Foreign donors are investing billions of dollars in U.S. charter schools in exchange for EB-5 visas through a federal program administered by the U.S. Department of Homeland Security. There are approximately 3 million children enrolled in c...
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Foreign donors investing billions in charter schools in return for visas
EB-5: Status Update
For the past 4 weeks, the EB-5 industry has been anxiously awaiting the status of the pending complaint filed in the United States District Court in the District of Columbia by a Florida regional center against USCIS and other related parties ...
A Christmas Present for the Economy
Nothing significant is going to happen this year on most issues. Both conservative Republicans and progressive Democrats support changing the status quo, yet they have radically different solutions on almost every issue. It is not a stretch to...
Political connections taint EB-5 criminal case, defense attorney says
Ariel Quiros arrives outside federal court in Burlington for his arraignment on charges pertaining to the EB-5 fraud case on Wednesday, May 22, 2019. Lawyers for the developers of AnC Bio Vermont, a $110 million biomedical center in Newpor...
Lawsuit alleging kickback scheme set to be first EB-5 case to go to trial
The Hotel Jay and Conference Center at Jay Peak Resort. A lawsuit alleging a “kickback” scheme involving an attorney who brought foreign investors and their money to Jay Peak projects may be the first to make it to trial in a years-long sc...
Kingdom Con defendants want trial moved; point to news coverage
Defendants in a multimillion-dollar fraud case in Northern Vermont want a federal judge to change where their trial will be held. They claim news coverage of the EB-5 scandal has tainted the jury pool. Our Calvin Cutler was in federal court...
New EB-5 program regs face federal lawsuit; Schumer cosponsors pending reform bill
Federal regulations that went into effect on Nov. 21 for the EB-5 Immigrant Investor Program are already being challenged in federal court, just as one of New York’s most-influential federal legislator's signs on to a proposal that some say do...
Indictments and the closing of the state EB-5 program.
VTDigger exposed the fraud at Jay Peak Resort five years ago, and but for our reporting the developers likely would have continued looting foreign investors. In May, indictments were handed down in a dramatic hearing in U.S. Federal Court. ...
San Gabriel Valley raids target scammers who helped wealthy Chinese get U.S. visas, feds say
After years of sleuthing, federal agents Wednesday raided San Gabriel Valley homes and an office that investigators have linked to an alleged multimillion-dollar immigration and finance scam that allowed wealthy Chinese investors to obtain U.S...
EB-5 Visa Program Requirements For I-526 Petition Approval
Here is what interested investors need to know about the EB-5 Visa Program requirements for receiving I-526 Petition approval. The I-526 Immigrant Petition by Alien Entrepreneur is the first EB-5 application a foreign national files to USCI...
Prosecutors say Jay Peak receiver’s $260M suit could impede grand jury probe
Jay Peak Resort on Friday, June 7, 2019. Federal prosecutors say a lawsuit against the former legal team of the alleged mastermind of an investor fraud scheme in northern Vermont could hinder their ongoing criminal probe Prosecutors are...
Feds to Miami Judge: Legal Malpractice Case Could Interfere With Jay Peak Grand Jury Probe
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...
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...