BY: EB-5 DAILY As the H-1B visa program faces future uncertainty, especially under the Trump administration, many H-1B visa holders are turning to the EB-5 Program as a shorter alternative pathway to U.S. citizenship. The H-1B visa program h...
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H-1B Visa Holders Are Now Applying For EB-5 — Here’s Why…
Could saving DACA cost the United States billions of dollars in foreign investment?
Hundreds took to the street of downtown Santa Ana to protest the removal of DACA on Sept. 5, 2017 in Santa Ana, Calif. The measures demanded by President Donald Trump to save the young immigrants protected by the Deferred Action for Childh...
Vermont attorney general asks judge to dismiss EB-5 lawsuit against state officials
Attorney General TJ Donovan. The Vermont attorney general’s office is asking a judge to toss out a lawsuit that alleges the state was complicit in a scheme to defraud EB-5 investors. In a 100-page filing this week, attorneys for the stat...
“The Cold Never Bothered Me Anyway!” SEC Again Uses Its Power To Freeze An Alleged EB-5 Scam
Like Elsa, the Princess in Disney’s classic Frozen, once again the Securities and Exchange Commission (SEC) has utilized its power to freeze. In this case, the freezing of assets. In what has become an increasingly common tactic, the SEC succe...
Massive Tacoma development, with apartments and retail, is actually happening
The wait is over. Thursday will be the official groundbreaking for Tacoma’s Town Center. The launch of the $125 million project comes not long after the groundbreaking of an $85 million convention center hotel project nearby. The Town Ce...
Vermont tries to block lawsuit over EB-5 oversight
Investors are suing the state of Vermont for what they call failed oversight, collusion with Jay Peak Resort management and an eventual cover-up by officials who were supposed to keep tabs on a the EB-5 project. The state denies wrongdoing. ...
Indio Fashion Mall 'lies fallow' while owners battle with investors
Coachella Valley home prices rose every month in the first half of 2017. About 70 percent of the Indio Fashion Mall's storefronts are shuttered. Its two anchor tenants left years ago. Pop music rings through the brick behemoth of a buildin...
CanAm Enterprises Reaches Another EB-5 Industry-Leading Milestone – More Than 6,000 Permanent Green Cards Granted
More than 2,000 CanAm investors have had their received I-829 petitions approved by USCIS. We really appreciate what you have done for us over the past years. With your help, we have successfully become permanent residents of United States ...
Citizenship is hard to come by for skilled immigrants who create jobs
Immigration attorney to challenge in court the unlawful and arbitrary 10-year permanent residency regulation Almost seven years ago, I arrived in SA as a 24-year-old unemployed university graduate from Israel and the US. I had met my then S...
De Pere businessman reaches plea deal in bank fraud case
A De Pere businessman who defrauded a local bank has reached a plea agreement with federal prosecutors. A federal grand jury indicted Ron Van Den Heuvel on 19 counts, alleging that he took part in a scheme to defraud Horicon Bank. As part o...
Chinese government denies providing funds for Ypsilanti officials' China trip
A rendering of the proposed International Village. The Chinese Consulate in Chicago is denying that it was the funding source for a controversial trip to China for four city of Ypsilanti officials. "We hereby clarify that the Chinese Co...
State must face up to failures in EB-5 scandal
Gov. Phil Scott should appoint a special prosecutor for the EB-5 fraud in the Northeast Kingdom involving Jay Peak and projects in Newport. Federal investigators and the court system are already going after the owners/developer at Jay Peak,...
Prime Opportunity to Redevelop Tacoma’s Old City Hall, Get Some Green Cards
Seattle is not the only Northwest city reaping the benefits of foreign investment. Tacoma, our neighbor to the south, is notably receiving foreign capital from Asia. Perhaps Tacoma’s Old City Hall is ripe for similar foreign investment. For...
Three Ways Trump’s Immigration Plan Could Affect the CRE Industry
NREI interviewed several real estate experts on the implications of the policy. President Donald Trump campaigned on the promise of reforming U.S. immigration policy. Last month, he announced his support for legislation, sponsored by Repub...
State to USCIS: Don’t shutter EB-5 center just yet
Mike Pieciak, commissioner of the Department of Financial Regulation. Vermont officials are asking the federal government to reconsider a decision to immediately shutter the state-run EB-5 regional center. The Department of Financial Reg...