SEC claims EB-5 developer based in Renton deceived investors

About $15 million in EB-5 investor money was used to improve infrastructure at ASPI Technology Park in Moses Lake, helping attract an advanced carbon-fiber plant that now employs more than 150 people.

In a lawsuit over the EB-5 immigrant investor program, the Securities and Exchange Commission claims industrial-park developer Andy Shin Fong Chen and Renton-based Aero Space Port International Group (ASPI) deceived 29 people who put in $14.5 million. Chen denies the charges.

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