Cai v. Immigrant Investor Program Office

UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLUMBIA HAO CAI, : : Plaintiff, : Civil Action No.: 25-1289 (RC) : v. : Re Document No.: 7 : IMMIGRANT INVESTOR PROGRAM : OFFICE, et al., : : Defendants. : MEMORANDUM OPINION GRANTING DEFENDANTS’ MOTION TO DISMISS I. INTRODUCTION In 2016, Plaintiff Hao Cai (“Mr. Cai”), a national of China, invested half a million dollars in a U.S. enterprise seeking to fund the construction of a mixed-use building in California. Because of China’s capital controls, he relied on a third-party intermediary to exchange his funds into U.S. dollars and transfer…