HOUSE_OVERSIGHT_027069.jpg
933 KB
Extraction Summary
6
People
5
Organizations
5
Locations
2
Events
2
Relationships
3
Quotes
Document Information
Type:
Investigative report or news article excerpt (house oversight document)
File Size:
933 KB
Summary
A document from House Oversight files detailing SEC complaints and lawsuits against a developer named Matthews. Matthews allegedly misallocated $44 million in EB-5 investor funds to pay for personal assets including a yacht and homes in Connecticut and Palm Beach. The text also notes that the development group falsely claimed high-profile figures like Bill Clinton and Donald Trump were on their advisory board.
People (6)
| Name | Role | Context |
|---|---|---|
| Matthews | Developer/Defendant |
Accused by SEC of misallocating $44 million in investor funds for personal luxury items.
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| Bill Clinton | Politician |
Falsely named as a member of the Palm House advisory board by the development group.
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| Donald Trump | Politician |
Falsely named as a member of the Palm House advisory board by the development group.
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| Celine Dion | Celebrity |
Falsely named as a member of the Palm House advisory board by the development group.
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| Bill Koch | Businessman/Celebrity |
Falsely named as a member of the Palm House advisory board by the development group.
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| Stephen Ross | Owner, Miami Dolphins |
Leader of Related Companies, developer of CityPlace West Palm Beach.
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Organizations (5)
| Name | Type | Context |
|---|---|---|
| Securities and Exchange Commission |
Filed a complaint against Matthews regarding EB-5 funds.
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| EB-5 investors |
Group that invested $44 million; filed a separate lawsuit.
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| Palm House |
Development project associated with the advisory board claims.
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| Related Companies |
Developer led by Stephen Ross.
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| Miami Dolphins |
Owned by Stephen Ross.
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Locations (5)
| Location | Context |
|---|---|
|
Location of Matthews' home paid for with misallocated funds.
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Location of Matthews' mansion facing foreclosure.
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Developed by Related Companies.
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Downtown location for proposed One Flagler project.
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Proposed 25-story office project.
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Relationships (2)
Matthews raised $44 million from investors; investors sued.
Related Companies, led by Miami Dolphins owner Stephen Ross
Key Quotes (3)
"Matthews then raised $44 million from EB-5 investors, according to a complaint by the Securities and Exchange Commission."Source
HOUSE_OVERSIGHT_027069.jpg
Quote #1
"Some of the funds allegedly went to pay for Mathews’ Connecticut home, his 151-foot mega yacht, as well as to save his Palm Beach mansion from foreclosure"Source
HOUSE_OVERSIGHT_027069.jpg
Quote #2
"the development group claimed that famous celebrities and politicians such as Bill Clinton, Donald Trump, Celine Dion and Bill Koch – would serve on the Palm House’s advisory board when, in fact, they did not."Source
HOUSE_OVERSIGHT_027069.jpg
Quote #3
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