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Case File
d-21947House Oversight

Related Companies affiliate bids $32M for Palm House Hotel amid EB‑5 fraud allegations and false celebrity advisory board claims

Financial Record

The passage links a major real‑estate developer (Related Companies, led by Stephen Ross) and high‑profile politicians (Bill Clinton, Donald Trump) to alleged EB‑5 fraud and a fabricated advisory board RREF II PALM HOUSE LLC, tied to Related Companies, is the stalking‑horse bidder offering $32 M. SEC complaint alleges developer Robert Matthews misused $44 M of EB‑5 funds for personal expenses. EB‑5

Date
November 11, 2025
Source
House Oversight
Reference
House Oversight #027068
Pages
1
Persons
2
Integrity
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