Time is running out for South Africans wanting to take advantage of the “Rolls Royce” immigration option – the EB-5 Investor Green Card. The EB-5 program’s minimum investment amount is set to nearly double on November 21st to $900,000. Howe...
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Two more EB-5 fraud defendants want federal trial moved
Two more defendants in a multimillion-dollar fraud case in northern Vermont are asking that their trials be moved out of state. In motions filed in U.S. District Court in Burlington on Tuesday and Wednesday, William Kelley and William Steng...
Deadline Looming To Benefit From Lower Investment Amount For US EB-5 Programme Green Card
Time is running out for those who wish to take advantage of the current, lower investment threshold for foreigners to access a US Green Card through the Immigrant Investor EB-5 Programme. As from 21 November 2019, this amount increases from...
EB-5 investors rush in ahead of looming rules change
Investors are targeting EB-5 projects before new rules kick in late next month Beginning late next month, the minimum required investment amount for projects will be doubled Alejandro Navia had been getting just a handful of calls each ...
The EB-5 Regional Center Program is extended through November 21, 2019, CMB Regional Centers Reports
The EB-5 Regional Center Program, which was due to sunset (expire) on September 30, 2019, is now extended through November 21, 2019. As of yesterday, September 28, a Continuing Resolution was passed by Congress and signed by the President to n...
Developer in Front Royal embezzlement scandal claims he was unwitting participant
Jennifer R. McDonald, left, then-executive director of the Front Royal-Warren County Economic Development Authority, and then-Warren County Sheriff Danny McEathron, right, stand in March on this parcel of land that was said to be the site of a...
Receiver ‘hopeful’ for Jay Peak sale in 2020, but warns of ‘significant loss’ for investors
A view up the mountain from the Hotel Jay at Jay Peak Resort this past summer. The court-appointed receiver overseeing the sale of Jay Peak Resort as it emerges from an investor fraud scandal says he’s “hopeful” a buyer will be found by su...
Pretty road for the moment; take it easy, Bernie
Drifting into this year’s fourth quarter with a pile of summer ODDservations. Well, this is the month to celebrate the completion of the Road to Stowe, a fantastic Route 100 upgrade from I-89 Exit 10 right through the town center on the com...
Houston Mayor Sylvester Turner Visits Houston EB5’s Latest Project, The Allen
The project is a high-end, multi-use development which will include multiple luxury residences, hotels, and other amenities. Houston EB5 is pleased to announce Houston Mayor, Sylvester Turner, visited the company’s latest project, The Allen...
EB-5 fund directs another $30M to One Willoughby
CanAm Enterprises has closed an additional $30 million of EB-5 capital for the ongoing construction of the One Willoughby Square office tower in Downtown Brooklyn. CanAm previously funded $60 million of EB-5 capital during Phase One of the ...
Quiros files to move case out of Vermont, cites ‘inflammatory’ coverage
Ariel Quiros, center, arrives outside federal court in Burlington with his legal team for his arraignment on charges pertaining to the EB-5 fraud case on May 22. Aman described by prosecutors as the mastermind of a fraud scheme that bilked...
A scandal in Front Royal highlights the EB-5 investor visa program’s flaws
The Front Royal-Warren County Economic Development Authority in Front Royal, Va., on Aug. 16. BEST KNOWN to Washingtonians as the northern gateway to Shenandoah National Park, rural Front Royal, Va., has been making news lately for big-city...
Vermont Regional Center to appeal closure by USCIS
Vermont Business Magazine In a statement issued today, the Vermont Regional Center (VRC) will pursue a motion for reconsideration with the United States Citizenship and Immigration Services (USCIS) regarding its September 25, 2019 decision aff...
Charter School Construction Now Commencing in Parkland
2018 rendering of Somerset Parkland Academy. The cows who once roamed the property located at the intersection of University Drive and Hillsboro Boulevard are no longer grazing, as the land is now being prepared for a new charter school. ...
State presses to keep EB-5 center open despite blistering rebukes by feds
Mike Pieciak, commissioner of the Department of Financial Regulation. he state is calling on a federal agency to reconsider its decision last month to shutter the scandal-plagued Vermont EB-5 Regional Center. But, the state isn’t very ho...