{"id":1324,"date":"2013-10-01T16:25:31","date_gmt":"2013-10-01T16:25:31","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2013\/10\/5m_texasbased_securities_fraud"},"modified":"2022-03-10T16:38:03","modified_gmt":"2022-03-10T22:38:03","slug":"5m-texasbased-securities-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/5m-texasbased-securities-fraud\/","title":{"rendered":"$5M Texas-Based Securities Fraud Scam Pursued Foreign Investors Wanting US Residency Via EB-5 Program"},"content":{"rendered":"<p>The SEC has filed fraud charges against a couple over a <a href=\"https:\/\/texas.stockbroker-fraud.com\/\">Texas securities scam<\/a> that allegedly targeted foreign investors wanting to become American residents. Bebe and Marco Ramirez and three of their companies-USA Now LLC, Now Co. Loan Services, and USA Now Energy Capital Group LP-are accused of fraudulently raising at least $5 million from customers who were falsely promised that their cash would be invested in EB-5 Immigrant Investor Pilot Program.<\/p>\n<p>Investors in Mexico, Egypt, and Nigeria were reportedly targeted. None of the investors ever received green cards let alone conditional visas from investing with the Ramirez&#8217;s and their companies.<\/p>\n<p>The actual program allows foreign investors to receive conditional visas and later green cards if they invest in US economic development projects that help preserve or create a certain number of jobs for our nation&#8217;s workers. However, contends the regulator, rather than investing the money into the program, the Ramirezes moved investor funds to other businesses or used the money for their personal spending. Also, at least once, the couple allegedly used new investors&#8217; money to pay existing investors in Ponzi scheme-fashion.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/5m-texasbased-securities-fraud\/\"  title=\"Continue Reading $5M Texas-Based Securities Fraud Scam Pursued Foreign Investors Wanting US Residency Via EB-5 Program\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The SEC has filed fraud charges against a couple over a Texas securities scam that allegedly targeted foreign investors wanting to become American residents. Bebe and Marco Ramirez and three of their companies-USA Now LLC, Now Co. Loan Services, and USA Now Energy Capital Group LP-are accused of fraudulently raising at least $5 million from [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3750],"tags":[],"class_list":["post-1324","post","type-post","status-publish","format-standard","hentry","category-texas-securities-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>$5M Securities Fraud Scam Pursued Foreign Investors Wanting US Residency | SSEK Law<\/title>\n<meta name=\"description\" content=\"The SEC has filed fraud charges against a couple over a Texas securities scam that allegedly targeted foreign investors wanting to become American &#8212; October 1, 2013\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/5m-texasbased-securities-fraud\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"$5M Securities Fraud Scam Pursued Foreign Investors Wanting US Residency | SSEK Law\" \/>\n<meta name=\"twitter:description\" content=\"The SEC has filed fraud charges against a couple over a Texas securities scam that allegedly targeted foreign investors wanting to become American &#8212; October 1, 2013\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"$5M Securities Fraud Scam Pursued Foreign Investors Wanting US Residency | SSEK Law","description":"The SEC has filed fraud charges against a couple over a Texas securities scam that allegedly targeted foreign investors wanting to become American &#8212; October 1, 2013","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/5m-texasbased-securities-fraud\/","twitter_card":"summary_large_image","twitter_title":"$5M Securities Fraud Scam Pursued Foreign Investors Wanting US Residency | SSEK Law","twitter_description":"The SEC has filed fraud charges against a couple over a Texas securities scam that allegedly targeted foreign investors wanting to become American &#8212; October 1, 2013","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/5m-texasbased-securities-fraud\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/5m-texasbased-securities-fraud\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"$5M Texas-Based Securities Fraud Scam Pursued Foreign Investors Wanting US Residency Via EB-5 Program","datePublished":"2013-10-01T16:25:31+00:00","dateModified":"2022-03-10T22:38:03+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/5m-texasbased-securities-fraud\/"},"wordCount":425,"articleSection":["Texas Securities Fraud"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/5m-texasbased-securities-fraud\/","url":"https:\/\/www.investorlawyers.com\/blog\/5m-texasbased-securities-fraud\/","name":"$5M Securities Fraud Scam Pursued Foreign Investors Wanting US Residency | SSEK Law","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2013-10-01T16:25:31+00:00","dateModified":"2022-03-10T22:38:03+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"The SEC has filed fraud charges against a couple over a Texas securities scam that allegedly targeted foreign investors wanting to become American &#8212; 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