Palm House Robert Matthews EB-5 Clintons Trump Tony Bennett https://therealdeal.com/miami/issues_articles/lost-paradise-at-th...
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selling the mineral rights to 6UU,0UU asteroids 1n space, an investor prospectus
claimed.
Walsh’s son did not respond to multiple requests for comment.
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(Click to enlarge) Despite proclaiming innocence, Walsh is not in the U.S. to face any charges, according to multiple sources. George, the plaintiff attorney, said SARC’s founder is now either
in Vietnam or Australia.
Walsh's success in getting foreign backers on board for the planned Palm House project, according to the SEC’s complaint, was largely based on lies made to
unsuspecting investors who believed the project carried minimal risk.
In bold font, one marketing brochure claimed that the EB-5 investor money would only be used for 43 percent of the project’s total costs while the rest would be covered by a $29 million loan from a “reputable bank” and $22 million in equity from the
developer. None of that was true.
SARC also claimed the investors’ funds would be held in an escrow account at PNC Bank until their green cards had been approved by USCIS and that the money
wouldn't be touched until then. Investors were even sent photos of a PNC account
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