EB-5 News & Updates #294 August 11-18
Posts
 | Mobile Store Investor Sues Over 'Fake' EB-5 Scheme | |
| A truck accessory store and van investor has sued the people behind an allegedly fraudulent investment opportunity, accusing them of marketing the "fake investment" to people in Mexico, Taiwan, and Vietnam looking to gain visas by... | ||
 | Southern California Lawyer Disbarred After Conviction in Multimillion-Dollar Immigration Scheme | |
| The California Supreme Court disbarred an attorney who pleaded guilty to federal fraud and money laundering charges in a scheme that collected more than $50 million from foreign investors seeking green cards, the state bar announced... | ||
Updates
Firms Updates | ||
 | August 2022 Visa Bulletin | |
| The Department of State has issued its August 2022 Visa Bulletin, and there is modest movement in both the final action dates and dates for filing in the EB-3 preference category for India and China, but no change from July in the EB-2 category.... | ||
 | Visa Set Asides Under The EB-5 Reform And Integrity Act Of 2022 | |
| One of the most exciting – and confusing – changes brought about by RIA was the allocation of visa set-asides. The law allows applicants who invest in certain projects (rural, high unemployment, and infrastructure) access to reserved visas and... | ||
 | WR Immigration Files Litigation Over Wasted EB-5 Visas | |
| On Friday, August 5th, 2022, WR Immigration and Banias Law filed a complaint in the U.S. District Court for the District of Columbia on behalf of hundreds of Chinese foreign national plaintiffs requesting the court to compel the U.S. Department... | ||
 | EB-5 Program Returns, but Some Issues Unresolved | |
| When developer Michael Reschke opens his new hotel on LaSalle Street in Chicago’s Loop district in a few weeks, he will also be opening the door for dozens of overseas investors to live in the United States. He raised about $8 million for the... | ||
 | EB-5 financing returns and Orlando developers have mixed feelings | |
| The reauthorization of the EB-5 Regional Center Program is giving some developers in Orlando déjà vu. Similarly a year following its launch, “everyone was looking at it with a skeptical eye,” developer Joshua Wallack said. It took a couple of... | ||
 | EB-5 program renewed with reforms to fight fraud under House-approved spending bill | |
| The U.S. House of Representatives on Wednesday night passed a $1.5 trillion omnibus spending measure that includes the EB-5 Reform and Integrity Act, which now is reauthorized through 2027. The larger legislation funding the government through... | ||
 | EB-5 or EB-6 — Which Investor Visa is for You? | |
| The EB-5 visa for Immigrant Investors is a United States visa that allows foreign nationals who invest money in the United States to obtain permanent residency (green card ). The usual investment threshold is $1 million (or $500,000 in high... | ||
 | EB-5 Program Revived: U.S. District Court Restores $500,000 Investment | |
| The U.S. District Court of the Northern District of California decided on June 23rd, 2021 to rule in favor of its request to vacate the EB-5 Modernization Rule implemented by the Department of Homeland Security (DHS) in 2019. The court’s decision... | ||
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