EB-5 News & Updates November 29 - December 06
Projects
 | Home2 Suites by Hilton, Tracy | |
| The Propose Home2 Suites by Hilton is a four-story extended-stay lodging facility which features 94 rooms, an outdoor pool, an outdoor whirlpool, a fitness room/guest laundry room, a lobby workstation, a market pantry, an outdoor patio with fire pit, and an outdoor patio and barbecue area. The... | ||
 | Tryon International Equestrian... | |
| •The project is the development of an equestrian park and surrounding amenities in Tryon, North Carolina. •The project includes significant investments in lodging options, restaurants, retail centers, a spa, fitness center, and pool. •The project will also include a substantial inventory of... | ||
Posts
 | As the EB-5 Program Comes Up for Another Extension, Recent Litigation Puts the Spotlight on the Program’s Flaws | |
| Developers and project managers sometimes misuse EB-5 investors funds, recent court cases show. As the EB-5 Immigrant Investor program faces another extension deadline, litigation related to alleged fraud is shining a spotlight on the... | ||
Updates
Project Updates | ||
 | New owners of Fort Lauderdale Beach hotel project score $52M loan | |
| Magna Hospitality Group’s Robert Indeglia and the Las Olas Resort. Magna Hospitality bought the property out of bankruptcy in August The... | ||
 | Auction date for New York Wheel parts has been set | |
| To further cement the demise of the New York Wheel, an auction for the parts of the ill-fated 630-foot tourist attraction has been... | ||
 | Chinese Investors Embraced Program for U.S. Residency. Not Anymore. | |
| Failed projects like the New York Wheel on Staten Island, shown on April 25, highlight downsides for EB-5 investors. A group of New York... | ||
User Updates | ||
 | The EB-5 Program is Legally Defective and has Become a Scam | |
| The EB-5investmentprogram-created by Congress and administered by the USCIS- isdefraudingChinese investors by the thousands. The Chineseinvestorsare stuck in an American-mademorass offederalsecurities law violations and statelawfiduciary... | ||
Firms Updates | ||
 | Investors file fraud suit against ADC Downey, seek $4.9 million | |
| Chinese foreign investors have filed a suit against a Los Angeles-based partnership they subscribed to over allegations of fraud. Yicong Gan, Ying Liu, Hui Luo, et al. filed a complaint on Nov. 19 in the U.S. District Court for the Central... | ||
 | For Sh50m, you can now land US Green Card | |
| An American company is fishing for capital from wealthy Africans in exchange for living and working in the US permanently. For a Sh50 million investment, Atlantic American Partners can get you an investment green card under a little-known option... | ||
Litigation Cases
| U.S. Immigration Fund - NY vs Douglas Litowitz | ||
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