Jay Peak, Vermont ski resort Federal prosecutors referred to a previously undisclosed investigation in a motion to stay the malpractice case against a Los Angeles firm and New York partner. Federal prosecutors asked a Miami judge Thursda...
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Feds to Miami Judge: Legal Malpractice Case Could Interfere With Jay Peak Grand Jury Probe
Updated EB5 Green Card Processing Times For December 2019
Here are the latest EB5 green card processing times for the I-526 Petition, the I-485 Application, and the I-829 Petition. I-526 Petition Processing Times: The updated processing time for the Immigrant Petition by Alien Entrepreneur (For...
Time for Candidates to Rethink the Updated EB-5 Rules?
“You have rights from the beginning and it's important that independent, competent, and knowledgeable attorneys review all of your paperwork.” Recently, the EB-5 Investor Visa Program was updated to reflect new rules that raise the minimum ...
Immigrant Investors Lose Bid to Take McAuliffe to High Court
Former Virginia Governor Terry McAuliffe speaks during the North American Building Trades Unions Conference at the Washington Hilton April 10, 2019 in Washington. Chinese investors won’t get a chance to revive their suit accusing former Vir...
Quiros’ ex-legal team slams Jay Peak receiver for ‘avarice’ in $260M suit
Former attorneys for the alleged mastermind of a multi-million dollar fraud scheme in northern Vermont say a lawsuit accusing them of allowing their client to bilk hundred of investors is driven by “avarice.” Jay Peak receiver Michael Goldb...
‘Parole’ Bill Doubles Down on Cash-for-Visas Racket
Just in time for Christmas, Congress is cooking up a bill to “parole in” 73,000 foreign nationals awaiting green cards. The legislation — nullifying or watering down new regulations designed to rein in America’s scandal-plagued EB-5 investo...
EB-5 Visas for $900K Investment Is Still Crazy Good Deal, Here’s Why…
The EB-5 visa is highly sought after for a number of reasons including: It’s a family-sized package of green cards. The rate for EB-5 visas may have increased to $900,000, but it includes green cards for the principal investor, their spo...
House passes bill opening backdoor immigration route for wealthy chinese
Rep. David Cicilline (D-RI) portrayed the bill as a boost to trade between the United States and Portugal. But the bill allows wealthy Chinese to get into the United States after first buying Portuguese citizenship. The House quietly passed...
Jay Peak receiver claims pre-Quiros owners aided and abetted fraud, wants attorneys deposed
Receiver Michael Goldberg is seeking to depose the attorneys of Mont Saint-Sauveur International; Goldberg claims MSSI illegally accepted $18 million in EB-5 investor funds from buyer Ariel Quiros, the man behind the biggest EB-5 fraud ever. G...
Mandamus Lawsuits on Delayed EB-5 Adjudications
Writ of mandamus lawsuits against U.S. Citizenship and Immigration Services (“USCIS”) are en vogue, and for good reason: as of December 2, 2019, the estimated time range to process a Form I-526 petition has skyrocketed from 31.5 months to 52 m...
EB5 Industry 2019 - Where Are We Now?
Saul Ewing Arnstein and Lehr LLP has been extremely active in navigating the current status of the EB5 industry and determining what courses of action need to be taken given the existence of the new regulations ("New Regulations" or "REGS"), t...
Lawsuit seeks to halt new EB-5 regulations
The lawsuit argues the increased amounts will deter foreign investors from the program In a case with far-reaching implications, an EB-5 regional center claims the new rules that are designed to clamp down on abuse violate the Constitution...
Lucky Dragon’s foreign investors demand refund
The Lucky Dragon located at 300 W. Sahara Avenue in Las Vegas on Tuesday, Sept. 18, 2018. Richard Brian Las Vegas Review-Journal Lucky Dragon, which closed last year and filed for bankruptcy, is expected to reopen fully by the fall under a new...
Defendant Blasts Akerman Receiver’s $260M Legal Malpractice Lawsuit
Jay Peak, Vermont ski resort Levine Kellogg is facing off against Gunster in the lawsuit tied to fraud at Vermont's Jay Peak ski resort. A law firm facing a legal malpractice claim tied to EB-5 visa fraud at a Vermont ski resort accused ...
Glenn Straub loses appeal on Palm House sale
Glenn Straub and the Palm House Hotel The creditors of the Palm Beach condo-hotel project that was once at the center of South Florida’s largest EB-5 fraud case may be one step closer to getting paid. A federal appeals court denied an ap...