SEC vs Seyed Taher Kameli: final decision on EB-5 case

SEC vs Seyed Taher Kameli: final decision on EB-5 case

Securities and Exchange Commission (SEC) v. Seyed Taher Kameli On January 24, 2022, Seyed Taher Kameli, without admitting or denying the SEC’s allegations of fraud, agreed to the entry of a final judgment in the U.S. District Court of the Northern District of Illinois. As summarized in the SEC’s press release, the second amended complaint,  filed in May 2019, alleged the following facts: “Kameli and his companies, Defendants Chicagoland Foreign Investment Group, LLC and American Enterprise Pioneers, Inc. (“Defendants”), claimed to at least 226 foreign investors that each of their

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