EB-5 News & Updates January 02-09
Posts
 | One EB-5 investor’s story: Too little, and maybe too late | |
| Minggan Wei sits in the Boston office of his company, LobsBoston. Wei, an investor in Q Burke, says he is out $500,000, and his immigration status is in doubt because of the alleged fraud perpetrated by Bill Stenger and Ariel Quiros,... | ||
 | Here's One Immigration Policy That Should Withstand President Donald Trump | |
| President-elect Donald Trump gives a thumbs up to reporters at Mar-a-Lago, Wednesday, Dec. 28, 2016, in Palm Beach, Fla. (AP Photo/Evan Vucci) Over the last 12 months, Americans have been bombarded with headlines and commentary about... | ||
 | Introduction | |
| Recently, Boston Consulting Group released a report in Beijing entitled, "The new generation driving force for China's consumer economy." According to the report, China's emerging affluent Chinese consumers will be the key force to... | ||
Updates
User Updates | ||
 | SEC: Senior Housing Developer Stole $9.5 Million in EB-5 Scheme | |
| The Securities and Exchange Commission (SEC) has sued a private equity group with senior housing ties for engaging in a $9.5 million scheme by defrauding investors. The fraudster allegedly stole millions to pay for his lavish lifestyle, including... | ||
 | SETTLEMENTS IN EB-5 CASE LEAVE QUIROS STANDING ALONE | |
| Jay Peak owner Ariel Quiros is now the only defendant left in a case brought by federal regulators alleging the largest fraud in the history of the EB-5 immigrant investor program. Federal Judge Darrin P. Gayles issued an order last week... | ||
 | Dargey fraud adds strike against foreign investor program EB-5 | |
| Developer Lobsang Dargey (center) attends a sneak peak event at Potala Place Everett on April 30, 2015. (Ian Terry / The Herald) An Everett developer’s guilty plea Wednesday to federal fraud charges is the latest example of abuse of the EB-5... | ||
Project Updates | ||
 | New renderings and details for Rafael Viñoly’s 125 Greenwich Street | |
| Construction at Rafael Viñoly’s slender skyscraper 125 Greenwich Street has reached street level, but as CityRealty uncovered, the tower... | ||
 | Jay Peak receiver: Contractors can get partial payment | |
| The receiver for Jay Peak Resort will offer partial payment to contractors left with unpaid bills in the wake of one of the biggest... | ||
 | South Atlantic Regional Center ("SARC") has succeeded in having the Receiver's authority expanded to accept offers to restructure the Palm House Hotel. | |
| PALM BEACH, Fla., Jan. 6, 2017 /PRNewswire/ -- On December 30th, 2016, the Circuit Court of the 15th Judicial Circuit in Palm Beach has... | ||
 | Judge Ok's Payment Option For unpaid EB-5 Contractors, Subcontractors | |
| Many of the contractors and subcontractors owed money for their work on EB-5 funded developments projects in Vermont’s Northeast Kingdom... | ||
Regional Center Updates | ||
 | EB-5 Investors Receive Full Repayment of $60 Million Loan in New York City Regional Center’s Brooklyn Navy Yard Offering | |
| New York, NY , Jan. 04, 2017 (GLOBE NEWSWIRE) -- The New York City Regional Center is pleased to announce the repayment of its $60 million EB-5 loan used to assist the continued redevelopment of the Brooklyn Navy Yard, New York City’s largest... | ||
 | EB-5 INVESTORS SEEK CLASS-ACTION CERTIFICATION | |
| A group of investors is asking a federal judge to officially declare the plaintiffs’ fraud lawsuit against the Jay Peak resort developers a class action. The filing by an attorney on behalf of the investors was made in U.S. District Court in... | ||
 | Letter: Articles give ‘insight’ re: IM 22 vote | |
| Congratulations and thank you to Stu Whitney (Argus Leader/Dec. 6) and Doug Kronaizl (Argus Leader/Dec. 14) for their informative and insightful columns regarding Initiated Measure 22 and Gov. Dennis Daugaard and several legislators’ negative... | ||
Firms Updates | ||
 | China's Stringent New Rules on Yuan Transfers Could Hinder EB-5 Fundraising | |
| The Chinese government has enacted new rules severely limiting foreign currency transfers out of China. The scope of the limitations are not clear but the Xinhua News Agency reported that Chinese banks advised their customers that foreign... | ||
 | WA developer pleads guilty to EB-5 fraud, faces 10 years in prison | |
| Dive Brief: Seattle-area developer Lobsang Dargey pleaded guilty to fraud charges Wednesday in relation to a government visa program that rewards massive foreign investment with temporary residence and an expedited green card application process,... | ||
 | West Coast Real Estate Update: Dec. 29, 2016 | |
| The California Court of Appeal decided the case of Beach Break Equities, LLC v. Martin Lowell on Nov. 22, 2016, and released it for publication on Dec. 14, 2016. The case exemplifies the uncertainty that can exist for landlords even after they... | ||
 | Bellevue developer pleads guilty to fraud federal charges | |
| Bellevue developer Lobsang Dargey faces as much as 10 years in federal prison after pleading guilty to fraud-related charges Wednesday. Speaking in a subdued voice, Dargey entered his pleas in U.S. District Court in Seattle, more than a yearafter... | ||
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