Related Companies affiliate bids $32M for Palm House Hotel bankruptcy auction amid EB‑5 fraud allegations

Related Companies affiliate bids $32M for Palm House Hotel bankruptcy auction amid EB‑5 fraud allegations The passage identifies a concrete financial transaction (a $32‑$40 M bid) involving a high‑profile real‑estate firm and its managing principal, linked to a stalled condo‑hotel project with prior SEC fraud allegations and EB‑5 investor claims. While it offers specific names, dates, and amounts for follow‑up, the alleged misconduct is already public and the actors are not top‑government officials, limiting its overall impact. Key insights: RREF H PALM HOUSE LLC, tied to Related Companies, is the stalking‑horse bidder.; Bid amount: $32 M (floor), auction starting at $32.5 M, expected sale up to $40 M.; Auction scheduled for November 16, 2018 in West Palm Beach.