On Tuesday, August 25th, USCIS released a statement announcing that they would be averting a scheduled furloughing of more than 13,000 employees (70% of their workforce). The U.S. Citizenship and Immigration Services (USCIS) is a government...
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Immigration News: USCIS Averts Massive Furloughs
Jay Peak loses bid to reduce tax bill by $1 million
A view up the mountain from the Hotel Jay at Jay Peak Resort in June 2019. The management of Jay Peak ski area won’t be getting the big tax break they were seeking from local officials in the northern Vermont town where the resort is locat...
Fla. Developer Can't Dodge Chinese Investors' EB-5 Fraud Suit
Chinese investors accusing a White House of connected real estate developers of a $99.5 million EB-5 visa fraud scheme can move forward with their suit mostly intact after a Florida state judge rejected the developer's bid to strike it as a sh...
Estimated I-526 Case Processing Time Ranges for Mainland China and All Other Areas
While USCIS has continued to provide a monthly estimated time range for the Immigrant Petition by Alien Investor (I-526) at the Immigrant Investor Program Office, they have now added two more estimated time ranges: one specifically for Mainlan...
Will Coliseum’s new ownership affect Long Island Nets?
It’s official. Mikhail Prokhorov has dumped another U.S. sports asset, this time the revamped Nassau Coliseum. He’s out and the Florida investor who helped finance “The Barn’s” renovation, is in. How will that affect the Long Island Nets who’v...
Ninth Circuit Reverses SEC Disgorgement Award and Remands in First Decision Post-Liu
For the first time outside of the originating case itself, a federal appeals court was called upon to apply the principles governing disgorgement in SEC enforcement actions established by the United States Supreme Court’s high-profile decision...
Burke Mountain ski area seeks to slash town assessment by 40 percent
Burke Mountain Academy. An attorney for the management of Burke Mountain ski resort argued Monday that the town of Burke has way overvalued the property and is seeking to cut its valuation for tax purposes by $7.5 million, or about 40 perc...
CanAm Enterprises achieves industry-leading milestone by repaying $1.75 billion to 3,500 EB-5 investors
The EB-5 Visa Program was created to attract foreign investment to the US The EB-5 Program has continued to stay relevant as an economic stimulus during difficult times CanAm Enterprises (CanAm), a leading full-service financial firm spo...
Miami Businessman Pleads Guilty in Vermont Ski Fraud Case
Ariel Quiros, the former owner of Jay Peak and Burke Mountain ski resorts in northern Vermont, changed his plea to guilty on charges of conspiracy to commit wire fraud, money laundering and the concealment of material information. A Miami b...
Quiros pleads guilty to Jay Peak EB-5-related fraud, faces 8 years
Ariel Quiros listens to remarks during the groundbreaking at the proposed AnC Vermont facility in Newport in May 2015. The plant was never built and prosecutors claimed he simply used the immigrant investor proceeds earmarked for the facility ...
A Lot of People are now Choosing to Invest in the EB-5 Immigrant Investor Program
A lot of people from across the world are now choosing to become a part of the EB-5 Immigrant Investor Program to make huge money. Since the EB5 Visa offers foreign nationals a chance to obtain permanent resident status in the US, it is enjoyi...
Ninth Circuit Reverses and Remands District Court Decision on Remedies
In an unpublished decision, the U.S. Court of Appeals for the Ninth Circuit reversed a U.S. District Court for the Central District of California's decision on remedies. The Ninth Circuit remanded the case with instruction for further consider...
Burke Mountain lawyer objects to decision to set resort’s value at $18.7 million
A lawyer representing Burke Mountain is appealing a decision by the Town of Burke to set the market value of the ski resort at slightly more than $18.7 million, saying it is too high.. According to the Caledonian Record, Burlington attorney...
1,237 homes will pay extra for share of city services
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...
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...