EB-5 News & Updates September 21-28
Posts
 | Will Trump’s travel ban on Venezuelans affect Miami’s real estate market? | |
| Miami and the Venezuelan flag Venezuelans spent about $868M on South Florida homes last year President Trump extended his controversial travel ban to include Venezuela, causing momentary panic among Venezuelan investors of Miami real... | ||
Updates
Project Updates | ||
 | EB-5 investors: Don’t toss case against ex-Jay Peak owner | |
| The Hotel Jay is the signature project of the Jay Peak Resort expansion. The developers used EB-5 immigrant investor money to build the... | ||
 | Parker Riehle to stay at Ski Vermont | |
| Vermont Business Magazine Parker Riehle, the president of the Vermont Ski Areas Association, known as Ski Vermont,will not be leaving... | ||
 | Businessman Stole Investor Funds for Packers Tickets, SEC Says: Enforcement | |
| Cheesehead-donning fans of the Green Bay Packers. Also, FINRA censures and fines Goldman Sachs, State Street and UBS. The Securities and... | ||
 | Vermont ski resort fraud case gets first court hearing | |
| Chandler Matson, an attorney with Barr Law Group in Stowe, Vt., and representing a group of EB-5 investors who are suing the state,... | ||
 | Kushner Companies’ stalled One Journal Square project may be revived | |
| An older rendering of One Journal Square. Rendering via Woods Bagot One of Jersey City’s biggest proposed residential projects may be... | ||
 | Scott won’t rule out EB-5 special prosecutor | |
| The Hotel Jay is the signature project of the Jay Peak Resort expansion. The developers used EB-5 immigrant investor money to build the... | ||
Regional Center Updates | ||
 | Jim Zeigler: Luther Strange profits $153,530 from sale of visas to foreign nationals | |
| U.S. Sen. Luther Strange earned $153,350 in 2016 from the sale of VISAs to wealthy foreigner nationals, allowing them to bypass the legal immigration process. The disclosure was made by Alabama State Auditor Jim Zeigler, who called the earnings “... | ||
 | EB-5 fraud lawsuit against Vermont heads to court | |
| Colchester topped Champlain Valley 21-12 in a Division I high school football game Saturday. The question of whether Vermont government leaders were complicit in the massive Jay Peak Resort fraud case moves for the first time to a courtroom next... | ||
 | Lawsuit: Jay Peak attorneys got $25,000 ‘kickbacks’ for each new investor | |
| Plaintiffs in a lawsuit against the state allege that Bill Stenger, the former CEO and president of Jay Peak Resort, paid $25,000 to immigration attorneys in “kickbacks” for each new investor the lawyers brought into the projects. New evidence... | ||
 | Vermont claims immunity from EB-5 lawsuit | |
| Antonio Pomerleau reflects on the occasion of his 100th birthday at his home in Burlington on Wednesday, August 30, 2017. Pomerleau was born on September 28, 1917. Vermont plans to repudiate a lawsuit over its handling of the troubled EB-5... | ||
 | SEC Halts EB-5 Scheme in Los Angeles Area | |
| The Securities and Exchange Commission has obtained an emergency court order to freeze the assets of a husband and wife in Arcadia, California, who allegedly defrauded investors in two EB-5 investment offerings. According to the SEC's complaint... | ||
 | Tom Evslin: Vermont Should be Investigating Itself | |
| Our brand is becoming “non-sustainable”. Tiny Vermont has the distinction of biggest EB-5 scandal in the country. EB-5 is a program which grants US residency to foreigners who invest in certified job-creating projects. Jay Peak Resort was built... | ||
Firms Updates | ||
 | Partners in progress | |
| It’s no secret that the Tampa Bay area is becoming a top destination for companies nationwide in search of greener pastures for their corporate headquarters. Florida’s low business taxes and fees and lack of state income tax, coupled with Tampa... | ||
User Updates | ||
 | Increase in EB-5 visa investment almost certain, says Suresh Rajan | |
| “Expected and needed program reforms will increase transparency and integrity for all stakeholders in the EB-5 market place,” says Rajan. Suresh Rajan is the Chief Executive Officer of LCR Capital Partners. LCR is a U.S. private investment firm... | ||
Litigation Cases
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION vs RONALD VAN DEN HEUVEL, GREEN BOX NA DETROIT, LLC | ||
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION vs Home Paradise Regional Center | ||
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