EB-5 News & Updates #156 December 12-19

Posts

SUBSCRIPTION ESCROW ACCOUNTS IN EB-5 A STORY OF EVOLUTION
by Jill Jones, NES Financial; Mona Shah, Mona Shah & Associates Global; Osvaldo Torres, Torres Law PA    The use of a subscription escrow account to accept capital contributions from EB-5 investors seeking permanent...
New regulations continue many of the same TEA standards but offer more clarity
While some EB-5 stakeholders think the new regulations are potentially ambiguous, EB-5 expert Suzanne Lazicki sees the new TEA policy as having a lot of carry-over from before and offering more clarity. One question she sees as being...
EB-5 Visa Program Requirements For I-526 Petition Approval
Here is what interested investors need to know about the EB-5 Visa Program requirements for receiving I-526 Petition approval. The I-526 Immigrant Petition by Alien Entrepreneur is the first EB-5 application a foreign national files to...
Regional Center Program Extension To September 30, 2020, If Federal Funding Package Passes
A bipartisan effort has been made to push through a federal spending package before the government shuts down at midnight on December 20th. The House passed H.R. 1865, which includes an EB-5 Regional Center Program extension through...

Updates

Project Updates
Feds to Miami Judge: Legal Malpractice Case Could Interfere With Jay Peak Grand Jury Probe
Jay Peak, Vermont ski resort Federal prosecutors referred to a previously undisclosed investigation in a motion to stay the malpractice...
State to put ticks, state debt into Newport’s downtown hole
In an announcement dropped between Thanksgiving and Christmas, when Vermonters are paying the most attention to the news, Governor Scott...
Prosecutors say Jay Peak receiver’s $260M suit could impede grand jury probe
Jay Peak Resort on Friday, June 7, 2019.  Federal prosecutors say a lawsuit against the former legal team of the alleged mastermind...
Indictments and the closing of the state EB-5 program
VTDigger exposed the fraud at Jay Peak Resort five years ago, and but for our reporting the developers likely would have continued...
Firms Updates
Immigrant Investors Get Renewed Green Card Bid After EB-5 Fraud
A U.S. flag is displayed in a U.S. Citizenship and Immigration Services facility. Court says fund mismanagement not connected to green card eligibility Investors usually lose visas where EB-5 fraud found A group of 157 EB-5 immigrant investors is...
Regional Center Updates
US authorities bust visa fraud scheme for wealthy Chinese
Victoria Chan and her father allegedly promised investors a full refund on their funds but kept some of the money to buy multi-million-dollar homes for themselves. (File) Federal agents in California raided two homes and a business allegedly...
San Gabriel Valley raids target scammers who helped wealthy Chinese get U.S. visas, feds say
After years of sleuthing, federal agents Wednesday raided San Gabriel Valley homes and an office that investigators have linked to an alleged multimillion-dollar immigration and finance scam that allowed wealthy Chinese investors to obtain U.S....

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