Couple In EB-5 Probe Seek Shield Against Self-Incrimination

Law360, New York (July 28, 2016, 5:32 PM ET) — A couple the U.S. Securities and Exchange Commission accused of using the EB-5 immigrant investor program to scam nearly $27 million from Chinese investors in a cancer clinic asked a California federal judge Wednesday to free them from disclosing financial documents and investor funds they say could be incriminating.

Charles C. Liu and his wife, Xin “Lisa” Wang, urged U.S. District Judge Cormac J. Carney to block part of an injunction forcing them to turn over information regarding assets and other accounting surrounding their alleged EB-5…

Source: Law360