Gov. Peter Shumlin answer questions at a news conference in Jay, Vt., on April 27, 2016, as attorney Michael Goldberg listens. Goldberg has been appointed by a federal court in Miami to resolve an alleged $200 million "Ponzi-like" scheme invol...
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Shumlin, in court filing, rebuts ‘dirty hands’ claim in Jay Peak case
Diffuse the Obama-era EB-5 Immigrant Investor time bomb
President Donald Trump’s advisers have an opportunity to protect him from a time bomb set to go off soon, and they can benefit the U.S. economy at the same time. All they must do is put a stop to an Obama-era regulation that would undermine th...
reauthorization or shutdown, indebtedness, visa numbers, litigation
The EB-5 Immigrant Investor Regional Center Program expired at the end of the day on Dec. 21, 2018, due to a lapse in congressional authorization to continue the program. All regional center applications and individual petitions are affected. ...
Shumlin, in court filing, rebuts ‘dirty hands’ claim in Jay Peak case
Ariel Quiros, left, whispers to Gov. Peter Shumlin at a press conference at Jay Peak Resort. Former Gov. Peter Shumlin, who is among a handful of a state officials resisting being grilled by attorneys for EB-investors, has submitted a court...
Diffuse the Obama-Era EB-5 Immigrant Investor Time Bomb
President Trump’s advisers have an opportunity to protect him from a time bomb set to go off soon, and they can benefit the U.S. economy at the same time. All they must do is put a stop to an Obama-era regulation that would undermine the job-c...
South Bay pair gamed EB-5 visa program for millions in profit from wealthy investors, feds say
Construction is underway on the Mission Hills Square development in Fremont. The housing and retail project was one piece of a fraudulent scheme by two South Bay residents to profit off of an immigration program that provides a path to citizen...
‘Our country is full’: Donald Trump says migrants are straining US system as he visits border wall
‘It’s a colossal surge, and it’s overwhelming our immigration system. We can’t take you anymore’ US President Donald Trump visits a refurbished section of the border wall with Mexico in Calexico, California, on Friday. Photo: AP Declaring ...
End Obama's midnight regulation attacking merit-based immigration
The rancor in Washington over how to deal with illegal immigration is understandable given conflicting attitudes about labor markets, rule of law, crime, and other issues. What’s harder to understand, though, is why anyone would object to meri...
EB-5 investors claim fraud as South Florida property faces $8M foreclosure
A $7.71 million foreclosure lawsuit aims to seize an office condo building in Royal Palm Beach. A group of EB-5 investors, however, are fighting to trump the bank’s interest in the property. Centennial Bank filed the foreclosure lawsuit Oct...
EB-5 Visa Demand Slows in Early 2019; Launching Vietnam Forward and Calling Into Question Whether India Retrogression Will Take Effect This Fiscal Year
Last fall, we covered perhaps the most important EB-5 development of the year, DOS’ Chief of the Visa Control and Reporting Division Charles “Charlie” Oppenheim’s projections for various countries’ EB-5 visa backlog times, based on an October ...
U.S. Immigration Fund tops out 125 Greenwich; Developed by Bizzi & Partners and Vector Group and designed by Vinoly
Manhattan, NY In the Financial district, 125 Greenwich, a new skyline addition is swiftly rising, according to U.S. Immigration Fund. Another milestone has been reached, as 125 Greenwich topped out at 88 stories and 912 ft. The topping off cer...
$318 Million Repaid to EB-5 Investors in New York City Regional Center Offerings
The New York City Regional Center (“NYCRC”) is pleased to announce that a total of $318 million in loan proceeds has now been repaid to EB-5 investors in previous NYCRC offerings. The resulting job creation from these previous offerings enabl...
Judge tosses proposed class-action EB-5 suit against People’s Bank, for now
A federal judge has thrown out a proposed class-action lawsuit brought by a group of EB-5 investors who claimed that People’s United Bank “aided and abetted” former Jay Peak owner Ariel Quiros in an alleged scheme to defraud them. Judge Chr...
Nearly half a million pages of EB-5 fraud documents released
Vermonters can now view hundreds of thousands of documents related to the EB-5 and Jay Peak fraud. The 443,070 pages of documents released by the Vermont Department of Financial Regulation are now available online. A quarter of a million...
Buying citizenship vs. deportation: The contrasting world of immigration in Tampa Bay
On a Friday morning, many people who traveled far and wide wait inside the Tampa Immigration office, are hoping for a better life. “I’m from the Netherlands,” said Marjoke. “To live in Tampa Bay, it’s really pretty awesome!” she told us ...