A Chicago woman named Xuejun Zoe Makhsous has amended her federal lawsuit against the U.S. Immigration Fund, alleging that one of the biggest EB-5 regional centers paid kickbacks to a company to exclusively steer investors its way, unbeknownst...
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Lawsuit Alleges That Major EB-5 Funder USIF Paid Kickbacks
This immigration measure is the right move for a post-pandemic economic recovery
Despite the talk of expanding the EB-5 immigrant investor program in Congress’ $2.4 trillion stimulus efforts, nothing further has progressed, as the initial financial response to the Covid-19 pandemic had to prioritize our most pressing publi...
Judge finds Quiros ‘significantly in arrears’ in legal fees, releases attorney from case
A federal judge has allowed Seth Levine, left, to withdraw as attorney to Ariel Quiros, center, who here is seen arriving outside federal court in Burlington for his arraignment on charges pertaining to the EB-5 fraud case on May 22, 2019. At ...
USCIS Updated I-526 Petition Processing Times Reveal…
The latest I-526 Petition processing times at the Immigrant Investor Program Office show slightly faster processing times. The updated processing time range for the Immigrant Petition by Alien Entrepreneur (I-526) is: 29.5 months – 44.5 mon...
Taxpayers may fund Quiros’ defense as current legal team moves to exit fraud case
Ariel Quiros, center, arrives outside federal court in Burlington for his arraignment on charges pertaining to the EB-5 fraud case on May 22, 2019. His attorney Seth Levine, who is now requesting to be released from representing Quiros, is at ...
Criteria to Consider Before Selecting an EB-5 Project Investment
Here are a few important criteria to consider when conducting due diligence and selecting an EB-5 project investment. Developer and Regional Center Reputation and Track Records How much experience with the EB-5 Program do the project dev...
Ari Quiros Has Lawyer Problems
New York Defense Attorney Wants Off The Case, Vermont Counsel May Follow Former Jay Peak owner and EB-5 developer Ariel Quiros has lawyer problems. Quiros has pleaded not guilty in U.S. District Court to multiple criminal charges related...
How to Prevent EB-5 Numbers from Being Lost Forever
Headline: Demand for EB-5 visas from qualified job creating investors far exceeds the congressional limit of approximately 10,000 immigrant visas per year (including family), resulting in lengthy quota backlogs for most EB-5 investors, and up...
Updated Historical National Average Processing Times for the I-526 Petition
The historical national average processing time for the I-526 petition on the USCIS page has been updated to include up to February 29, 2020. The new historical national processing time for the I-526 petition is 12.9 months for fiscal year...
USCIS Extends Temporary Closures To June 4: What It Means For EB-5
USCIS has extended its temporary office closures to June 4, 2020. Here’s what that means and how it may affect EB-5 Program investors. They have suspended all services that require in-person interaction, but have continued to perform duties...
Shielded From Green Card Ban, EB-5 Investors Still At Risk
Foreign investors were exempted from President Donald Trump's recent green card ban, but as the coronavirus pandemic shutters businesses, those would-be immigrants could soon be at risk of losing their money — or their green card eligibility —...
New Jersey City University Project Approved for EB-5 Funding
PRC Group is developing two residential buildings, University Place Apartments and the Carbon Place Apartments, along with the connected retail space. Federal immigration officials have signed off on $22.5 million in foreign loans to suppor...
EB-5 Visas Benefiting China's Elite 'Should Be Last Priority' During Coronavirus Crisis
Issuing EB-5 investor visas, which primarily benefit Chinese nationals, “should be the last priority” of the United States federal government in the midst of the Chinese coronavirus crisis, Center for Immigration Studies Director of Policy Jes...
May 2020 Visa Bulletin Shows Significant Advancement
The Department of State (DOS) May 2020 Visa Bulletin shows major advancements for some employment-based categories. Most notably, the final action date for EB-1 “all other” countries are current for the first time since July 2018. Also jumping...
China's legal immigration system continues to favor China
The US legal immigration system, which admits about 1.2 million permanent foreign residents a year, continues to favor China greatly despite national security problems. No country in the world delivers more legal immigrants to the United St...