Defendant Name: America Modern Green Senior (Houston) LLC

Defendant Type: Subsidiary of Public Company

Document Reference: 2018-279

Document 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
Document Name Three Developers Settle Charges of Fraudulent EB-5 Offering
Document Date 12-Dec-2018
Document Format Administrative Proceeding
File Number 3-18927
Allegation Type Securities Offering
Document Summary 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."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Monetary Penalties:

Disgorgement

Individual:     Shared:     $49,500,000.00
Shared with: America Modern Green Community (Houston) LLC; America Modern Green Residential (Houston) LLC

Civil Penalty

Individual:     Shared:     $800,000.00
Shared with: America Modern Green Community (Houston) LLC; America Modern Green Residential (Houston) LLC

Pre-Judgment Interest

Individual:     Shared:     $1,144,135.00
Shared with: America Modern Green Community (Houston) LLC; America Modern Green Residential (Houston) LLC

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."