The Manteca City Council set a new standard for bonus bucks Tuesday night of $7,500 per home. It originally was going to be the biggest subdivision ever built in Manteca with 1,650 housing units — including apartments and townhouses — at th...
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1,237 homes will pay extra for share of city services
EB-5 Eligibility Overview
A quick, easy overview of EB-5 eligibility for interested foreign nationals. First, what is EB-5? EB-5 is short for the EB-5 Program, also known as the Immigrant Investor Program. The EB-5 Program was created by Congress in 1990 as a way to...
EB-5 fraud trial moved back; Stenger’s lawyers push to grill Quiros
Bill Stenger’s defense attorney Brooks MacArthur, right, proclaims Stenger’s “overwhelming innocence” after Stenger was arraigned on charges pertaining to the EB-5 fraud case in federal court in Burlington on May 22, 2019. A trial for at l...
Foreign investors sue Harbourside developer once again
Chinese nationals say they committed their money to an investment fund run by Mastroianni without knowing about a kickback scheme. Harbourside Place developer Nick Mastroianni II has once again been sued over his investment dealings, this t...
Quiros set to enter guilty pleas Friday in EB-5 fraud case, faces up to 8 years
Ariel Quiros, center, leaves federal court in Burlington after being arraigned on charges pertaining to the EB-5 fraud case on Wednesday, May 22, 2019. Jay Peak’s former owner and the accused mastermind of massive investor fraud in Vermont’...
USCIS To Adjust EB-5 Program Filing Fees
Effective October 2, 2020, USCIS will adjust most of their immigration request fees. Here’s how that affects EB-5 Program filing fees. In a news statement released by USCIS, this adjustment comes after a biennial fee review that determined ...
Your route to living the American Dream
“In our quest to assist our clients in making the right decisions in securing an alternate future in these trying times, we have made it our business to team up with the best and most trusted service providers. It is of the utmost importance t...
EB-5 investors to Related Companies
Related’s Stephen Ross and Jeff Blau with Hudson Yards A group of Chinese EB-5 investors is pushing Related Companies to open its books after the developer halted payments in June because of the pandemic. A lawyer representing 30 investo...
Proposed Klausner, county settlement set for hearing in fed court
Klausner Lumber II and Halifax County have reached a settlement which will be the focus of a hearing in the United States Bankruptcy Court in Wilmington, Delaware. Halifax County Attorney Glynn Rollins confirmed this morning the settlement ...
Trump suspends immigration to the United States for 60 days
President Donald Trump at a recent press conference on the coronavirus crisis. United States President Donald Trump signed an executive order suspending immigrants from entering the United States. The suspension will last 60 days, but could...
Feds Clarify Eligibility Rules for EB-5 Immigrant Investors
USCIS guidance affects further deployment of capital Guidance follows new rule to boost investment amounts U.S. Citizenship and Immigration Services issued new policy guidance intended to clarify eligibility requirements when immigrant inve...
United States trade bodies file lawsuit against proclamation suspending new non-immigrant visas
Five top trade bodies, including the US Chamber of Commerce and National Association of Manufacturers, have filed a lawsuit challenging the presidential proclamation suspending for the rest of the year new non-immigrant visas that include the ...
Sharp Increase In I-526 Petition Processing Times
The EB-5 Program processing time for the I-526 Immigrant Petition by Alien Entrepreneur increased sharply at the Immigrant Investor Program Office (IPO). The latest estimated time range for the I-526 petition is listed as 46 months to 74.5 ...
An Obscure Program Shows How FinTech Can Fight Stimulus Fraud
Sen Chuck Grassley provided a scathing review of the federal government’s EB-5 immigrant financier program and the capacity for fraud when the Senate passed a costs in 2015 reforming the three-decade-old program. The cash from foreign finan...
Processing Time Report Update
I’ve been a bit overwhelmed by all the nonsense and potential disaster available to write about. USCIS may or may not be about to start staff furloughs next month as the agency, administration, House, and Senate busily blame each other over fu...