EB-5 News & Updates #128 May 30 - June 06
Posts
 | Rich Indians may soon face difficulty in getting US visa over annual cap issue | |
| With the US making several changes in its immigration policy, it's becoming tougher for Indians enter the country. After H-1B, EB-5 US immigrant visa, which is a employment-based fifth preference category visa, has reached the stage of... | ||
 | With Chinese investment drying up, EB-5 debt isn’t nearly as cheap | |
| EB-5’s go-go days are a thing of the past, and now developers are searching for —but rarely finding — cheap debt through the federal visa program. Chinese investors who had accepted near-zero returns in order to secure a green card... | ||
Updates
Project Updates | ||
 | How a Vermont biotech project triggered federal fraud charges | |
| After federal indictments were handed down last week, defendants in the Jay Peak fraud were hauled into court in handcuffs, marking a... | ||
 | Jay Peak receiver cans Stenger days after fraud indictment | |
| Bill Stenger arrives outside federal court in Burlington for his arraignment on charges pertaining to the EB-5 fraud case on May... | ||
 | EB-5 lawsuit settled in South Dakota Supreme Court | |
| A lawsuit stemming from the EB-5 program has ended with a settlement. The company that provided more than $30 million to build the... | ||
 | Brooklyn lawmakers seek Pacific Park affordable housing schedule | |
| Three state legislators from Brooklyn have written a forceful letter to state economic development chief Howard Zemsky, asking him to... | ||
 | In Newport, EB-5 scandal lingers with dashed hopes and a ‘whopping great hole’ | |
| St. Mary’s Catholic Church, built in 1875, looks out over western Newport. Photo by Mike Dougherty/VTDigger NEWPORT — Brenda’s Homestyle... | ||
Regional Center Updates | ||
 | Jay Peak receiver sues Quiros’ lawyer for allowing fraud to occur | |
| Michael Goldberg, the court-appointed receiver in the EB-5 fraud case, speaks at a Statehouse news conference in 2017. Photo by Michael Dougherty/VTDigger Jay Peak receiver Michael Goldberg has filed a lawsuit against the former attorney for... | ||
 | Extell’s former EB-5 regional center director says Gary Barnett defrauded her | |
| Lela Goren and Gary Barnett and One Manhattan Square Once again, claims of fraud have surfaced in the world of EB-5 lending. This time, the development giant Extell Development and its founder Gary Barnett have been accused of fraud by... | ||
Firms Updates | ||
 | CanAm Capital Partners closes PE investment in Atlanta | |
| CanAm Capital Partners (CACP), an affiliate of CanAm Enterprises, has closed another private equity deal, investing USD2.5 million in the renovation of 1375 Peachtree, a creative office complex in the Midtown submarket of Atlanta, Georgia with a... | ||
Litigation Cases
| Michael I. Goldberg vs Ariel Quiros | ||
| Chinese investors vs Las Vegas Economic Impact Regional Center | ||
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