Lobsang Dargey and Path America—Real Estate Fraud
Lobsang Dargey and His Path America Allegedly Ran a Real Estate Fraud Wherein He Defrauded Chinese Investors Seeking U.S. Residency with EB-5 Immigrant Investor Pilot Program
Lobsang Dargey and his Seattle-based Path America allegedly ran a real estate fraud wherein he defrauded defrauding Chinese investors seeking U.S. residency through the EB-5 Immigrant Investor Pilot Program by investing in his companies, according to SEC Documents currently under review by attorneys Joe Peiffer and Jason Kane.
The SEC alleges that Lobsang Dargey and his Path America companies have allegedly brought in at least $125 million for two real estate projects: a skyscraper in downtown Seattle and a mixed-use commercial and residential development containing a farmers’ market in Everett, Washington.
The Peiffer Wolf Carr & Kane securities rights lawyers are currently investigating Lobsang Dargey and his Path America companies for allegedly running a real estate scheme in the Seattle area.
Lobsang Dargey and His Path America Allegedly Siphoned Away $14 million for Unrelated Real Estate Projects and $3 million for Personal Use, SEC Announces Asset Freeze
Lobsang Dargey and his Path America allegedly diverted $14 million for unrelated real estate projects and $3 million for personal use involving ATM withdrawals at casinos and buying a $2.5 million home, according to attorneys Joe Peiffer and Jason Kane.
Dargey and his companies allegedly misled investors regarding their ability to obtain permanent residency by investing Path America projects. In addition, Dargey also allegedly failed to inform investors that he and his companies had departed from the business plan by using investor money for personal expenses and unrelated projects, the SEC also notes.
As a result, the SEC has frozen the assets of Dargey, according to SEC Documents presently being examined by attorneys Joe Peiffer and Jason Kane.
Securities Rights Lawyers Investigating
The Peiffer Wolf Carr & Kane securities rights lawyers often represent investors who lose money as a result of alleged real estate schemes. They are currently investigating Lobsang Dargey and his Path America for allegedly operating a real estate scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of Lobsang Dargey and his Path America for their alleged real estate fraud may contact the investment rights lawyers at Peiffer Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at (585) 310-5140.