Michael Goldberg, court-appointed receiver in Vermont’s EB-5 investment fraud. More than 130 EB-5 investors in a proposed $110 million biomedical research facility in Newport later deemed by regulators “nearly a complete fraud” have a choi...
Featured Commentary
Recent Commentary
Receiver’s offer to AnC Bio investors: $500,000 refunds or ‘redeploy’ it
West Lake gets its fill
West Lake is Mount Snow's new snowmaking pond. Resort officials at Mount Snow say the new snowmaking system is the biggest in the East. "Snowmaking is all about how much you can get uphill," said Jamie Storrs, communications manager at ...
ProPublica spotlights VTDigger’s EB-5 reporting
ProPublica, the national investigative news outlet, produces the Breakthrough, a podcast where investigative reporters talk about their biggest stories. On Friday, VTDigger’s Anne Galloway joined the show to discuss her investigation into the ...
Skyland developers ask D.C. for another one-year extension
Councilman Vincent Gray, D-Ward 7, at the Skyland site this summer. The flattened field at the proposed Skyland Town Center in D.C. will remain fallow for a while longer. Developers WC Smith and Rappaport have asked the D.C. Zoning Commi...
USCIS Ombudsman: China EB-5 Backlog May Be 10 Years
In case you missed it, the USCIS Ombudsman Annual Report, 2017, reveals some astounding information about EB-5 China backlogs: recent applicants may face waits of 10 years or longer to immigrate: “The EB-5 program continues to attract high ...
The EB-5 Visa Program: Balancing Risk and Opportunity
For a quarter-century, the EB-5 visa program has helped finance economic development projects across America, sparking job growth and business investment in cities, suburbs and rural regions throughout the U.S.—all at no cost to the taxpayer. ...
EB-5 visa Your child’s best option in lieu of the Raise Act endorsed by President Trump
This week, U.S. President Donald Trump endorsed a bill (a revised version of the RAISE Act) that seeks to reduce levels of legal immigration to the United States by 50%. The legislation would cut the number of green cards issued annually in ha...
Fired legal team presses for $3M payment for defending Quiros
Ariel Quiros at a groundbreaking in Newport in May 2015. Former attorneys for Jay Peak owner Ariel Quiros are renewing their push to get paid more than $3 million in legal fees they racked up defending the developer from investor fraud all...
Delshah raises $52M in Tel Aviv for $250M Morningside Heights project
30 Morningside Drive and Michael Shah Firm plans to convert five-building complex into 205 upscale rentals Israeli road show veteran Micheal Shah raised $52 million in a bond issuance on the Tel Aviv Stock Exchange to finance a $250 mill...
NY Wheel foreign investors could be denied green cards
New York Wheel: Limited construction continues If the New York Wheel never comes to fruition, foreign investors who put up $206 million for the project will be denied their green cards. The $580 million project -- funded by a conglomerat...
Judge quashes whistleblower deposition in EB-5 investor case against state
A judge has ruled that, for now, defrauded EB-5 investors in a class action lawsuit against the state cannot take the deposition of a key whistleblower in the case. Lamoille County Superior Court Judge Thomas Carlson quashed the plaintiffs’...
Visa program offers promise to the poor — then breaks it
The $900 million Echelon Seaport project on Seaport Boulevard will feature luxury condos and apartments. Above: the site in May. It was the type of celebration that’s become commonplace in the Seaport District. Investors, developers, and...
Authorities looking into Kushner Cos. use of visa program, sources say
Jared Kushner (left) and Joshua Kushner. Federal prosecutors are investigating the real estate firm owned by the family of Jared Kushner, President Donald Trump's son-in-law and senior adviser. That's according to The New York Times, cit...
Rags-to-riches: Bellevue developer who conned hundreds gets 4 years in prison
Developer Lobsang Dargey was sentenced Friday for conspiracy to commit wire fraud and concealing information from the federal government, charges that stemmed from his diversion of millions of dollars gathered from some 280 Chinese investors w...
USIF announces launch of India-based operations
Upbeat about India's potential, the United States Immigration Fund (USIF), the largest EB-5 fund raiser in the world, has announced the launch of its country based operations. USIF has funded 24 projects worth 15 billion US dollars in developm...