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EB-5 News & Updates October 18-25

Projects

Mark Sarasota
Floors: 12 Land Area: 1.6 acres Luxury Condominium Units: 157 Total Space: 331,214 ft2 / 30,771 m2 Amenities: Elevated resort-stylepool and spa, fire pit, entertainingclub room, news room, board room,fitness center, private storage area Condominium: 281,214 ft2 / 26,126 m2 Offices: 15,000 ft2 /...
Artistry Homes Sarasota
Land Area: 412.4 acres Total Homes: 500 Area / Home: 3,042 ft2 / 283 m2 Construction Time / Home: 7 months Est. Homes / Year: Approx 70 Amenities: clubhouse, fitness center, walking trails, community park

Updates

User Updates
‘People applying for EB-5 visa to circumvent H1-B’
Abhinav Lohia, Director, South Asia and Middle East of CanAm Enterprises, in his tête-à-tête with The Pioneer shares his thoughts on range of issues related to business investment opportunity in the United States, and how CanAm has been on a roll...
Jay Peak receiver proposes settlement with Quiros as fees top $5 million
Michael Goldberg, the court-appointed receiver in the EB-5 fraud case, speaks at a 2017 Statehouse news conference with Gov. Phil Scott looking on. The Jay Peak receivership’s price tag is now topping $5 million. Michael Goldberg is seeking more...
Project Updates
Entering Palm Beach season, three federal courts wrestling with Palm House cases
The Palm House hotel-condominium project has for four years stood unfinished and padlocked in the ocean block of Royal Poinciana Way in...
AAFF II - Meres Crossing Construction Update (October 2018)
As of October 2018, de-watering of the site has completed and clearing and grading is underway at Meres Corssing. Meres Crossing (a...
The Latest EB-5 Dilemma
The Tram Haus Lodge at Jay Peak was one project invested in by foreign investors through the EB-5 program. The state-run Regional Center...
The power to__ forge a new future
Creating 17,000 jobs where an old steel mill once stood For more than 100 years, Bethlehem Steel was a core part of Maryland’s identity,...
With NY Wheel dead, what will happen to EB-5 investors?
Will members of CanAm Enterprises, an EB-5 immigrant investor program that made a $206 million investment in the NY Wheel, lose their...
New York Wheel project spins out, developers call it quits
Dive Brief: A spokesman for the New York Wheel, the Staten Island Advance reported, has announced that developers for the beleaguered...
CanAm Enterprises Statement On New York Wheel Suspension
CanAm Enterprises is disappointed that the corporate entity behind the New York Wheel project has informed it that they have decided to...
New York's Ambitious, EB-5 Funded Ferris Wheel Project Is Dead
A rendering of New York Wheel and its view of the Manhattan skyline Plans for the New York Wheel on Staten Island's waterfront, slated...
Hotel Astor shuts down after allegedly owing more than $300k
Hotel Astor and David Hart Owner David Hart says he plans to reopen with a new operator Hotel Astor is being sued by its ground lessor...
Here’s what the death of the New York Wheel could mean for Staten Island real estate
The Staten Island Wheel with Staten Island homes Borough’s residential market will likely be fine, but its commercial market could take...
New York Wheel developers abandon plans for Staten Island attraction
A giant observation wheel planned forStaten Islandwill no longer get a chance to spin, since its developers pulled the project after...
Firms Updates
SEC charges law firm with EB-5 fraud scheme
The SEC is accusing an San Jose law firm of running a fraudulent EB-5 scheme. The attorneys allegedly secured more than $10M in undisclosed commissions, the latest stain on the green card program The federal government has charged a Northern...
SEC Charges Lawyer and Her Husband in EB-5 Fraud
The Securities and Exchange Commission has charged a California-based immigration attorney and her husband in a fraudulent scheme that generated millions of dollars of undisclosed compensation from foreign investors seeking permanent U.S....
SEC Targets Immigration Lawyer in Probe of Alleged $10M Fraud
Immigration lawyer and husband made over $10 million in EB-5 commissions, SEC says Pair weren’t registered as brokers, tried to hide evidence, agency says A California immigration lawyer and her husband are at the center of an SEC investigation...
November 2018 Visa Bulletin Updates
For those in theEB-5 category,the priority date remains current for all applicants other than those born in Mainland China and Vietnam, where the cutoff for China advanced to Aug. 15, 2014 and for Vietnam to Feb. 1, 2016. For those seeking to...

Litigation Cases

Chinese Investors - limited partners of Harbourside Funding, LP, vs US Immigration Fund, LLC & Florida Regional Center & Nick Mastroianni II
UNITED STATES SECURITIES AND EXCHANGE COMMISSION vs Law Offices of Jean D. Chen & Jean D. Chen & Golden State Regional Center

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