EB-5 News & Updates #181 June 04-11

Posts

USCIS RE-PRIORITIZES THE EB-5 ADJUDICATION PROCESS: AN ANALYSIS!
By Mona Shah, Esq & Rebecca S. Singh, Esq. . 2020 began with a series of implementations from USCIS, a drastic change from the inaction seen in early through the tail end of 2019.  The new Regulations came into effect on...
PSYCHOLOGY OF A PANDEMIC: EB-5 LESSONS TO BE LEARNED FROM COVID-19
Interviews with Regional Centers and Developers on the Economic Impact of EB-5 Projects By Mona Shah, Esq. and Rebecca Singh, Esq. Historically, responses to pandemics have followed a pattern—from initial denial to panic...
Immigrant Investors Stalled by Virus Add to Economic Worries
Consulate closures, business delays are obstacles for investors Fear of visa bans need for cash influx are program benefits A U.S. program that grants green cards to immigrant investors faces serious disruptions during the coronavirus...

Updates

User Updates
Accused fraudster Quiros hires new lawyer who has run into own legal problems
Ariel Quiros, center, arrives outside federal court in Burlington for his arraignment on charges pertaining to the EB-5 fraud case on May 22, 2019. At right is then-attorney Seth Levine, and behind is Bob Katims, local counsel.  Former Jay...
Project Updates
Related halts payments to Hudson Yards EB-5 investors
Stephen Ross and Hudson Yards In a letter, the developer says the pandemic will impact the value of investments in the megaproject...

Litigation Cases

Teresa Chiu and Daniel Hsieh vs United Venture Regional Center, LLC & United Venture Regional Center
SECURITIES DEPARTMENT, STATE OF ILLINOIS vs Patrick Hogan & CMB Export

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