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Royal Palm Business Plaza at 9200 Belvedere Road in Royal Palm Beach (Google Maps, US District Court Southern District of Florida/Illustration by Alexis Manrodt for The Real Deal)
Joseph Walsh Sr., who is accused of being a pivotal player in some of South Florida’s biggest EB-5 fraud schemes, was ordered to pay $26 million in a case involving a Royal Palm Beach project.
Investors from China, Vietnam and Russia had sued Walsh, alleging he tricked them into lending funds for the Royal Palm Business Plaza at 9200 Belvedere Road. He allegedly told them he had lined up a tenant and made other misrepresentations to lend an air of credibility to the project.