Defendant Name: America Modern Green Senior (Houston) LLC

Defendant Type: Subsidiary of Public Company
Public Company Parent: Citigroup Inc.
SIC Code: 6021
CUSIP: 17296742

Initial Case Details

Legal Case Name In the Matter of America Modern Green Senior (Houston) LLC, America Modern Green Community (Houston) LLC, and America Modern Green Residential (Houston) LLC
First Document Date 12-Dec-2018
Initial Filing Format Administrative Action
File Number 3-18927
Allegation Type Securities Offering

Violations Alleged

Securities Act
• Sec 17(a)(2)
• Sec 17(a)(3)

Resolutions

First Resolution Date 12-Dec-2018
Headline Total Penalty and Disgorgement $18,063,497

Related Documents:

33-10584 12-Dec-2018 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933, Making Findings, and Imposing a Cease-and-Desist Order
On December 12, 2018, the SEC issued an order against America Modern Green Senior (Houston) LLC, stating: "Respondents told investors that their funds would finance a portion of the development and operation of a mixed-use real estate development project located near Houston, Texas (the "Project") [...] Respondents, however, did not use investor funds as promised. Instead, Respondents improperly transferred $20.5 million of investor funds for undisclosed purposes; namely, to fund purchases with respect to two unrelated real estate projects."
2018-279 12-Dec-2018 Press Release--Administrative Proceeding
Three Developers Settle Charges of Fraudulent EB-5 Offering
The SEC stated: "The Securities and Exchange Commission today announced that three Houston-area developers have agreed to settle charges that they misused investor funds raised from 90 Chinese investors under the EB-5 Immigrant Investor Program on unrelated projects."

Other Defendants in Action:

America Modern Green Community (Houston) LLC
America Modern Green Residential (Houston) LLC