After months of delays in securing its EB-5 funding, Mount Snow is finally moving ahead with a $52 million upgrade. Company officials broke ground this week on a $22 million ski lodge project, and heavy machinery is also on site for a $30 m...
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With EB-5 Funding, Mount Snow Starts A $52 Million Expansion
Mount Snow 'finally' starts new lodge construction
A new 38,000-square-foot base lodge is officially becoming part of the landscape at Mount Snow's all terrain-park face Carinthia. "This day has finally come," said Dick Deutsch, president of Mount Snow and vice president of business and rea...
Members of Congress Probing Potential EB-5 Related Securities Fraud by Kushner Companies
Members of Congress from both parties are investigating whether Kushner Companies’ EB-5 fundraising activities constitute securities fraud. As has been widely reported, Kushner Companies recently put on a roadshow to market to Chinese inves...
FINRA Panel Bars Rep. In $100M EB-5 Dispute
The Financial Industry Regulatory Authority said Wednesday that a hearing panel had barred a California-based representative for taking part in securities transactions, having found that he sold $100 million worth of EB-5 investments but didn’...
Lawmakers Probe Kushner Cos. Over EB-5 Dealings
Three prominent Democratic lawmakers pressed the Kushner Companies on Thursday for more details about the corporation’s dealings with the EB-5 investor program, citing reports that President Donald Trump’s extended family members may be attemp...
Kushners hunting hard for a loan to pay back Chinese investors
The Kushner family real estate company is seeking a $250 million loan to pay back Chinese investors in a New Jersey luxury tower but finding some major U.S. banks wary of the controversies around its White House links and the visa program used...
After Gear Up, EB-5 scandals, lawmakers look for transparency in tracking funds
Opening up reports about groups that administer state and federal funds could help avert scandals like Gear Up and EB-5, lawmakers said Tuesday. Sen. Deb Peters, R-Hartford, said she'd like to bring legislation in 2018 that would require pr...
Kushner and the trumps have given hundreds of thousands of dollars
Trump's Paris withdrawal puts Bannon in front row The probes have come increasingly close to Trump's inner circle, with investigators requesting documents from Trump's campaign associates and the President's son-in-law Jared Kushner under s...
Quiros battle rages 2 million attorneys fees
Ariel Quiros at a groundbreaking for a project in Vermont in May 2015. The owner of Jay Peak ski resort facing investor fraud allegations is engaged in an increasingly bitter dispute with his former attorneys over more than $2 million in l...
Kushner used incentives meant for poor neighborhoods to build luxury tower in N.J.
Jared Kushner, President Donald Trump's son-in-law and senior advisor, took advantage of a federal program aimed at helping low-income communities to build a 50-story luxe residential tower in a wealthy neighborhood in New Jersey. According...
Getting Ready for Change in the EB-5 Ecosystem
As we head into the summer, there is no certainty that we will see changes to the EB-5 Program. Lawmakers may simply not act, which may result in EB-5 being included in Continuing Resolutions alongside other immigration programs that are tempo...
Golden Opportunity Regional Center Selects NES Financial EB-5 Third-Party Administration for Latest Project - Grover Beach Resort
NES Financial announced today that it has been selected by Golden Opportunity Regional Center to provide its institutional quality EB-5 administration solution for the Regional Center's latest project, Grover Beach Resort, in Grover Beach, Cal...
Dem lawmakers press Kushner Companies on use of visa program
Three Democratic lawmakers are seeking answers from the real estate company owned by the family of President Trump's son-in-law and senior adviser Jared Kushner over its use of a program designed to help to foreign investors obtain U.S. visas....
Jared Kushner's Uncle Used Trump To Sell Real Estate
Murray Kushner, the uncle of President Donald Trump’s son-in-law and senior adviser Jared Kushner, has reportedly used Trump's status as president to pitch real estate to Chinese investors. According to Bloomberg Politics, Murray’s KRE Grou...
Jared Kushner built luxury condos using real estate grants meant for poor communities: report
Among the flurry of articles surrounding President Donald Trump’s adviser and son-in-law Jared Kushner, one of the less headline-grabbing stories centers on some of Kushner’s more unsavory business practices at the helm of his family’s real es...