On September 6, 2018 the SEC filed a complaint against Joel Burstein for conduct related to a fraudulent scheme connected to an EB-5 regional center. The SEC alleges that Mr. Burstein aided and abetted fraud “in connection with the purchase or sale” of securities, and aided and abetted fraud in the offer or sale of… Read More

Background on SEC v. South Atlantic Regional Center, et. al

This suit has been a long time coming. Both the SEC and the Department of Homeland Security have been aware of the issues with this project since at least as early as March 31, 2015. Investors in this project filed suit against the regional center, the promoters, and others in March 2015. The hotel at… Read More