SEC Charges Businessman with Misusing EB-5 Investments for Personal Gain

The SEC charged Thomas M. Henderson and his company with misusing funds raised from investors through the EB-5 immigrant investor program. According to the SEC, Henderson risked investors' chances at permanent U.S. residency by using at least $9.6 million of their money to purchase a home and other personal items, as well as to benefit his own business ventures.