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EB-5 News & Updates December 06-13

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EB-5 visa program extended… until Dec. 21
The green card initiative, which would have expired Friday, is tied up in the federal spending bill The federal EB-5 visa program received another extension as part of the larger federal spending bill, this time until Dec 21. EB-5 had...
Miami's Luxury Real Estate Market Is Heating Up, Thanks To Big-Name Architects And Foreign Money
Miami's skylineONE THOUSAND MUSEUM RESIDENCES Art Baselis in full swing in Miami but it isn't just this week that all eyes are on the city. Luxury high-rise developments,designed by some of the biggest names in architecture, have seen a...
What is Jared Kushner 'Shielding' ? Watchdog granted court order for DHS to disclose any role he played in renewing EB-5 Visa Program
Jared Kushner, senior White House adviser, sits in a county sheriff listening session with President Donald Trump (not pictured), in the Roosevelt Room of the White House, on February 7, 2017. A watchdog group filed a public records...

Updates

Firms Updates
Washington Update: EB-5 Regional Center Authorization Receives Short Term Extension until December 21st
The federal government has taken steps to extend the operations of the U.S. government until December 21, 2018. These measures would therefore extend the current EB-5 Regional Center program without changes until December 21, 2018. Presently, the...
President Signs Extension of Government Funding and Programs, such as EB-5 and Other Critical Immigration Programs, Through Dec 21, 2018
As an update to this reporting-House Introduces Two-Week Continuing Resolution to Extend Vital Programs such as EB-5, on Dec. 6, the House passedH.J. Res 143– FY 2019 Continuing Resolution Through December 21, 2018, by unanimous consent.The...
This Week In Securities Litigation
The Supreme Court was the focus this week with oral argument inLorenzo v. SEC,an action centered on ascertaining the dividing line between primary and secondary liability under Exchange Act section 10(b). The arguments were based on the...
The Cloudy Future Of EB-5
The troubled EB-5 visa program, used by various real estate developers as a source of fundingthoughfraughtwith clouds of suspicion and cases of fraud, got another extension on Friday when President Donald Trump signed acontinuing resolution to...
Now Open: Two NYC Hotels; More in Major Cities…
New York City, Seattle, Atlanta and Dallas are all seeing hotel activity. With openings across the U.S., brands are setting roots in major cities: Park Terrace Hotel Opens in NYC’s Bryant Park The newly built Park Terrace Hotel opened its doors...
User Updates
EB-5 visa program reform
The Nov. 16 editorial about the EB-5 visa program, “Visas for Sale,” is unfortunate for its misunderstanding of how this program works and who benefits from it and for its narrow view, missing the promising path for Pittsburgh as the EB-5...
EB-5 is Very Much Alive within the Korean Market
As depicted by this recent image the Korean visa market is taking advantage of the dynamics as Chinese retrogression brings the program to a snails pace in China. The marketing information being projected as this ad states....."Investors who are...
Jay Peak receiver comes under fire for settlement that would shield Quiros
Michael Goldberg, the court-appointed receiver in the EB-5 fraud case, speaks at a Statehouse news conference Thursday. Alawyer for People’s United Bank says the man overseeing two Northeast Kingdom ski resorts at the center of the largest...
Project Updates
The New York Wheel is getting sold for parts at auction
The New York Wheel and an auctioneer Parts of failed project up for sale include its legs, drive towers and cable spokes Discarded parts...
Regional Center Updates
Three Developers Settle Charges of Fraudulent EB-5 Offering
The Securities and Exchange Commission today announced that three Houston-area developers have agreed to settle charges that they misused investor funds raised from 90 Chinese investors under the EB-5 Immigrant Investor Program on unrelated...

Litigation Cases

YING LIU, HUI LUO, WEI QIANG, LINYU WANG, YIREN SUN, WENBIN XU, TAO XUE, and XIAOYAN ZENG vs ADC Downey, LP and ADC Downey GP, LLC

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