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Chinese Investors Sue Tacoma Project | Seattle News
Seventy-eight Chinese investors, each pouring in half a million dollars into Tacoma’s Point Ruston development, are suing for millions lost—claiming they were promised U.S. residency through the EB-5 program but instead faced financial collapse, lack of oversight, and immigration setbacks as the project’s loan defaulted and funds vanished. Their $39 million investment, funneled into a fund that later bought the property at a sheriff’s sale for $66 million, now sits in legal limbo as they demand repayment, transparency, and a jury trial to resolve their shattered dreams. Listen in comfort:Get…
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