"[UDF is] using this ‘Bivens action’ to yet again interfere with legitimate law enforcement activity. In furtherance of their efforts, [UDF] asks the Court to unseal a redacted complaint and publicize their version of the history of a very active ongoing criminal investigation in the NDTX including details of non-public aspects of the investigation."
"The 'reporting requirements are the primary tools which Congress has fashioned for the protection of investors from negligent, careless, and deliberate misrepresentations in the sale of stock and securities.' Respondents engaged in serious and recurrent violations of these critically important requirements and did so with a high degree of culpability."
"Mr. Moayedi said to me that the PID and EB-5 loan money was 'our money'; that it belonged to us to do with what we wanted because it was 'ours.' He said we could use the money in anyway we chose, and that no one would have to know or would ever know."
"Mr. Moayedi also engaged in self-dealing by entering into sole-sourced construction contracts on the project with companies owned and/or controlled by Mr. Moayedi."
Hayman’s latest presentation analyzes how the circumstances surrounding a recent default do not seem to square with how UDF IV described its financial position.
Hayman’s latest presentation outlines another case study that highlights numerous recurring red flags regarding UDF loans and the nature of the financial relationship between UDF and its largest borrower.