Investors can sue for being misled Vermont’s highest court has reversed a decision in an EB-5 investor lawsuit against the state commerce agency. The state Supreme Court decision issued Friday allows investors to proceed with claims of ...
Featured Commentary
Recent Commentary
Vt. Supreme Court deals blow to state in EB-5 suit
Vermont officials still working with defrauded EB-5 investors
The Vermont financial regulation commissioner says the state is still working with foreign investors defrauded in the Kingdom Con scandal. The Vermont Supreme Court ruled last week that the lawsuit against the state brought by the group of ...
Wealthy Parents Planning To Invest In The EB5 Visa Program For Their Children’s Future
Wealthy parents from around the globe are planning, years in advance, to invest in the EB5 visa program for their children’s future. Compared to other visa programs such as the F-1 visa or the H-1B visa, the EB5 visa program can offer forei...
EFCC arraigns American for defrauding Nigerians
The Economic and Financial Crimes Commission (EFCC) yesterday re- arraigned an American, Marco Ramirez, at the Special Offences Court, Ikeja, Lagos for allegedly defrauding Nigerians in a green card scam. EFCC alleged that Ramirez was a ser...
For US entry, the rich prefer EB5 over H-1B visa
It's easier to get green card if you go for EB5 visa; more Indians are going for it now Two years after Chennai-based Krish Iyer’s (name changed on request) twin sons went to the US for their higher education, they were ambivalent about mov...
Supreme Court allows investors to sue state over Jay Peak
The Vermont Supreme Court ruled Friday to allow a group of foreign investors to seek negligence and breach of contract claims against the state for allegedly failing to provide sufficient oversight of projects at the Jay Peak ski resort that a...
Steel mill owned in part by mayor’s son wins $4.9 million subsidy, no questions asked
Backers of a planned “micro” steel mill powered by electricity near Homestead: Gustavo Lopez, left, Julio Gimenez, center, and Leroy Jones, right, ahead of a May 7, 2019 vote by the County Commission approved a $17 million sale of county land ...
Vermont’s appeal over visa center at heart of EB-5 fraud denied
The federal government has upheld an earlier decision to close the Vermont Regional Center, citing the allegations of “massive” fraud at the Jay Peak ski resort and a lack of evidence that the state’s immigrant investor program promotes econom...
US stands by decision to end Vermont’s immigrant investor program
Allegations of fraud at Jay Peak Resort in Vermont figured in the US government’s decision to close the state’s immigrant investor program. The federal government has upheld an earlier decision to close Vermont’s immigrant investor program,...
50 Days Left To Apply At The $500,000 EB-5 Visa Rate
In the latest EB-5 news, on Friday, President Trump signed the Continuing Resolution extending the EB-5 Regional Center Program through November 21, the same day the EB-5 Modernization Regulation takes effect. This means interested individuals...
Homeland Security rejects Vermont's attempt to reopen EB-5 Center
The feds are rejecting Vermont's attempt to reopen the state's EB-5 Center. The EB-5 program allows foreigners to invest in a development project in exchange for green cards and being put on a fast track for citizenship. In 1997, Vermont...
Grassley & Leahy introduce EB-5 Reform and Integrity Act to increase security, curb fraud, and extend program 5 years
The two senators have introduced an EB-5 reform bill to increase Department of Homeland Security (DHS) control over EB-5. With fees from both regional centers and investors, it would give DHS authority to perform audits, make site inspections,...
Virginia town dreamt of renewal, partly with EB-5 money: now $21 million gone, 14 officials implicated, and sheriff dead by suicide
The quiet Washington town of Front Royal pinned hopes of a redevelopment project on a promise of $40 million of EB-5 money and $140 million from a supposed federal contract. A civil lawsuit claims that the lead players had no intention of buil...
EB-5 Visa Interest In Nigeria Is Growing
Interest in the EB-5 visa appears to be growing in Nigeria. According to the Report of the Visa Office, 97 Nigerians were issued EB-5 visas in FY 2018, the highest number of EB-5 visas issued for any African country that fiscal year. Nin...
Which Past Will Be Prologue for Opportunity Zones in Atlanta?
The first “Chief Opportunity Zone Officer” in the city of Atlanta, above, brings EB-5 experience to the job. Destiny came calling for Ed Smith. Hired this summer at Invest Atlanta, the city’s economic development authority, Smith is the...