EB-5 News & Updates #126 May 16-23
Projects
 | Definition | |
| DEFINITION plans to a brew authentic beer traditions from around the world mainly focusing on well know brewing recipes from Germany and Belgium. Highly skilled German brew master using the most advanced brewing equipment and ingredients imported all the way from Germany would brew the company’s... | ||
Posts
 | Latin Americans Emerge as Source in EB-5 Program | |
| The number of EB-5 visas issued annually to Latin Americans looks likely to surpass 2,000 within the next three years -- double the total in 2018, according to Julian Montero, a lawyer at Saul Ewing Arnstein & Lehr. US program... | ||
 | Kushner's plan would displace more American workers | |
| White House senior advisor Jared Kushner’s immigration plan is a direct threat to thousands of U.S. workers with white-collar jobs. Kushner’s vision, which he’s worked on for months and developed under the false pretense that the nation... | ||
Updates
Project Updates | ||
 | Palm House Hotel finally sells for $40M | |
| The Palm House Hotel The Palm Beach condo-hotel was previously engulfed in one of the biggest EB-5 frauds in South Florida The saga of... | ||
 | Lucky Dragon’s foreign investors demand refund | |
| The Lucky Dragon located at 300 W. Sahara Avenue in Las Vegas on Tuesday, Sept. 18, 2018. Richa. Things were looking bleak for the... | ||
 | Tradepoint Atlantic Update | |
| We just returned from a site visit and meetings at Tradepoint Atlantic. In addition to meeting with Tradepoint’s Chief Financial Officer... | ||
 | Trio of lawsuits surround former Lucky Dragon Hotel and Casino developers | |
| In Nevada, the men behind the former Lucky Dragon Hotel and Casino have reportedly been named as defendants in a trio of civil lawsuits... | ||
 | Investors in Former Lucky Dragon Casino Sue Developers for Refund After Dreams of US Citizenship Go Up in Smoke | |
| The Lucky Dragon was one of the shortest-lived Las Vegas casino ventures of all time. Its developers are currently fielding lawsuits... | ||
 | London Firm Buys Palm Beach Hotel Project as Glenn Straub Keeps Up Appeals | |
| Palm House Hotel at 160 Royal Palm Way in Palm Beach. Straub's KK-PB Financial LLC appealed the sale in federal court even as London +... | ||
User Updates | ||
 | My view: Consider foreign direct investment as South Florida’s ‘renewable resource’ | |
| “What South Florida needs is a “balanced portfolio” of long-term, reliable FDI which focuses on local job creation and community-building,” says José Latour of LatourLaw. Investopedia defines a “renewable resource” as “a substance of economic... | ||
 | EB-5 Reform, Immigration Reform | |
| Today, IIUSA and others published a letter to the Senate and House Judiciary Committees laying out “consensus reform concepts” recommended for new EB-5 legislation. I’m heartened to see effort toward reform and reauthorization, and... | ||
 | Updated Information After the Annual IIUSA Meeting Held in Washington, DC May 6 and May 7, 2019 | |
| IIUSA hosted a very targeted annual conference in Washington, D.C., to discuss the status of the EB-5 industry and focused on various specific matters of interest to the group. The major takeaway from the meeting was a speech by Charles... | ||
Firms Updates | ||
 | President Trump Announces Plan for Immigration Reform | |
| Key Points On May 16, 2019, President Trump announced broad parameters of an immigration plan to address border security, interior enforcement, asylum policy, modernization of ports of entry and the current immigrant visa or “green card” system.... | ||
 | June 2019 Visa Bulletin Updates on EB-5 Retrogression | |
| The U.S. Department of State just released the updated Visa Bulletin for June 2019. The monthly updated waiting list provides the latest information for foreign nationals who seek to become U.S. permanent residents by applying for immigrant visas... | ||
Regional Center Updates | ||
 | Criminal charges expected this week in Jay Peak EB-5 fraud | |
| Bill Stenger, left, and Ariel Quiros at a ribbon cutting. Apress conference is set for Wednesday in Newport, where federal criminal charges are expected to be announced against Jay Peak developers Ariel Quiros and Bill Stenger in connection... | ||
 | Charges Coming in Kingdom Con | |
| WCAX News has confirmed federal charges will happen Wednesday in Vermont's largest fraud scandal ever. It involves Jay Peak Resort and the never-built ANC Bio facility, along with several other redevelopment projects in the Northeast Kingdom. A... | ||
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