EB-5 News & Updates #151 November 07-14
Posts
 | Latest Investor Visa USA News | |
| Here’s an overview of the latest news and changes heading toward the EB-5 investor visa USA in two weeks. November 21, 2019 is not only the date the EB-5 Modernization Regulation goes into effect, but it is also the sunset date of the... | ||
 | New EB-5 Reform Act Would Provide EB-5 Backlog Relief for Investors | |
| On November 5, 2019, Senators Graham, Rounds, and Cornyn introduced the Immigrant Investor Program Reform Act which would provide much needed EB-5 backlog relief through advanced parole and work authorization. New Limited... | ||
Updates
Regional Center Updates | ||
 | 54 Chinese investors defrauded in cancer treatment scam continue to go after law firm that prepared project documents | |
| The investors are appealing a trial court decision that protects the law firm that prepared the private offering memorandum for their investment. They maintain the firm either knew of or should have known that the supposed investment in the... | ||
User Updates | ||
 | Bill introduced in US Senate seeks to eliminate green card backlog | |
| Bill introduced in US Senate seeks to eliminate green card backlog Last month, on October 18, ETtech.com reported that two Senators in the United States, Democratic Party Senators Dick Durbin (D-IL) and Patrick Leahy (D-VT) have... | ||
 | October 2019 Oppenheim EB-5 wait time estimates | |
| Department of State Visa Control Office Chief Charles Oppenheim presented about EB-5 visa availability at the IIUSA conference on October 29, 2019. Here are his presentation slides and my recording. (Update: Lee Li of IIUSA... | ||
Firms Updates | ||
 | How American defrauded me of $145,000, by businessman | |
| A NIGERIAN businessman, Mr Olukayode Sodimu, has told an Ikeja Special Offences Court how an American and alleged serial conman, Marco Ramirez, defrauded him of $145,000 in a green card scam Ramirez is accused by the Economic and Financial... | ||
 | American con man allegedly defrauds 5 Nigerians of $1.5 million | |
| - An American, Marco Ramirez, has duped five Nigerians of $1.5 million - The criminal allegedly defrauded Gabriel Edeoghon and Oludare Talabi of $388,838 and also defrauded Amb. Godson Echejue, Abubakar Umar and Sodimu of $1.2 million - Ramirez... | ||
 | Longstanding EB-5 Visa Program Undergoes Significant Changes | |
| As of November 21, 2019, the United States EB-5 immigrant visa, employment-based fifth preference category, or EB-5 Immigrant Investor Visa Program, will be revised for the first time since its 1990 enactment. The revisions, promoted as... | ||
 | Liu v. SEC: Supreme Court Agrees to Hear Challenge to SEC’s Ability to Obtain Disgorgement | |
| Key Points The Supreme Court will review whether the SEC has the authority to obtain disgorgement in actions to enforce the federal securities laws. Since the Supreme Court’s decision in Kokesh v. SEC, 137 S. Ct. 1635 (2017), Courts of... | ||
Project Updates | ||
 | SLS Las Vegas on ‘verge of bankruptcy,’ investors allege | |
| SLS Las Vegas, located on the Las Vegas Strip at West Sahara Avenue. The Las Vegas hasn’t turned a profit since opening in 2014... | ||
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