SEC v. Lixin Azarmehr; JL Real Estate Development Corporation; Nevada Skilled Nursing Lender, LLC; and Nevada Skilled Nursing Development, LLC, No. LR-26412, District of Nevada (Sept. 25, 2025) — Press Release
raw: Lixin Azarmehr, JL Real Estate Development Corporation, Nevada Skilled Nursing Lender, LLC, and Nevada Skilled Nursing Development, LLC
Lixin Azarmehr, JL Real Estate Development Corporation, Nevada Skilled Nursing Lender, LLC, and Nevada Skilled Nursing Development, LLC, No. 2:24-cv-00707-JCM (Sept. 25, 2025)
Lixin Azarmehr and three entities obtained final judgment for EB-5 offering fraud after diverting $10 million intended for Las Vegas nursing facilities to collateralize a Los Angeles real estate venture.
The SEC secured a final judgment against Lixin Azarmehr and three entities for diverting approximately $10 million in EB-5 investor funds to an unrelated Los Angeles real estate venture. Defendants faced charges for violating antifraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. Financial remedies include $1.2 million in disgorgement, interest, and penalties for JL Real Estate Development Corporation and a $75,000 penalty for Azarmehr.
The SEC obtained a final judgment against Lixin Azarmehr and three entities—JL Real Estate Development Corporation, Nevada Skilled Nursing Lender, LLC, and Nevada Skilled Nursing Development, LLC—for EB-5 offering fraud. The defendants promised to use approximately $10 million for skilled nursing facilities in Las Vegas but instead used the funds as collateral for a Los Angeles real estate venture for nearly four years. The judgment imposes permanent injunctions against violating antifraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. Additionally, defendants are barred for ten years from participating in EB-5 immigrant investor program offerings. JL Real Estate Development Corporation must pay $500,000 in disgorgement, $200,000 in interest, and a $500,000 civil penalty. Finally, Azarmehr was ordered to pay a $75,000 penalty.
Exhibits & Attached Documents (2)
Extracted insights
- $10.00M $10 million $10M–$100M
- $500K $500,000 $100K–$1M
- $500K $500,000 $100K–$1M
- $200K $200,000 $100K–$1M
- $75K $75,000 $10K–$100K
- person melissa armstrong
- agency sec litigation
- agency Securities and Exchange Commission
- Securities And Exchange Commission Obtained Final Judgment Against Lixin Azarmehr, JL Real Estate Development Corporation, Nevada Skilled Nursing Lender, LLC, And Nevada Skilled Nursing Development, LLC
- Securities And Exchange Commission Charged Azarmehr And Nevada Skilled Nursing Lender, LLC With Promising Investors That Money Would Be Transferred To Nevada Skilled Nursing Development, LLC For Financing And Construction Of Three Skilled Nursing Facilities In Las Vegas Metropolitan Area
- Defendants Used Investor Funds As Collateral For Unrelated Real Estate Venture Of JL Real Estate Development Corporation In Los Angeles, California For Almost Four Years
- Defendants Consented To Entry Of Final Judgment Permanently Enjoining Them From Violations Of Antifraud Provisions Of Section 17(a) Of Securities Act Of 1933 And Section 10(B) Of Securities Exchange Act Of 1934 And Rule 10b-5
- Defendants Consented To Entry Of Final Judgment Permanently Enjoining Them From Participating In Offer Or Sale Of Any Security Under EB-5 Immigrant Investor Program For Ten Years
- Judgment Ordered JL Real Estate Development Corporation To Pay $500,000 In Disgorgement With $200,000 In Prejudgment Interest And Civil Penalty Of $500,000
- Azarmehr Was Ordered To Pay Penalty Of $75,000
- Rebecca Dunnan And H. Norman Knickle Conducted SEC Litigation
- Melissa Armstrong Supervised SEC Litigation
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26412 / September 25, 2025 Securities and Exchange Commission v. Lixin Azarmehr, JL Real Estate Development Corporation, Nevada Skilled Nursing Lender, LLC, and Nevada Skilled Nursing Development, LLC, No. 2:24-cv-00707-JCM-MDC (D. Nev. filed Apr. 11, 2024) SEC Obtains Final Judgment Against Defendants Charged with EB-5 Offering Fraud On September 24, 2025, the Securities and Exchange Commission obtained a final judgment against Lixin Azarmehr, JL Real Estate Development Corporation, Nevada Skilled Nursing Lender, LLC, and Nevada Skilled Nursing Development, LLC, whom the SEC previously charged with an offering fraud and diverting approximately $10 million of investor funds for use in an unrelated real estate venture. The SEC's complaint, filed in April 2024, charged Azarmehr and Nevada Skilled Nursing Lender, LLC with promising investors their money would be transferred to Nevada Skilled Nursing Development, LLC and used solely for the financing and construction of three skilled nursing facilities in the Las Vegas metropolitan area. Instead, the complaint alleged, the Defendants used the investor funds as collateral for an unrelated real estate venture of JL Real Estate Development Corporation in Los Angeles, California for almost four years. The defendants consented to the entry of a final judgment permanently enjoining them from violations of the antifraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. In addition, the defendants consented to the entry of a final judgment permanently enjoining them, for a period of 10 years, from participating in the offer or sale of any security which constitutes, or is promoted as constituting, a qualifying investment in a “commercial enterprise” under the United States Government’s EB-5 Immigrant Investor Program, administered by U.S. Citizenship and Immigration Services. The judgment also ordered JL Real Estate Development Corporation to pay $500,000 in disgorgement with $200,000 in prejudgment interest and a civil penalty of $500,000. Azarmehr was ordered to pay a penalty of $75,000. The SEC's litigation was conducted by Rebecca Dunnan and H. Norman Knickle and supervised by Melissa Armstrong.
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26412 / September 25, 2025 Securities and Exchange Commission v. Lixin Azarmehr, JL Real Estate Development Corporation, Nevada Skilled Nursing Lender, LLC, and Nevada Skilled Nursing Development, LLC, No. 2:24-cv-00707-JCM-MDC (D. Nev. filed Apr. 11, 2024) SEC Obtains Final Judgment Against Defendants Charged with EB-5 Offering Fraud On September 24, 2025, the Securities and Exchange Commission obtained a final judgment against Lixin Azarmehr, JL Real Estate Development Corporation, Nevada Skilled Nursing Lender, LLC, and Nevada Skilled Nursing Development, LLC, whom the SEC previously charged with an offering fraud and diverting approximately $10 million of investor funds for use in an unrelated real estate venture. The SEC's complaint, filed in April 2024, charged Azarmehr and Nevada Skilled Nursing Lender, LLC with promising investors their money would be transferred to Nevada Skilled Nursing Development, LLC and used solely for the financing and construction of three skilled nursing facilities in the Las Vegas metropolitan area. Instead, the complaint alleged, the Defendants used the investor funds as collateral for an unrelated real estate venture of JL Real Estate Development Corporation in Los Angeles, California for almost four years. The defendants consented to the entry of a final judgment permanently enjoining them from violations of the antifraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. In addition, the defendants consented to the entry of a final judgment permanently enjoining them, for a period of 10 years, from participating in the offer or sale of any security which constitutes, or is promoted as constituting, a qualifying investment in a “commercial enterprise” under the United States Government’s EB-5 Immigrant Investor Program, administered by U.S. Citizenship and Immigration Services. The judgment also ordered JL Real Estate Development Corporation to pay $500,000 in disgorgement with $200,000 in prejudgment interest and a civil penalty of $500,000. Azarmehr was ordered to pay a penalty of $75,000. The SEC's litigation was conducted by Rebecca Dunnan and H. Norman Knickle and supervised by Melissa Armstrong.