Retired Air Force Col. Timothy Milbrath, who served as a military aide to 3 presidents, and his partner, William “Bart” Hungerford, are charged with fraud. A former White House military aide and his business partner are on trial in federal ...
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Ex-White House aide, partner on trial for immigration fraud
Oakland businessman, partners indicted in alleged $110 million cash-for-visas fraud
Tom Henderson addresses the crowd gathered at Callsocket for a grand opening on Monday, November 4, 2013. Henderson was charged Tuesday with defrauding over 200 foreign investors of $110 million under a controversial federal cash-for-visas pro...
Program that includes NY Wheel EB-5 investors touts strong track record
CanAm -- an EB-5 immigrant investor program administered by U.S Citizenship and Immigration Services -- announced that its 2,500 investor families, who are involved with 38 projects, earned a total capital repayment of $1.25 billion as of Dec....
FBI releases heavily redacted file on EB-5 subject Richard Benda
Most information whited-out but some interesting tidbits revealed The FBI recently released its heavily redacted file on the EB-5 scandal subject Richard Benda. Some of the documents have previously been released. Benda, a former Sout...
Issues faced by Hotel Indigo resort in Coachella are not unusual
Coachella is betting Hotel Indigo will bring tourists, taxes, and jobs. But first, the hotel has to weather construction delays. The delay in opening is primarily attributable to the project expanding in size and doubling in cost. We expan...
Financially troubled Hotel Astor in Miami Beach listed for sale
The ground lessee completed $9M in renovations in 2014 using EB-5 money from Brazil, China, and Venezuela The financially troubled and now-closed Hotel Astor is on the market for $12 million. The 42-room, three-story hotel at 956 Washing...
USCIS EB-5 Engagement 9/9
From: U.S. Citizenship and Immigration Services
Fed Up With Immigration Backlog, Lawyers Head to the Courts
An immigration services official stamps U.S. citizenship applications at a U.S. Citizenship and Immigration Services office. Litigation seen as only choice in wake of lengthy delays Agency says it’s using office realignment, hiring to cle...
EB5 investors set to fund Coachella venture
George Washington Immigration Group aims to provide $65 million in EB-5 financing for Glenroy Coachella LLC. The funds will be used to finance a portion of the costs of constructing Indigo Coachella, a full-service Indigo Hotel, a brand und...
Receiver has deal for Quiros’ lot that new owner would turn into dog park
Ariel Quiros is shown arriving at federal court in Burlington May 22 for his arraignment on charges pertaining to the EB-5 fraud case. Another property that belonged to the indicted former owner of Jay Peak is about to be sold, this time a...
Grassley: Changes to investor visa program are win for rural America
President Trump just issued new rules that got little attention from the mainstream media but stand to bring fresh economic opportunity to America’s rural and disadvantaged communities. It’s another example of ways, big and small, that the pre...
Visa, Revised: Why EB-5 Is Getting Pricier and Harder to Use in Big Cities
In the wake of the Great Recession, the EB-5 program — often referred to as “cash for visas” — became an easy source of financing for real estate developers who found themselves unable to borrow money from traditional lenders. But new rules re...
DHS’s Final EB-5 Regulations: What Stakeholders Need to Know
The Department of Homeland Security (DHS) has published final regulations that change some of the key features of the EB-5 Program, which takes approximately 10,000 green cards available each year for qualifying investors and their family members....
Business Plans and RFE Response
Do responses to Requests for Evidence need business plans? What if the RFE for an I-526 petition includes this dread sentence “Upon reviewing the business plan, USCIS finds that the evidence in the record does not establish that the business p...
BH3 Buys $195M Loan on Distressed NYC Skyscraper
125 Greenwich in December 2018. The real estate investment firm has taken over the defaulted mortgage on 125 Greenwich St., an 88-story luxury condo tower in Manhattan's Financial District that topped out earlier this year. Real estate ...