SEC v. Palm House Hotel Distribution Fund
Distribution amounts will be calculated based on records obtained by SEC staff during investigation and investor losses
Last verified August 25, 2026Source: jndHow ClaimWatch verifies cases
This settlement is closed to new claims. You can still see what it was about and follow the case in court below. Looking for money you can still claim? Browse open settlements →
What happened
The SEC alleged that from November 2012 to March 2015, defendants defrauded 88 foreign investors participating in the EB-5 Immigrant Investor Program out of approximately $44 million by misrepresenting that investor funds would be loaned to acquire, develop, and operate the Palm House Hotel in Palm Beach, Florida. Instead, defendants misappropriated a significant portion of the investor funds.
Do you qualify?
Foreign investors who purchased one or more limited partnership interests in Palm House Hotel LLLP while participating in the EB-5 Immigrant Investor Program from November 2012 to March 2015 and suffered a loss as a result of the alleged conduct.
How to file
You do not need to submit a claim form. Eligible investors will be identified based on records obtained by SEC staff during the investigation, and distribution payments will be calculated automatically. Contact the Distribution Agent at 1-888-383-0356 or info@PalmHouseHotelFund.com if your contact or payment information has changed.
Common questions
- How much does the SEC v. Palm House Hotel Distribution Fund pay?
- Estimated payout: Distribution amounts will be calculated based on records obtained by SEC staff during investigation and investor losses. The total settlement fund is $6.7M. Actual amounts depend on how many valid claims are filed — most settlements divide a fixed fund pro rata, so a higher claim rate means a smaller individual check. An "up to" figure is a cap, not a guarantee.
- Do I need proof of purchase for the SEC v. Palm House Hotel Distribution Fund?
- No. You can file without a receipt or proof of purchase. You attest that you qualify and submit basic details, though claims are still subject to review and submitting a false claim is a crime.
- Is the SEC v. Palm House Hotel Distribution Fund notice real, or a scam?
- JND Legal Administration is the settlement administrator for this case. Claims are filed at palmhousehotelfund.com. Filing a class action claim is always free — no legitimate settlement charges you to claim, and no administrator will ask for payment, a gift card, or your full Social Security number by email or text. If a notice asks for any of those, it is not from the administrator. When in doubt, ignore the link you were sent and go to the official settlement website directly.
- When will payments from the SEC v. Palm House Hotel Distribution Fund be sent?
- Class action payouts typically take 12 to 24 months after the claim deadline, and longer if the settlement is appealed. The final approval hearing for this case is set for November 13, 2020; no payments can be issued before a settlement receives final approval.
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This summary was generated from public settlement documents and may contain errors. Confirm eligibility, deadlines, and payment terms on the official settlement website before filing. ClaimWatch is not a law firm and this is not legal advice. Filing a claim is free.
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