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Attorneys for investors awaiting the return of $27.5 million they loaned to developers of a rejected 60-story high-rise project are demanding the would-be developers be held in contempt of federal court orders.
Years after Jeffrey Laytin and Jason Wei Ding proposed a 60-story project, their venture filed for Chapter 11 protection in a list-ditch effort to stave off foreclosure.
A judge has entered an order of foreclosure against New York-based Symmetry Property Development, which got $50M in EB-5 funds for a planned project.