EB-5 News & Updates April 06-13
EB5Projects.com Events
 | EB-5 Weekly News Roundup April 8-14 Miami, Miami, US 04/14/2017 2:00PM - 3:00PM (Eastern Daylight Time) Conversation about News & Events in the EB-5 Industry with Analysts, Experts and Newsmakers. Questions can be made by calling: +1-917-421-9919 or by video here with a Chrome browser Case: FBI vs California Investment Immigration Fund... | Free |
 | EB-5 Weekly News Roundup April 15-21 Miami, Miami, US 04/21/2017 2:00PM - 3:00PM (Eastern Daylight Time) Conversation about News & Events in the EB-5 Industry with Analysts, Experts and Newsmakers. Questions can be made by calling: +1-917-421-9919 or by video here with a Chrome browser | Free |
Posts
 | An Introduction to EB-5 Agencies | |
| EB-5 Agencies have been operating in Mainland China since the United States started the Employment-Based Fifth Preference (EB-5) Visa Program through enactment of the Immigration Act of 1990. A few of these EB-5 Agencies existed... | ||
 | Tell us again about being lax | |
| Remember when the United States Department of State, Bureau for International Narcotics and Law Enforcement Affairs released the March 2017 International Narcotics Control Strategy Report (INCSR), Volume II, on Money Laundering and... | ||
 | Congress needs a do-over on fraud-laden 'Immigrant Investor' program | |
| Last week, federal authorities raided a Los Angeles-area business suspected of organizing a $50,000,000 visa fraud scheme for Chinese immigrants. Allegedly, the business took money from more than 100 Chinese investors for bogus business... | ||
 | The one golden visa the Chinese wants could be running out | |
| As congress deliberates EB-5 this month, investors from China are doing all they can to make the most of the investment-for-residency scheme It is the golden visa of all golden visas for the Chinese, and it is about to be taken away... | ||
 | New administration, same EB-5 dilemma | |
| Since 2015, we here at Crunched Credit have tracked, followed and discussed the developments (or lack thereof) concerning the Immigration Investor Program, more commonly known as the “EB-5 Visa Program.” Throughout the past year, we’ve... | ||
Updates
Regional Center Updates | ||
 | Stowe Aviation bails out of EB-5, rips leadership | |
| The operator of the Morrisville-Stowe State Airport is pulling out of an agreement with the Vermont EB-5 Regional Center. Stowe Aviation had planned to use EB-5 immigrant investor funding, along with other private capital, to support major... | ||
 | FBI Raids California Offices to Bust Scam That Gives Rich Chinese Immigrants Visas | |
| Federal agents have conducted raids in San Gabriel Valley, California as part of an alleged visa fraud investigation. According to FOX 11, officials from the FBI and Homeland Security Investigation are looking into a multi-million dollar fraud... | ||
 | Ex-Jay Peak Attys Can't Step Into $350M EB-5 Case | |
| A Florida federal judge denied a request by Jay Peak resort owner Ariel Quiros’ former attorneys to intervene in a $350 million EB-5 visa suit against Quiros, finding Thursday it would not be proper for the nonparties to voice their concerns in... | ||
 | Immigrant investor program under fresh scrutiny as Chinese president visits US | |
| The timing could not have been worse – or better, depending on whose side you are on. On Wednesday, the day before Donald Trump met Chinese president Xi Jinping at Trump’s Florida Mar-a-Lago estate, law enforcement swooped on a Chinese-focused... | ||
 | Federal agents raid California business in green card probe | |
| Authorities raided the offices of the California Investment Immigration Fund in San Gabriel, along with a home in Arcadia and a townhouse in El Monte, according to a search warrant application unsealed Wednesday in Los Angeles federal court.... | ||
 | California Business Raided By Federal Agents In Green Card Probe | |
| Agents served search warrants at an office located at the Hilton, 225 West Valley Boulevard in San Gabriel, a home in a gated community in the 700 block of Carriage House Drive in Arcadia, another residence on Larry Beard Drive in South El Monte,... | ||
 | Raids over EB-5 fraud scheme involve China's most-wanted fugitives | |
| They spent millions on luxury houses and high-priced cars. And millions more for vacant lots. On one lot, signs in Chinese and English posted on a chain-link fence that surrounds it read: "retail shops for lease" and "partnerships welcome". The... | ||
 | “Your only opportunity to get rich in America”: Inside LA’s deceptively simple $50M EB-5 scam | |
| It’s a paint-by-numbers approach to defrauding real estate investors. Federal agencies raided the homes and office of a California attorney and her father Wednesday, amid an investigation into whether the two perpetrated a multi-million-dollar... | ||
 | Former Jay Peak owner sued over EB-5 funds | |
| A new lawsuit claims the former owner of Jay Peak Resort knowingly participated in fraud when a Miami businessman bought the property in 2008. The U.S. government has said the businessman, Ariel Qurios, purchased Jay Peak for $25.7 million by... | ||
 | FBI believes developer of Indio hotel helped Chinese fugitives get U.S. visas | |
| For years, signs in English and Mandarin have announced a forthcoming hotel and commercial plaza, Victoria Center, near a bustling commercial district on the edge of Indio and La Quinta The developer, CIIF Hotel Group, is actively working toward... | ||
 | Jay Peak's EB-5 Receiver Says Pending Deal Will Have Far-Reaching Effect | |
| One year ago, federal and state prosecutors brought securities fraud charges against Jay Peak developers Ariel Quiros and Bill Stenger for misusing funds raised through the federal EB-5 immigrant investment program. Now, the man appointed to run... | ||
 | Chinese investors purchase property near Ala Moana Center for $23M | |
| Chinese investors have purchased an acre of property near Ala Moana Center in Honolulu for $23 million that will be the site for its proposed 407-unit condominium hotel high-rise tower, Pacific Business News has learned. Hawaii Ocean Plaza LP,... | ||
Project Updates | ||
 | Metropica receives $65M in funding for its first condo tower | |
| The developer of the $1.5 billion Metropica project in Sunrise obtained a construction loan for its first condo tower. The... | ||
 | A Year After EB-5 Crackdown, Newport Is Taking Action On Demolished Downtown Block | |
| A year after fraud allegations put development projects in the Northeast Kingdom funded by the federal EB-5 immigrant investor program... | ||
 | Rowland Pal Robert Matthews Among Defendants In Suit Alleging $50-Million Fraud | |
| About eight years ago, multimillionaire developer Robert Matthews made news in Connecticut by paying a $2,000 ethics fine related to an... | ||
 | Jay Peak EB-5 Investors Sue Saint Sauveur Valley Resorts | |
| Two EB-5 investors are alleging that a Canadian company “aided and abetted” the alleged fraud at Jay Peak Resort. The investors are... | ||
 | Jay Peak's Former Parent Company Is Named In New EB-5 Lawsuit | |
| This week marks the one year anniversary of federal and state fraud charges brought against Jay Peak. Now one of the resort’s original... | ||
 | The EB-5 Scandal Literally Left A Hole In The Newport Community. So What's Next? | |
| In the wake of the EB-5 scandal that broke a year ago this week, Newport was left with a big hole in the ground where Ariel Quiros and... | ||
 | Done Deal: 7 years later, Amerock agreement reached | |
| Whether Rockford will get 160-room sky-rise hotel downtown is in the hands of the developer – again. To thundering applause Monday,... | ||
 | McQuiston: Ski Industry Rebound | |
| The EB-5 fraud case that was exposed a year ago was a suitable capper to one of the worst ski seasons in memory. A million skier days... | ||
User Updates | ||
 | EB-5 Set to Expire, but South Florida Developers Count on Short Extension | |
| Developer Rodrigo Azpurua has protected his EB-5 projects from potential changes in the federal visa law by limiting his project size and the amount of EB-5 capital used. The president and CEO of Riviera Point Development Group said he keeps his... | ||
Firms Updates | ||
 | United States: Green and Spiegel Submits Comment on the Proposed EB-5 "Modernization Rule" | |
| The Green and Spiegel Investor Team submitted its comment on the proposed EB-5 Modernization Rule. For background, see our analysis of the proposed Rule here. Fellow stakeholders interested in providing comment to USCIS may do so online before... | ||
Litigation Cases
| FBI vs California Investment Immigration Fund (CIIF) | ||
Events
| EB-5 Weekly News Roundup April 8-14 Miami, Miami, US 04/14/2017 2:00PM - 3:00PM (Eastern Daylight Time) Conversation about News & Events in the EB-5 Industry with Analysts, Experts and Newsmakers. Questions can be made by calling: +1-917-421-9919 or by video here with a Chrome browser Case: FBI vs California Investment Immigration Fund... | Free |
 | The 2017 US Immigration Seminar Series 3301 SOUTH DEARBORN CHICAGO IL 60616, Chicago, US 04/19/2017 1:00PM - 3:00PM (Eastern Daylight Time) U.S. Immigration Seminar Join us on April 19th at Illinois Institute of Technology (IIT) www.cipollalawgroup.com/register-us/ Or alternatively email us at info@cipollalawgroup.com Discussing Immigration options and different Visa categori... | Free |
| EB-5 Weekly News Roundup April 15-21 Miami, Miami, US 04/21/2017 2:00PM - 3:00PM (Eastern Daylight Time) Conversation about News & Events in the EB-5 Industry with Analysts, Experts and Newsmakers. Questions can be made by calling: +1-917-421-9919 or by video here with a Chrome browser | Free |
 | Form I-924, Application for Regional Center Designation Under the Immigrant Investor Program District Of Columbia, District Of Columbia, US 04/26/2017 2:00PM - 3:00PM (Eastern Daylight Time)
| Free |
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