EB-5 News & Updates September 20-27
Posts
 | Lawsuits Threaten to Sink Cash-for-Visas Program | |
| In the latest sign of Capitol Hill dysfunction, Congress will likely grant yet another reprieve to its problem-plagued EB-5 foreign investor-visa program. Set to expire Sept. 30, the EB-5 “pilot” is a toxic tin can that has been kicked... | ||
 | Millionaires' visas give the wealthy an unfair fast track to a green card. Let's get rid of them | |
| Chinese visitors seek information of the U.S. government's EB-5 visa program in Beijing on May 7, 2017. While the Trump administration has been dramatically limiting the number of immigrant visas the U.S. will issue, it has been quietly... | ||
Updates
Project Updates | ||
 | Ecco on Orange Construction Update (September 2018) | |
| Vertical construction of the residential units at Ecco on Orange has started. Despite wet weather conditions this time of year in... | ||
 | Meres Crossing Construction Update (September 2018) | |
| Site clearing and grading has begun at Meres Crossing, a 236-unit apartment community in Tarpon Springs, Florida. An investment of... | ||
 | Despite Jan. extension granted, NY Wheel parts could be auctioned in Oct. | |
| After New York Wheel investors told the Advance this week they can't build the 630 foot tourist attraction without the city's help, the... | ||
 | Chinese EB-5 Investors in Royal Palm Beach Office Claim $6.5M Fraud on Green Cards | |
| Chinese investors claim they were duped into sinking more than $6.5 million into a Royal Palm Beach office venture in exchange for EB-5... | ||
 | NY Wheel: Without the city, 'it's not going to happen' | |
| The New York Wheel investors told the Advance on Thursday that the project, which has been in the works for six years, will not happen... | ||
 | Lloyd Goldman, Jeffrey Feil threaten to pull the plug on the New York Wheel | |
| Lloyd Goldman (left) and Jeffrey Feil (right) flying away from the New York Wheel as pigeons Partners said they are ready to abandon... | ||
 | 125 Greenwich supertall closes on $473M debt package | |
| From left: Davide Bizzi, Howard Lorber, and renderings with 125 Greenwich Street Four Asian banks provided the loan After marathon... | ||
 | The End Of The Line For Giant Ferris Wheel On Staten Island? | |
| The giant Ferris wheel on Staten Island is in big trouble. The investors behind the wheel tell the Wall Street Journal they're about to... | ||
Regional Center Updates | ||
 | Governor’s office, agency attorneys dispute release of EB-5 records | |
| Jaye Pershing Johnson (left), Gov. Phil Scott’s legal counsel, with the governor at a press conference in October 2017. Emails obtained by VTDigger show internal squabbling within Vermont’s executive branch over the release of state EB-5 reports... | ||
 | EB-5 Director: Audits of Jay Peak Discouraged | |
| A director of the Vermont EB-5 Regional Center said he repeatedly recommended audits for the Jay Peak Resort projects, but was told to stand down in efforts he said were coordinated by current and former members of the Shumlin administration. In... | ||
Firms Updates | ||
 | Week of September 24, 2018 | |
| With the changes that are coming out of Washington DC, it has been nonetheless a busy summer for us. We wish to bring you up-to-date on some of the most important issues affecting our immigrant and non-immigrant clients. UNLAWFUL PRESENCE: Please... | ||
 | SEC Charges Unregistered Sales Of Securities Issued Under EB-5 Immigrant Investor Program | |
| The Securities and Exchange Commission today announced that an Illinois-based regional center, its CEO, and 37 affiliated limited partnerships have agreed to settle charges related to securities issued under the EB-5 Immigrant Investor Program,... | ||
User Updates | ||
 | Jay Peak to celebrate Stenger’s 70th birthday | |
| Bill Stenger outside the Stateside Hotel at Jay Peak in September 2013. William Stenger says he doesn’t know about it, but the Jay Peak Resort that regulators say he helped plunge into near-financial collapse in a massive investor fraud scandal... | ||
 | EB-5 Extended to December 7, 2018 with No Changes | |
| Here we are again nearing the end of the fiscal year for the United States government. Every year for the past several years, the months prior to the end of the fiscal year have included an extraordinary amount of media coverage about the EB-5... | ||
 | EB-5 Visa Common Questions - English + Vietnamese | |
| 1. Can all of the invested funds be a gift? Yes, the person who gives the money needs to show how he/she obtained it. They need to prove source of funds. 1. Tất cả các quỹ đầu tư có thể xuất phát từ một món quà không? Có, nhưng người đầu tư cần... | ||
 | CẬP NHẬT: Thời Gian Xử Lý Đơn I-526 Thị Thực EB-5 | |
| Thời gian xử lý dành cho chương trình Thị Thực Nhập Cư Đầu Tư EB-5 có thể dễ gây nhầm lẫn hoặc đôi khi bị hiểu sai. Do đó để hiểu hơn về quá trình hồ sơ, trước tiên chúng ta cùng tìm hiểu thêm về Mẫu Đơn I-526. I-526 là mẫu đơn chính thức để xin... | ||
 | EB-5 investors keep alive bid to intervene in case against Quiros, Stenger | |
| Russell Barr speaks to reporters outside the Lamoille County Courthouse in Hyde Park last summer. The Vermont Supreme Court is allowing an attorney for a group of EB-5 investors to continue in his bid to jump into a fraud case against two Jay... | ||
 | Stenger backers upset over blown surprise for birthday bash | |
| The surprise is blown and VTDigger is to blame. That’s the take from attorney as well as his son in response to a story from the news organization published online this weekend about a 70th birthday party planned at Jay Peak for the former resort... | ||
Litigation Cases
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION vs CMB Export & Patrick Hogan | ||
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