Viji Durga

Michael Goldberg, court-appointed receiver in Vermont’s EB-5 investment fraud.  More than 130 EB-5 investors in a proposed $110 million biomedical research facility in N...

West Lake is Mount Snow's new snowmaking pond. Resort officials at Mount Snow say the new snowmaking system is the biggest in the East.  "Snowmaking is all about how mu...

ProPublica, the national investigative news outlet, produces the Breakthrough, a podcast where investigative reporters talk about their biggest stories. On Friday, VTDigger’s Anne Gallowa...

Councilman Vincent Gray, D-Ward 7, at the Skyland site this summer. The flattened field at the proposed Skyland Town Center in D.C. will remain fallow for a while longer. Develo...

In case you missed it, the USCIS Ombudsman Annual Report, 2017, reveals some astounding information about EB-5 China backlogs: recent applicants may face waits of 10 years or longer t...

For a quarter-century, the EB-5 visa program has helped finance economic development projects across America, sparking job growth and business investment in cities, suburbs and rural regions th...

This week, U.S. President Donald Trump endorsed a bill (a revised version of the RAISE Act) that seeks to reduce levels of legal immigration to the United States by 50%. The legislation would c...

Ariel Quiros at a groundbreaking in Newport in May 2015.  Former attorneys for Jay Peak owner Ariel Quiros are renewing their push to get paid more than $3 million in legal fees th...

30 Morningside Drive and Michael Shah Firm plans to convert five-building complex into 205 upscale rentals Israeli road show veteran Micheal Shah raised $52 million in a bond issuanc...

New York Wheel: Limited construction continues If the New York Wheel never comes to fruition, foreign investors who put up $206 million for the project will be denied their green cards. T...

A judge has ruled that, for now, defrauded EB-5 investors in a class action lawsuit against the state cannot take the deposition of a key whistleblower in the case. Lamoille County Superior ...

The $900 million Echelon Seaport project on Seaport Boulevard will feature luxury condos and apartments. Above: the site in May. It was the type of celebration that’s become ...

Jared Kushner (left) and Joshua Kushner. Federal prosecutors are investigating the real estate firm owned by the family of Jared Kushner, President Donald Trump's son-in-law and senior a...

Developer Lobsang Dargey was sentenced Friday for conspiracy to commit wire fraud and concealing information from the federal government, charges that stemmed from his diversion of mi...

Upbeat about India's potential, the United States Immigration Fund (USIF), the largest EB-5 fund raiser in the world, has announced the launch of its country based operations. USI...

Federal prosecutors have reportedly subpoenaed Kushner Companies, the real-estate business owned by White House senior adviser Jared Kushner’s family, over its use of an investment-for-vi...

Caffe Primo on Flower Street in Downtown Los Angeles He pocketed roughly $10M from foreign investors Fans of the local food chain Caffe Primo have been fed a lot of false promises &m...

Apartments, condos, entertainment, dining and shopping are taking root at the Point Ruston mixed-use development, near Point Defiance Park. Will an ambitious Asian Pacific Cultural Ce...

Construction on these condo units at State Side at Jay Peak Resort stopped in April 2016 when the EB-5 scandal became public. Work resumed this year.  Jay Peak Resort Expands ...

Ariel Quiros will head to mediation with the SEC in December, at his attorneys' office, the two sides agreed to in federal court in recent days. SEC Continues to Try to Na...

New York Wheel, the long awaited Staten Island attraction, faces yet another major impediment. Last week, the project’s developer fired its design and construction team, Mammoet-Starneth,...

With news agog both the print and social media last week of an American who duped some Nigerians on the pretext of assisting them to acquire the EB-5 visa, I compelled myself to articulate this...

NES Financial, the leading EB-5 service provider, announced Arnstein & Lehr, LLP as an official Medallion Solution Partner. Medallion Solution Partners provide EB-5 best practi...

Lobsang Dargey, shortly after he bought the Everett Public Market building at the corner of Grand Ave and Claifornia Street, 2006. In August 2014, four Buddhist monks chanted in a dimly-lit ...

Cary Glickstein, left, answers questions from attorney Henry Handler regarding Palm House and his position as the court-appointed receiver at the Palm Beach County Courthouse Friday J...

Rendering of the New York Wheel Investors will have trouble getting green cards if project remains unfinished, experts say Staten Island’s embattled New York Wheel recently hit...

Valley Cities CEO Ken Taylor proudly displays a ‘sold’ sign for the property that was to house the Woodmont Recovery Center. Two years after 250 angry parents filled a school gym...

The former All American Plaza has been vacant for almost a decade, but officials hope a new agreement with an undisclosed developer will put a 100-bed hotel and conference center on the site as...

1,417 I-829 petition approvals in New York City Regional Center offerings have now enabled over 4,059 individuals to achieve permanent residency in the United States The New York C...

Paul Quinn College has long been a beacon of hope for its students and the surrounding Highland Hills neighborhood, one of many investment-poor areas of southern Dallas. To strengthen this hist...

Company to provide best-in-class Fund Administration to EB-5 Capital Redeployment Solution NES Financial, the leading provider of institutional quality EB-5 administration solutions, announc...

Sherry Li, a Long Island businesswoman who once proposed a sprawling Chinese Disneyland in the Catskill Mountains, is far from a prominent figure in national politics. But she and a business...

Officials in Mississippi are demanding that an electric car company founded by current Virginia Gov. Terry McAuliffe repay more than $6 million in public funds. In a report released on July ...

Project Utilizes EB-5 Foreign Financing and is Employing Non-Jersey City Residents Today, the Northeast Regional Council of Carpenters (NRCC) will begin a campaign to raise awareness for the...

The biggest donations given to Trump Victory and Trump Make America Great Again came from donors with limited histories of giving to Trump. Donald Trump’s campaign operation raised nea...

A Mississippi official investigating the activities of an electric car company created by Virginia Gov. Terry McAuliffe has found that the company did not come close to creating the 350 jobs it...

Bradley Snyder and Gar Lippincott are principals in Tampa-based Atlantic American Partners, a firm that provides foreigners the opportunity to obtain citizenship through job...

A FRESHDIRECT DISTRIBUTION CENTER. Sterling National Bank has provided a $50 million mortgage to FreshDirect for its corporate headquarters and distribution center at 2 St. Ann&rsq...

Despite gains under Obamacare, roughly 800, 000 Arizonans do not have health care coverage. Insurance companies are tweaking policies in an effort to get those people to enroll. Breaking ran...

The EB-5 visa program has become a major source of real estate financing nationwide, and in particular for large real estate development projects in New York City such as Hudson Yards ...

Michael Goldberg at a Statehouse news conference in April.  Lawyers with a stake in the massive fraud case involving Northeast Kingdom projects have revised their proposal for divvying ...

When it comes to massive residential projects in Queens, Long Island City has a fairly solid monopoly on the largest buildings. But as Astoria sees its own wave of new developments, it too is s...

A sign advertises a Holiday Inn Resort to be built at Centennial Plaza in Gulfport. Virginia attorney Robert Lubin, who also proposes building a casino at the Gulfport Harbor and restoring...

Gary Barnett and a rendering of Central Park Tower at 217 West 57th Street The priciest unit is a $95M penthouse with a pool, but what's not for sale is even more interesting ...

The site of the One Journal Square luxury apartment project in Jersey City, N.J., in May 2017. Until he stepped aside from his real estate business to become a senior White House a...

On Thursday, June 29, 2017, in the closely-watched EB-5 case SEC v. Feng, No. 2:15-cv-09420 (C.D. CA, filed December 7, 2015), a U.S. district court in California affirmed the authority of the&...

Being related to President Trump is not a blessing in Jersey City. ntil he stepped aside from his real estate business to become a senior White House aide, developer Jared Kushner was a majo...

CBDs of Nearly Every Major American City Filled With Sounds of Construction as Huge Mixed-Use Projects Move from Drawing Board to Construction Phase It's good job security to be a crane ...

Ariel Quiros at the opening of Jay Peak Resort’s Stateside Hotel in December 2013.  A federal judge is facing dueling filings over what defenses Jay Peak owner Ariel Quiros c...

On June 30, USCIS released its Annual Report 2017 to Congress on matters relating to its mission – “aiding applicants and sponsors applying for immigration benefits and id...

A federal judge has given final approval for a nearly $150 million settlement by the financial services firm linked to the largest fraud case in the federal EB-5 immigrant investment program&rs...

Work on new apartments at the Market Centre at First and Market will get underway this fall.  It may not look like much has happened in the two years since a Virginia partners...

The public interest is well served by the flexibility granted to EB-5 investors and their American partners to operate and make investment decisions within the parameters of the program. U...

NES Financial announced today that it has been selected by EB-5 Florida Hotels and Investments Regional Center to provide its full suite of Intelligent EB-5 Administration Soluti...

Today, Invest in the USA, the national not-for-profit trade association of the EB-5 Regional Center industry, sent a letter to the U.S. Citizenship & Immigration Services (USCIS)&...

In early March, the two elder statesman of the Senate Judiciary Committee ventured across the Capitol to the House of Representatives. They were there testify about the many problems with th...

The first objection has been raised to a proposed $150 million settlement with a financial services firm linked to the EB-5 immigrant investor scandal that played out in Vermont’s Northea...

Many of the 110 foreign investors who provided the bulk of Green Valley Hospital's initial financing are nervous as the facility regroups in the midst of its bankruptcy proceeding. ...

Another Chicago real estate developer who raised money through a controversial federal visa program is facing charges that he cheated overseas investors in his projects. The Securities ...

A development group with plans for a $500 million senior housing pipeline now is embroiled in a lawsuit with the Securities and Exchange Commission (SEC), which is alleging that the develo...

The founder of EB-5 Global Ventures, Micol Mion continues to expand her consultancy business and earn favors from thousands of investors around the world. As a parent company of EB-5 Global Ven...

A Chicago-based immigration attorney was hit with a U.S. Securities and Exchange Commissionlawsuit Thursday accusing him of funneling some of the nearly $89 million he collected from EB-5 ...

More than 200 people showed at the GVR West Center on Tuesday for an update from CEO John Matuska on Green Valley Hospital's financial health as it navigates the bankruptcy process. Th...

CanAm’s President and CEO, Tom Rosenfeld, published the below letter to investors and industry professionals correcting USCIS’ errors in reporting CanAm’s track...

Turns out the dichroic glass design for the proposed Tacoma Convention Center Hotel was too polarizing. The city’s Landmarks and Preservation Commission approved a new design...

On June 19, 2017, USCIS published a list of approvals and denials for Form I-526 [link] and Form I-829 [link] performance based on Regional Center, ranging from January 1, 2014 to May...

China’s real estate developers have left home for Australia, Europe and the US, but that doesn’t mean that they’ve left their funding partners behind. Chinese financial ins...

A contractor pulls equipment in front of a new high rise condominium and office buildings under construction in the Brickell neighborhood of Miami, Florida, U.S., on Friday, Sept. 30, 2016. Dev...

Dive Brief: Developers for the 94-story, $1 billion Vista Tower in Chicago have secured a $700 million construction loan, the largest real estate-related financing deal in the city...

Perhaps no figure embodies the bizarre state of US politics better than Jared Kushner. With Trump's victory in November, the bland and unremarkable 36-year-old real estate tycoon went fr...

Ties to the White House may ultimately help the Kushner Cos, but recent trouble in a New Jersey city suggests they can hurt a bit, too. The real estate firm owned by the family of Jared Kush...

"PBS NewsHour'' took viewers on a tour of Jersey City last night with the help of Jersey Journal reporter Terrence McDonald as it looked into the continuing controversy of the Kush...

On June 14, 2016, USCIS released a Policy Alert indicating that it is seeking input on revisions to the USCIS Policy Manual on job creation and capital at risk requirement for investo...

A Jay Peak investor is suing the state over allegations that officials covered up a $200 million Ponzi-like scheme in which more than 800 EB-5 immigrant investors were defrauded. In the civi...

One Journal Square, a Kushner Company Skyscraper planned in Jersey City, stands to lose a $6.5 million annual tax credit. As reported by WNYC, the mixed-use luxury housing, office and retail sp...

The real estate firm owned by the family of Jared Kushner has withdrawn a request for a big tax break for one its buildings in Jersey City, New Jersey, the latest setback for the company in the...

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 lo...

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...

Members of Congress from both parties are investigating whether Kushner Companies’ EB-5 fundraising activities constitute securities fraud. As has been widely reported, Kushner Compani...

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 t...

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 Presid...

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 arou...

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 l...

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 a...

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 disp...

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...

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 a...

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 C...

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 de...

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 inve...

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 u...

The developer behind the Westphalia Town Center is advancing the project on multiple fronts despite the recent receipt of a potential default notice tied to more than $34 million in m...

U.S. Senator Chuck Grassley (R-Iowa) is calling on the U.S. Department of Homeland Security, as well as the Securities and Exchange Commission, to investigate potentially fraudul...

The chairman of the Senate Judiciary Committee has called for an investigation into “potentially fraudulent statements and misrepresentations” made by companies promoting investment...

President Donald Trump defended his son-in-law Jared Kushner on Sunday as reports on Kushner’s contacts with Russian officials piled up and his clout in the White House reportedly began t...

United States Attorney’s Office prosecutors filed nine lawsuits Thursday seeking the seizure of real estate properties across Southern California allegedly purchased with millions in proc...

President Trump kept the government open recently by signing a $1.1 trillion appropriations bill, and tucked into that 1,665-page monstrosity was one paragraph that enables wealthy foreigners t...

And the pitch came with a sweetener: Meyer talked about the Kushner family, including her brother who holds a powerful position in the White House as senior adviser to President Trump. The comp...

Six Chinese investors have won visa approval through the EB-5 program, ending litigation in which they said the Department of Homeland Security failed to acknowledge that their investments in a...

Revelations that the sister of Jared Kushner, President Donald Trump's son-in-law and adviser, promoted a program offering a path to USA citizenship to Chinese backers in a Kushner family p...

Jared Kushner, President Donald Trump’s son-in-law, has held onto about 90 percent of his real estate investments even as he serves as a top White House adviser, according to a Washington...

We use old-fashioned reporting methods at VTDigger: We ask for public records to get at the truth. State officials sometimes obfuscate, spin or simply refuse to answer questions. VTDigger re...

Kushner Companies said Monday that the name drop at the event in Beijing on Saturday was not meant to be an "attempt to lure investors" to one of its projects in New Jersey. As the Po...

The EB-5 Regional Center program is being extended through the balance of the fiscal year through September 30, 2017 as is; what we call a “clean extension.”  I’m on the ...

A handful of SC charter schools — finally in new school buildings — are poised to pay out millions in taxpayer dollars to middlemen, developers and foreign investors who want green ...

At a glitzy Beijing Ritz-Carlton event earlier this month, Jared Kushner’s sister, Nicole Kushner Meyer, urged potential investors to secure their EB-5 visa promptly before its loosey-goo...

The EB-5 Investment Program is bigger than any one company or project; the most important part of the immigrant visa program is creating jobs for Americans. I’ve worked with EB-5 for near...

Kushner Companies did not take part in a roadshow to promote the company’s One Journal Square project this weekend, due to backlash over its pitch to Chinese EB-5 investors, reports ...

While Jared Kushner's family may have fled China in disgrace, that doesn't mean that Kushner Companies has halted its efforts at securing Chinese investment for its latest building proj...

When the sister of President Donald Trump's son-in-law Jared Kushner promoted investment in her family's new skyscraper from a Beijing hotel ballroom stage earlier this month, she was p...

A California federal judge has denied a bid by two companies to ditch a U.S. Securities and Exchange Commission suit accusing a businessman of misappropriating funds raised through th...

China dominates issuance The graph below illustrates the unrivaled dominance of investors from mainland China when it comes to EB-5 visas granted in the US. This also explains why Kushner Co...

Changes to a controversial visa program under consideration by the Trump administration could hurt a real estate project partially owned by the family of White House adviser Jared Kushner, the ...

The sister of White House adviser Jared Kushner on Thursday pulled out of the family company’s scheduled weekend presentation to potential Chinese investors amid growing criticism that sh...

NPR's Robert Siegel talks with Steve Yale-Loehr, professor of immigration law practice at Cornell University, about changes he thinks Congress should make to the EB-5 "investment ...

It’s sometimes called the “golden visa,” the obscure immigration program for big investors that burst into the headlines this week in the wake of stories on the family of Whit...

White House senior adviser Jared Kushner's family business is courting wealthy Chinese to buy stakes in real estate through a controversial government programme that offers US residency in ...

What is the EB-5 Visa? The EB-5 program allows entrepreneurs and their families to apply for green cards (permanent residence) if they 1) make the necessary investment in a commercial enterp...

Federal regulators are asking a U.S. judge to assist them in obtaining the testimony of two top executives at the Canadian company that sold Jay Peak ski resort to a Miami businessman who now f...

For half a century, the U.S.-China relationship was almost exclusively the purview of political and business elites: Henry Kissinger scheming with an aging Mao Zedong; CEOs salivating over a bi...

The man running Jay Peak Resort has asked a town board to forgive a tax penalty. The resort missed an October tax payment deadline and a one-time 8 percent late payment penalty was added to ...

From 2014 to 215 the number of rich South Africans applying for US investment visas more than doubled. Most are considering the benefits and advantages of having an exit plan during economic an...

Later this week, the US Congress is likely to extend the EB-5 visa program, which allows qualified foreign investors to get green cards and pathway to citizenship, for another six months. Since...

A controversial visa program, known as the EB-5, which allows wealthy foreign nationals to promise significant domestic investments in trade for Green Cards has been extended in the latest spen...

Congress is poised to extend the EB-5 regional center program through September 30, 2017, without any changes. Here is how we got to this point: On April 28, 2017, the U.S. Congress passed a...

Demand for US investment visas by wealthy South Africans has more than doubled. Data released last week showed that South African demand for US EB-5 visas, which allow people to obtain a gre...

The new ombudsman for the United States Citizenship and Immigration Services was a longtime top executive at a group that actively lobbies for the elimination of the EB-5 program. ...

The EB-5 visa program – dubbed the "Golden Visa" program – was set to expire on Friday (April 28), but will now be on the chopping block this week. The controversial vi...

Walton Westphalia Development Corporation (the ?Corporation) announced today its results for the fiscal year ended December 31, 2016 and fourth quarter of 2016. Launched in March 2012, the Corp...

Jay Peak Resort is reporting a big bounce-back year, buoyed by increased snowfall and the shedding of costs associated with operating an EB-5 immigrant investment program that led to fraud char...

Congress on Friday extended for a week the EB-5 immigration program, a way for rich foreigners to obtain green cards through investment in the United States, according to U.S. Citizenship ...

The original plan was to attract foreign investment to blighted neighborhoods. But instead, the controversial EB-5 investor visa enabled affluent Chinese to park their cash in high-end real est...

One of the key men behind Idaho’s controversial overture to Chinese investors in 2007 agreed to pay back $5 million in investors’ funds that the Securities and Exchange Commiss...

Congress must act quickly to save the EB-5 program, the golden goose that has encouraged foreign investors to plow hundreds of millions into major development projects in Cleveland, such as the...

Raymond James Financial announced record quarterly net revenue of $1.1 billion in its private client group, up 23 percent over the prior year quarter. Yet, the unit’s pre-tax income ...

Fresh on the heels of Raymond James Financial’s $150 million dollar settlement with Jay Peak Resort, owner Ariel Quiros has responded to related allegations.  Quiros sti...

As the first 100 days of the Donald Trump presidency draw to a close, it has already become clear that US immigration reform is a priority. During his first weeks in office, Trump’s ex...

The process of obtaining public records in Vermont is a maze of inconsistent standards and incomprehensible rulings. That's the view of many journalists and advocates who seek such document...

According to information released by the United States Citizenship and Immigration Services (USCIS), South African demand for US EB-5 visas has more than doubled since 2014. The EB-5 in...

Sen. Chuck Grassley is launching his own inquiry into an allegedly fraudulent EB-5 investor center, requesting more information Thursday from the U.S. Department of Homeland Security ...

A California federal judge ruled on Thursday that a husband and wife netted in an EB-5 investor scheme must pay back nearly $27 million that they owe investors for planning a cancer treatment c...

A federal immigration program lets rich foreign families come to the United States and stay, as long as they invest $500,000 in job-creating economic development and pass background checks. ...

EB-5 Industry’s First Comprehensive Analysis of Targeted Employment Area Reform Proposals Seeks to Educate and Inform Policy Discussions Earlier this month, Invest in the USA (IIU...

In recent feedback on potential reforms, the U.S. government got an earful against a proposal to raise the minimum contributions for the EB-5 immigrant investor program along with suggestions o...

The U.S. Securities and Exchange Commission has urged a California federal judge not to allow two companies to ditch its suit accusing a businessman of misappropriating funds raised t...

Now that he has been in office for 100 days, Vermont Governor Phil Scott held a press conference this morning to outline what he sees as his successes so far. Vermont’s Republican Gove...

Vermont Natural Resources Board officials are giving Mount Snow an extra year to finish a snow-making upgrade fueled by $30 million in EB-5 foreign investment. The West Lake Water Proje...

The United States Citizenship and Immigration Services (“USCIS”) has begun to issue I-526 Petition approval for EB-5 investors who invested in The Grange at Linden –...

Now that he has been in office for 100 days, Vermont Governor Phil Scott held a press conference this morning to outline what he sees as his successes so far. Vermont’s Republican Gove...

Raymond James Financial, a financial services company, has reached a $150 million settlement to resolve all investor claims that the firm engaged in a fraudulent scheme related to the federal E...

A visa broker who partnered with Jared Kushner to recruit Chinese investment for a Trump-branded tower also directed one of America’s worst charities. Florida businessman Nicholas...

The EB-5 investor-visa program saw its largest-ever settlement last week — $150 million in the Jay Peak ski resort case — and the receiver for that matter, Akerman LLP's Mi...

Newport residents were expecting a “game changer.” Instead, they have a chasm in the heart of this Northeast Kingdom city’s downtown, a visible reminder of dashed hopes for...

On April 5, 2017, federal authorities raided a business run by a California attorney and her father that is suspected of orchestrating a $50 million EB-5 visa scheme. According to the court fil...

Raymond James Financial Inc. agreed to pay $150 million to settle a Miami federal class action brought by more than 850 EB-5 investors in the Jay Peak project. The St. Petersburg-based ...

A new lawsuit claims the former owner of Jay Peak Resort knowingly participated in fraud when a Miami businessman bought the property in 2008. The U.S. government has said the businessman,&n...

Two EB-5 investors are alleging that a Canadian company “aided and abetted” the alleged fraud at Jay Peak Resort. The investors are suing Saint Sauveur Valley Resorts Inc. for kn...

It’s a paint-by-numbers approach to defrauding real estate investors. Federal agencies raided the homes and office of a California attorney and her father Wednesday, amid an investigat...

Remember when the United States Department of State, Bureau for International Narcotics and Law Enforcement Affairs released the March 2017 International Narcotics Control Strategy Report (INCS...

Agents served search warrants at an office located at the Hilton, 225 West Valley Boulevard in San Gabriel, a home in a gated community in the 700 block of Carriage House Drive in Arcadia, anot...

Prosecutors accuse a California father-and-daughter team, based in the San Gabriel Valley, of running a $50 million EB-5 visa fraud scheme that helped fugitive criminals land U.S. residency. ...

With the main part of the EB-5 (immigrant investor) program about to sunset on April 28, its defenders are facing yet another scam, at the $50 million level, in which Chinese-Americans fleeced ...

A Florida federal judge denied a request by Jay Peak resort owner Ariel Quiros’ former attorneys to intervene in a $350 million EB-5 visa suit against Quiros, finding Thursday it wou...

Federal agents on Wednesday executed search warrants at several sites in greater Los Angeles that the authorities say were connected to a $50 million visa fraud operation that enabled Chinese c...

Developers of an outlet mall just two hours south of San Antonio found a handy source of cash — wealthy investors from China. The Outlets at Corpus Christi Bay in Robstown opened its d...

A father and daughter duo allegedly helped obtain visas for Chinese nationals, including people on that country’s “100 Most Wanted” fugitive list, by defrauding a U.S. program...

Federal authorities raided a Los Angeles-area business on Wednesday that the FBI suspects of orchestrating a $50 million visa fraud scheme. Filings in federal court allege that the Cali...

Reforms to the EB-5 Immigrant Investor program is a can that Congress has been kicking down the road for the past two years. Despite growing optimism that comprehensive changes will be introduc...

Sentencing for Lobsang Dargey, the local developer who in January pleaded guilty to two felony charges related to raising money from Chinese investors, has been postponed until June. The h...

An airport operator in Stowe is pulling out of an agreement with the Vermont EB-5 Regional Center. Stowe Aviation had planned to use EB-5 immigrant investor funding, along with other pr...

The Legislature is at an impasse trying to decide whether to establish and adequately fund a statewide ethics commission that has real enforcement capability. There’s been considerable fa...

With U.S. Citizenship and Immigration Services gearing up for new audits of regional centers used in the EB-5 visa program, it’s crucial that centers are properly tracking inves...

Bentley Zhao’s New Empire Real Estate Development filed an offering plan for a 56-unit condominium at 2128 Ocean Avenue in Sheepshead Bay, an application with the New York State Attorney ...

Jay Peak resort owner Ariel Quiros has asked to swap out his counsel in the U.S. Securities and Exchange Commission's $350 million EB-5 visa suit against him, requesting a Fl...

In a call to Israeli bondholders Wednesday, Extell Development’s Gary Barnett reported that his firm had secured $168 million in EB-5 funds for Central Park Tower, the supertall cond...

Within 30 days, tens of thousands of American jobs and many of the country’s largest real estate projects, including those in Miami, will be in serious jeopardy if Congress votes to elimi...

Greenberg Traurig promoted Jennifer Hermansky to shareholder in the business immigration and compliance practice. Hermansky focuses her immigration practice on both employment...

An Illinois federal judge ruled for the government Tuesday in the case of an Iranian EB-5 investor who sued after U.S. Citizenship and Immigration Services declined to remove conditio...

The president of the firm that developed the Taconic Hotel in Manchester village has been indicted on federal bank fraud charges involving incidents allegedly occurring in Florida fro...

A window of opportunity for South Africans wanting to immigrate to the US will likely close in the next few months, Los Angeles-based Bernard Wolfsdorf has warned in an interview with...

Congress in the coming weeks will address what to do with the EB-5 visa program, which will expire at the end of April if not extended or made permanent, and lawyers say a host of unknowns &mda...

Wealthy Chinese citizens may soon have to pony up a lot more money to qualify for a U.S. investor visa, and they are rushing to move funds into stateside real estate projects before Congress ra...

A former state official who oversaw the Vermont EB-5 Regional Center amid the Jay Peak scandal has been named the president of Vermont Technical College. Patricia Moulton stepped d...

Prospective investors are already having trouble moving capital out of the country As Congress debates raising the minimum investment from $500,000 to $1.35 million, potential investors in C...

As members of Congress in Washington debate raising the minimum required to obtain a US immigrant investor visa from US$500,000 to US$1.35 million, concern about the rise has set off a scramble...

I wanted to write to express my thoughts after I attended the March 13 Rockford City Council meeting. Having recently retired this was my first City Council meeting. I was interested in the dis...

A crucial requirement of the EB-5 Program is that each individual demonstrate by a preponderance of evidence that the monies invested in a new commercial enterprise were derived from a lawful s...

Chanticleer Holdings, Inc. (NASDAQ: HOTR) („Chanticleer,” or the „Company”), owner, operator and franchisor of multiple branded restaurants in the U.S. and abroad, today...

South Dakota government officials will be allowed to keep their controversial immigrant-investor center alive, at least for now, and have received some rare recognition of the center’s su...

The U.S. Securities and Exchange Commission has urged the Central District of California to rule against a husband and wife facing allegations that they misappropriated the bulk of $2...

U.S. Citizenship and Immigration Services on Tuesday unveiled the start of an EB-5 regional center audit program, which will involve audit teams examining documents and interviewing staffe...

The U.S. Securities and Exchange Commission has shot back at a bid by an attorney to toss accusations that he stole $9.6 million from foreigners participating in the EB-5 immigrant in...

Construction of the Paramount Miami Worldcenter was propelled forward with the help of a Bilzin Sumberg legal team. Partner Martin A. Schwartz and associates Anthony De Yurre and S...

The Donald has complained bitterly about immigrants and the American immigration system, but there's a Trump building in Jersey City built with funds secured through a controversial governm...

The emerging partnership between the Kushner Companies and the Chinese insurer Anbang regarding the 666 Fifth Avenue tower in Midtown Manhattan includes a huge payout to Kushner, run by the fam...

In the weeks and months after Nov. 8, Donald Trump’s door always seemed open. Old friends and celebrities walked in and out of his namesake tower in Manhattan or hobnobbed with him at his...

The EB-5 (immigrant investor) program took two body blows, neither well publicized, earlier this week, after taking a drubbing in a House Judiciary Committee hearing last week. This week&rsq...

President Trump’s travel ban is likely to have a knock-on effect to the United States EB5 investment visa, say international property professionals. EB-5 participants must invest $1mil...

The 2017 legislative session, more than any other in the last couple of decades, was a clear display of just how bad things have become when it comes to politics in our state. It boils down to ...

Ski resort operator Peak Resorts, Inc. has released results for its fiscal third quarter and nine months ended January 31, 2017. Third-quarter results, which include New York&rsquo...

Court records show that Caffe Primo, which in October 2015 moved into the lower State Street space formerly occupied by the Pierre LaFond Wine Bistro, closed this January immediately after...

The Brooklyn Navy Yard is a lynchpin of the borough’s cutting-edge Tech Triangle, but there are many elements of the 300-acre campus that are decidedly turn-of-the-century &ndas...

Dive Brief: A U.S. congressman has introduced a bill that would terminate the EB-5 foreign investment visa program, according to Bisnow .   U.S. Rep. Steve King, R-IA, in...

The U.S. Securities and Exchange Commission on Wednesday accused a Washington, D.C.-based development company and its president of using the EB-5 immigrant investor program to scam fo...

China’s Anbang Insurance Group plans to arrange $4 billion in construction loans and invest $400 million in equity for a Manhattan office tower at 666 Fifth Avenue owned by Kushner Compan...

The Scott administration will “expedite” release of records pertaining to EB-5 projects that are at the center of the largest fraud case in the state’s history. Last month,...

U.S. Rep. Steve King, an Iowa Republican who has made immigration crackdowns one of his signature issues, has introduced a bill to scrap the embattled EB-5 investor program amid attempts to ref...

Undaunted by last year’s protracted, costly EB-5 experience, Mount Snow executives are forging ahead with the foreign-investment program – and they apparently intend to do...

A D.C. federal court partly sided with a group of foreign nationals challenging a decision that rejected their petitions under the EB-5 visa program, finding Friday that some aspects of U....

After a somewhat turbulent couple of months under President Trump, the world has been awash with worries about what the next four years might hold. Little wonder then that news of amendments to...

At the first House Judiciary Committee hearing on immigration since Congress reconvened in January, the subject was not President Trump’s executive orders or recent deportation crackdowns...

Members of the U.S. House Committee on the Judiciary expressed support during a hearing on Wednesday for efforts to increase the minimum investment needed to participate in the EB-5 immigrant i...

  A Washington federal judge on Wednesday approved a $3 million plan to save a restaurant and retail development backed by Chinese investors seeking EB-5 visas whose future was unclear ...

Since 2015, we here at Crunched Credit have tracked, followed and discussed the developments (or lack thereof) concerning the Immigration Investor Program, more commonly known as the &ldqu...

Miami's luxury condominium market may be lagging in sales, but construction financing is still flowing for projects already underway. Paramount Miami Worldcenter, a 60-story tower with o...

California-based Aemetis Inc., an advanced renewable fuels and biochemicals company, today announced its financial results for the three and twelve months ended December 31. The company, operat...

The new American President Donald Trump wants to limit the migration of China's super rich to the U.S., specifically the granting of the so-called "golden visa" or the EB-5 visa. ...

Embattled real estate developer Lobsang Dargey has dropped his fight against a federal lawsuit accusing him of defrauding investors and misusing their money. The proposed settlemen...

China’s super rich have for years been leaving the country and bringing their families and wealth with them. The number one choice of destination to migrate, normally via high-rolling inv...

NMS Capital Realty Advisors, LLC (“NMSRA” or “Firm”), the real estate private equity and advisory division of NMS Capital Group, a global focused investment and pri...

It’s a very interesting offer here, it’s the launch of the new Surf Club Four Seasons Hotel Fund, and it’s really tailored towards high net worth earners in South Africa seeki...

In the Northeast Kingdom Newport is a community that continues to look for economic boosts.  It's also a place with ties to several failed EB-5 plans.  But now, things are trendin...

Golden Harbor Casino Resort & Spa has met its requirement to show $40 million in funding by Feb. 28 and submitted plans with the city for a proposed casino, high-rise hotel, parking garage ...

Wealthy Arabs are rushing to sign up for a U.S. program offering investors green cards for cash as they try to beat a crackdown on immigration by President Trump. Three companies in Dubai of...

During the last six years, we’ve seen the executive branch involved in accusing a conservative legislator of threatening to kill other legislators to ruin his reputation for complaining a...

Mississippi Coast Entertainment, a limited partnership, has raised the $40 million needed to satisfy city leaders that a casino project is moving forward for the city’s harbor. Robert ...

Victor Group and Lendlease can forge ahead with their condominium project at 281 Fifth Avenuefollowing a new $369 million debt and equity injection. The companies landed $100 million in...

The head of a visa-investor operation in South Dakota pleaded guilty to illegally diverting funds, giving another black eye to the scandal-plagued EB-5 immigration program. Watchdog.org repo...

Work is to begin this spring on the proposed Aloft Hotel in the 90-year-old Chattanooga Bank Building, the project's builder said Thursday. "There's a lot of work to be done cle...

If lawmakers take no action soon, the EB-5 Visa program could face extinction, as after April 28, the temporary extension that’s keeping the program alive will expire. The merits of ...

A would-be suburban hotel developer was sentenced to three years in prison and ordered to pay $8.84 million in restitution for exploiting immigration laws and fraudulently raising money from Ch...

Jay Peak resort owner Ariel Quiros hit back Wednesday against the U.S. Security and Exchange Commission’s bid to strike his affirmative defenses in a $350 million EB-5...

"It's a little terrifying, " she says reluctant to talk to us and not comfortable giving us her name. She was born here, but her parents came from Honduras 30 years ago, with n...

Investments in Turkey mobilized by the Turkish American Business Association (TABA/AmCham) in the first quarter of 2017 are expected to reach $350 million, the head of the association said on W...

A Former Chicago developer was sentenced to three years in federal prison Tuesday for fraudulently raising nearly $160 million from Chinese nationals to fund a failed hotel andconvention center...

It is now widely understood that EB-5 capital raises involve securities that must be registered with the Securities Exchange Commission (SEC) unless the securities are offered pursuant to a val...

A Chicago hotel developer was sentenced today to three years in prison for exploiting a federal visa program to fraudulently raise capital from Chinese nationals who were seeking residency in t...

In recent years, the national economy has experienced several ups and downs, encouraging many individuals worldwide to turn to the American real estate market for a stable and profitable invest...

The price of a U.S. Green Card held steady for the past 27 years at $500,000 USD, under an investment immigration program known as EB-5. That will almost certainly change this year, when the U....

The Good: The EB-5 Investment Program has contributed to economic development across South Dakota from electric power generation to wind energy to the Dakota Provisions Turkey Plant. ...

On Wednesday, Vermont Governor Phil Scott released records long-sought by journalists investigating the state’s role in massive EB-5 developments in the Northeast Kingdom. Ariel Quir...

While our attention has been drawn to various immigration initiatives by the new White House, and the attacks thereon, a lot of things have been happening rather quietly in the world of the EB-...

After a lawsuit and months of delay, state officials released new records Wednesday related to Vermont’s oversight of the federal EB-5 foreign investment program, which was allegedly abus...

An insurance company is firing back at Jay Peak owner Ariel Quiros, disputing his claim that it has to fund his defense that tops $2 million as he fights off investor fraud lawsuits. An...

  When the EB-5 visa program debuted in 1992, members of Congress said it would spur job growth and whip up a significant amount of capital investment from overseas. But despite vigorou...

The Scott administration on Wednesday released communications sought by VTDigger in a lawsuit between the state and the federal government regarding a massive development at Jay Peak Resort, wh...

USCIS recently published a statistics report on the impact of the EB-5 Program for the fiscal years 2012 and 2013, which can be downloaded on the Economics and Statistics Administration&rs...

The recent bills on H1B visa workers and the EB5 programme have sent jitters across the board, especially to those who have been waiting to live the great American dream.  People who wa...

Just before President Obama left office, the Department of Homeland Security proposed some serious rule changes to the EB-5 visa program, which awards green cards to foreign nationals investing...

Last fall in the November elections, Initiated Measure 22 was on our state ballot. More than 180,000 South Dakota voters passed this measure hoping to remove the secrecy that has surr...

Greystone, a private real estate lending, investment and advisory company, today announced its EB-5 practice has received Regional Center approval for the Northeastern United States from theU. ...

The only man ever charged with a crime in connection with South Dakota’s EB-5 scandal has accepted a plea deal that will allow him to avoid spending a day in jail. It really is no...

The huge infrastructure project in question is the approximately 2,000-mile-long wall along the United States’ southern border with Mexico. This project has been estimated to cost somewhe...

Michael Goldberg blends in with the patrons at Hotel Jay, near the Canadian border, dressed in jeans, hiking shoes and a grey North Face fleece jacket. But unlike the skiers filtering in and...

VTDigger has agreed to dismiss its lawsuit against the state for Jay Peak Resort records after the Vermont Attorney General’s office released documents and provided information about why ...

In the 1990s, the government created a new program for foreign investors to put money into American real estate in exchange for the opportunity to live in the country. The program intended the ...

Punishment for Joop Bollen in the EB-5 Scandal could have been tougher under terms of a bill State Attorney General Marty Jackley wants the State Legislature to approve. Bollen too...

It will be more than a year before Jay Peak owner Ariel Quiros stands trial in federal court on allegations that he orchestrated a “Ponzi-like” scheme to defraud immigrant...

This week the only man ever charged with a crime in connection with South Dakota’s EB-5 scandal accepted a plea deal that will allow him to avoid spending a day in jail. It really...

Greetings from Pierre. IM-22 was officially repealed last week. Although the measure is repealed, the fight for ethics reform continues. Appropriations held hearings with the Board of Regents. ...

Federal regulators say that to protect assets and help investors recoup millions lost in Jay Peak developments, they won’t ask for any penalties against entities now overseen by a court-a...

At Saturday's legislative crackerbarrel on the School of Mines campus, the audience asked legislators if the republican caucus along with the governor will appoint a task force to propose l...

Two United States senators have introduced legislation to end a controversial visa program popular with Chinese investors that gives out green cards in exchange for investments in American busi...

There's a new leader for Vermont's chief law enforcement office. Investigative reporter Jennifer Costa sat down with T.J. Donovan to find out what you can expect from Vermont's...

The state Senate has approved a bill targeting potential public corruption that would impose new criminal conflict-of-interest penalties for public officials. The chamber voted unanimously T...

The man who once ran South Dakota's scandal-ridden investment-for-visa program was sentenced Wednesday to probation and a fine after reaching an agreement with prosecutors in the high-profi...

Joop Bollen took a plea deal that results in no jail, but a $2,000 fine and two years probation. "As a further condition of the plea agreement, Mr. Bollen agreed to cooperate with ...

North Atlantic Regional Center is delighted to announce the beginning of construction on Bank Street Lofts. The project is located within 45 minutes of Manhattan, and is close to Princeton...

The Vermont legislature is at an impasse trying to decide whether to establish and fund a statewide Ethics Commission. There has been considerable favorable testimony by Vermonters, e...

As one of the primary architects behind Initiated Measure 22, Rick Weiland has seen his measure come under attack by many members of the South Dakota government, including from Gov. D...

A group of bipartisan South Dakota lawmakers is sponsoring a resolution calling on Attorney General Marty Jackley to appoint a special prosecutor for the EB-5 and GEAR UP scandals. ...

The proposed 170 percent steep rise in the investment required to get Green Card under EB-5 visa has surprised many aspirants in Qatar who are looking to get permanent residence in the US. T...

Following the December 9, 2016 extension of the EB-5 Regional Center Program until April 28, 2017, there have been additional developments from an administrative, legislative and practical stan...

From the shuttered lobby of the 102-year-old Hotel Kaskaskia, Nathan Watson began ascending a stairwell. He stopped between the fifth and sixth floors, looked out a window and pointed t...

The controversial EB-5 program, which issues green cards to "alien entrepreneurs" who invest in projects that create at least 10 full-time jobs, faces more uncertainty with a new admi...

He points to efforts by South Dakota lawmakers to repeal a ballot initiative, passed by voters in November. Since, it has had a bumpy road. Nearly immediately after it was appro...

The USCIS published a new version of the Form I-9 on November 14, 2016. Employers must begin using the new version, dated November 14, 2016, by January 22, 2017. Employers must stop u...

On Jan. 24, 2017, Senators Grassley (R-IA) and Feinstein (D-CA), the Chair and Ranking Committee members of the Senate Judiciary Committee introduced bill S. 232 to terminat...

A federal judge will let Jay Peak owner Ariel Quiros sell his New York City luxury condo, but he won’t let him keep the proceeds, at least not right now. Instead, the funds w...

The EB-5 developer of a $24 million, Miami airport hotel broke ground on Thursday with plans to close an $8 million construction loan in July. The hotel, at 3450 Northwest 25th Street, is th...

Murtha Cullina LLP is pleased to expand its business services through its new Immigration Practice Group, due to the additions of Partner and Portland resident Dana R. Bucin and Assoc...

Scott Pruitt, President Donald Trump's pick to lead the Environmental Protection Agency (EPA), has discussed eliminating what he describes as "unnecessary EPA regulations." Conseq...

Dale E. Percy Inc., Mike’s Electric and VHC Co. Inc. are not recognizable business names throughout Vermont. Nor are they in businesses that garner a great deal of attention – notab...

This week, GANDSInvestors team members Jonathan Grode and Matthew Galati submitted a comment to USCIS’ Proposed Rule for International Entrepreneurs. A full copy of our comment is pu...

Dale E. Percy, Inc., Mike's Electric, and VHC Company, Inc., are not recognizable business names throughout Vermont. Nor are they in businesses that garner a great deal of attention - notab...

The federal receiver for Jay Peak and Burke Mountain resorts filed a motion this week in U.S. District Court asking that nearly $18 million in escrowed funds be returned to investors ...

On Jan. 13, 2017, the Department of Homeland Security (DHS) published proposed rules entitled, “EB-5 Immigrant Investor Program Modernization.” The proposed regulations include prio...

At the request of U.S. Citizenship and Immigration Services (USCIS), the Economics and Statistics Administration (ESA) of the Department of Commerce conducted an assessment of the EB-5 Pro...

A mere week before Donald Trump’s inauguration as president of the United States, the Department of Homeland Security (DHS) added fuel to the fire of political uncertainty by proposing a ...

The Securities and Exchange Commission today announced fraud charges against an Oakland, Calif.-based businessman accused of misusing money he raised from investors through the EB-5 immigr...

Miami’s maturing millennial scene is attracting hotels brands that cater to the experience-focused traveler. One of those brands, Radisson RED, breaks ground Thursday on its third...

The inauguration of  Donald Trump as President of the United States in a few days is not only impacting the American political landscape, but has also sparked a cabinet shuffle in Canada. ...

A Florida shopping center that says Ariel Quiros owes $86,721 in back rent for his now-shuttered Key Biscayne restaurant has received approval to throw him out. Quiros, facing stat...

More than 400 foreign investors whose quest for U.S. residency was derailed when they were defrauded by the developers of Jay Peak may soon get some relief. The U.S. Department of Homeland S...

Today, January 13, the Department of Homeland Security (DHS) will expand upon the notice of proposed rulemaking released on January 11, 2017 by publishing a Notice of Proposed Rulemaking in the...

Vermont’s first new attorney general since 1997, TJ Dovovan, was sworn into office last week. VPR spoke with Donovan about his plans and priorities now that he’s in office. Th...

Palm House, a condo-hotel project that has been mired in lawsuits and financial trouble, was granted a one-year extension to find financing or sell to a new owner.  The Palm Beach Town ...

Shilan Zhao, the ex-wife of Jianjun Qiao, the third most-wanted government official in China, will give up about $28 million of her assets in the San Gabriel Valley and other U.S. regions after...

Virginia attorney Robert Lubin announced plans a year ago to build a $140 million casino resort at the harbor. The project will go to the Gulfport Planning Commission on Jan. 26 for a...

A New York real-estate developer is playing a central role in blocking a bipartisan plan to overhaul a controversial immigration program that gives green cards to foreign investors. Related ...

Related Companies doesn’t want the EB-5 program to change and has spent more than $1.4 million in an effort to see that it doesn’t. The developer has lobbied against propose...

Jared Kushner, Donald Trump’s son-in-law, is all but running foreign policy during Trump’s transition to the Oval Office, while also serving as CEO of his family business and doing ...

At first blush, Lobsang Dargey seemed to epitomize the American dream. The 43-year-old former monk, who married the sister of tennis legend Andre Agassi, arrived in the United Stat...

The California Court of Appeal decided the case of Beach Break Equities, LLC v. Martin Lowell on Nov. 22, 2016, and released it for publication on Dec. 14, 2016. The case exemplifies the uncert...

PALM BEACH, Fla., Jan. 6, 2017 /PRNewswire/ -- On December 30th, 2016, the Circuit Court of the 15th Judicial Circuit in Palm Beach has granted the receiver, who has been paid for by South...

The Chinese government has enacted new rules severely limiting foreign currency transfers out of China. The scope of the limitations are not clear but the Xinhua News Agency reported that Chine...

The receiver for Jay Peak Resort will offer partial payment to contractors left with unpaid bills in the wake of one of the biggest cases involving fraud allegations in the history of the feder...

Ariel Quiros, who is accused of masterminding a $200 million fraud at Jay Peak, has formally denied the allegations against him filed by the U.S. Securities and Exchange Commission. Qui...

The Securities and Exchange Commission has charged an Orange County-based attorney with defrauding Chinese investors and using their money to buy a yacht and prop up his other businesses. ...

The Securities and Exchange Commission today charged a California-based attorney with defrauding investors seeking to participate in the EB-5 immigrant investor program, stealing their mon...

The AnC Bio Inc. offices in Seoul. SEOUL — The scene is of a workday interrupted. An empty coffee cup sits on a desk with papers, power cords and cables strewn about. An exec...

Joop Bollen's defense attorney is looking to have criminal charges dismissed and says transactions identified by the state as improper were not made from an EB-5 indemnification account. ...

Bill Stenger, the former CEO of Jay Peak, penned his own filing defending himself against fraud allegations brought by investors in a series of projects he headed with his former business partn...

PHI Group, a U.S. diversified holding company focusing on acquisitions and investments in special situations (www.phiglobal.com); (OTCMarkets:PHIL), has formed a subsidiary “Abundant Farm...

NMS Capital Advisors, LLC (“NMS”) a leading global focused investment banking firm, announced today that it has been engaged as the Financial Advisor and Broker Dealer in conne...

There's a huge new construction project that developers are calling the biggest skyscraper between Seattle and Tacoma. The city of Tukwila hopes it’s new skyscraper signifies the s...

Burke Mountain Academy.  Burke Mountain Resort has reached an agreement to become an “Official U.S. Ski Team Development Site,” the first of its kind in the country. ...

Today marks just over a month since Donald Trump was elected as the next President of the United States. As each cabinet appointment is announced, we get more clues to help us predict which dir...

Attorney Mikki Canton speaks at the City of Miami City Hall in 2012. At a time when many are decrying the end of civility, a Miami attorney has launched a proposal to per...

Contentious statements around immigration reform have been a key part of the unexpected ascension of Donald Trump as president-elect of the US. While Trump has focused his energies on trying to...

On December 9, 2016, as part of federal spending legislation, the EB-5 Regional Center Program received a short-term extension through April 28, 2017. The Program has been similarly extended, w...

E3iG CEO Matt Gordon publishes latest editions of the EB-5 Book, the leading legal treatise on the EB-5 immigrant investor program. E3iG, headquartered in New York, announced ...

The Amerock building on sunday, May 2015, in downtown Rockford. Financing delays will force city officials to negotiate a new agreement for the transformation of a 13-story factory into...

Ocugen, Inc., a biopharmaceutical company developing treatments for sight-threatening diseases, today announced that it has closed a $6 million round of Series A funding, including $1 million i...

Another CanAm Project Receives Approval from USCIS CanAm Enterprises (CanAm) is pleased to announce that its 48th EB-5 project – LA BioMed –received I-924 e...

Former Key West Used Car Salesman Joe Walsh and his Sidekick Ryan Black are attempting to take control of Palm House with no actual money, just a promise that someone will have a look for the m...

The EB-5 Regional Center Program has been extended through April 28, 2017, following the passage of a continuing resolution (CR) by Congress that narrowly avoided a government shutdown. The ...

Mount Snow resort in Dover.  After a long wait, Mount Snow has gained access to $52 million in foreign investment funding and will move forward with two major improvement projects,...

On December 9, 2016, President Obama signed the “Continuing Resolution” passed by Congress to extend funding of the federal government until April 28, 2017, by which time it is expe...

A Center Harbor man and his one-time employer faced each other in court on Tuesday after their parting left such hard feelings on both side that each filed a lawsuit. Keith Fitzgerald claims...

Jay Peak’s tram.  A cable mishap last week on Jay Peak’s iconic tram won’t delay it from opening as planned later this month, the resort’s general manager said T...

We’re hearing a lot these days about “draining the swamp” of Washington corruption but as every serious student of crime and punishment knows, the swamp is not one, but many. ...

Prepared Senate Floor Statement by Senator Chuck Grassley of Iowa Chairman, Senate Judiciary Committee EB-5 Regional Center Program Reforms Thursday, December 08, 2016 Mr. Presi...

Four attorneys from global law firm Greenberg Traurig, LLP were recognized as Law360 2016 MVPs. In addition, Greenberg Traurig was recognized as one of only seven firms to have four a...

Ariel Quiros and Bill Stenger promised to save Jay Peak ski resort and the struggling economy around it. That’s not what happened at all. A receiver was appoin...

Gov. Peter Shumlin, Jay Peak CEO Bill Stenger, Ariel Quiros, the owner of Jay Peak, and his son Ary Quiros at a ribbon cutting.  Attorneys in a class-action lawsuit against Ja...

Congress is to vote Friday on extending the EB-5 program, which grants foreign investors permanent residence for the right price. In the minds of local experts and developers who rely on it, an...

China'based Anbang Insurance bought the Waldorf Astoria in 2014. Rumor has it that China is going to clamp down on outbound investment. What does it mean for the billions of do...

A South Florida developer is planning three new hotels in the West U.S. 192 corridor, part of growing development pressure on Disney World’s west side. Hollywood-based AD1 Global is pr...

Trump Bay could soon become a focal point of the incoming administration’s unresolved family business conflicts. Critics say Trump Bay Street, now leasing apartments at $3,100 a m...

The deadline for deciding the future of the EB-5 Visa program is fast approaching. Congress has until Dec. 9 either to terminate the 26-year specialized immigration project; continue it the way...

Donald Trump won the White House in part on a promise to rewrite the rules of global trade, stemming the flow of foreigners coming to the United States and blue-collar jobs flowing out. But ...

On Nov. 8, South Dakota voters faced 10 ballot measures. They said “yes” on four of them. I hoped they might also approve Amendment T, independent redistricting, and Amend...

Investors in a lawsuit who claim they were defrauded by Jay Peak’s owner Ariel Quiros say they want to look at the financial records of those close to him. Attorneys for inve...

Rendering of the Doral DoubleTree by Hilton Developers said project's total value is roughly $26 million With construction well underway at their Hilton-branded hotel in Doral, p...

Ambitious Indian American’s plea deal rejected. Anshoo Sethi, an over ambitious Indian American man who dreamed of building a $900 million hotel and convention complex near O...

Just after Christmas, construction work will begin to erect a ramp from Commerce Street up to parking garage levels underneath Tacoma's Convention and Trade Center. By next March, work...

Partners putting up more than $1B in equity in UWS waterfront project Despite a tight lending market, the developers of the recently rebranded Waterline Square on the Upper West Si...

He was a twenty-something wannabe developer, the son of immigrants from India, and he dreamed of building a $900 million hotel and convention complex near O’Hare Airport. He assembled ...

The Lucky Dragon Hotel and Casino on the Las Vegas Strip is now in “soft opening” mode, prior to its grand opening on 3 December 2016. It will be the first addition to the Neva...

Michael Goldberg, left, the receiver for the Jay Peak and Burke ski areas, and Gov. Peter Shumlin.  The receiver for two troubled ski resorts in the Northeast Kingdo...

Hawaii Ocean Plaza condo-hotel coming to Ala Moana-Kakaako area Chinese investors plan to build a 407-unit condominium-hotel high-rise tower near Ala Moana Center in Honolulu. Hawaii City...

Steve Wright, Jay Peak’s general manager, looks out toward the slopes last week. The resort plans to open Friday. Steve Wright’s office space didn’t change, but his role at...

  More Than One Thousand and Four Hundred Investors Were Fully Repaid to Date CanAm Enterprises LLC (“CanAm”) is pleased to announce that its 30th EB-5 Partnership L...

Bill Stenger, Ariel Quiros and Peter Shumlin at a ribbon cutting. The state of Vermont has released heavily redacted records to VTDigger in response to a request for docu...

An Asian-themed property catering to Chinese gamblers and guests has become the first new casino-hotel to open in nearly six years along the Las Vegas Strip. The Lucky Dragon Hotel and ...

A federal judge has issued a scathing ruling against Jay Peak developer Ariel Quiros, agreeing preliminarily with federal regulators that the Miami businessman was the mastermind behind th...

Purpose-built technology provides a distinctive advantage for EB-5 offering NES Financial announced today that its Intelligent EB-5 Solution Suite has been selected by NY EB5 Fund for t...

George Pataki and Nick Mastroianni Proponents of the program are confident it will be renewed, though changes are expected The legislative fate of EB-5 may still be up in the air, bu...

The proposed One Big Sky Center would include the tallest building in Montana. The Billings City Council approved a pre-development memorandum of understanding with the developers dur...

Developer is facing two suits for defaulting on loans and rent Dermot Company, the developer behind the long-mired redevelopment of the Battery Maritime Building in Lower Manhattan...

U.S. Sen. Patrick Leahy, D-Vt., speaks to a crowd Monday morning at Brattleboro American Legion Post 5. U.S. Sen. Patrick Leahy is again gearing up to push for EB-5 reforms through the ...

Suit says EB-5 investments were ‘pillaged’ for personal use and defendants are using legal system to cover up actions. A lawsuit alleges that the Palm House condominium-hote...

A company that provided financing for a Deadwood, South Dakota hotel and casino is trying to recover $32.5 million loaned to a group of developers whose company hasn’t paid back...

A group of Chinese investors has filed a lawsuit against a businessman accused of massive fraud involving foreign investors' money in northern Vermont developments. Each of the 31 invest...

Mark I. Davies, Global Chairman of Davies & Associates, LLC said, “Donald Trump’s win in the Presidential Elections will be beneficial for EB-5 visa applicants. Dav...

This article provides an initial analysis and a section-by-section summary of a draft EB-5 reform bill released by U.S. Representative Bob Goodlatte, chair of the House Judiciary Committee. The...

Immigrant workers and foreign investment are key pieces to the U.S. and Tennessee economies. As of 2010, immigrant workers earned a whopping $1.1 trillion nationally. Roughly 200,000 were worki...

The EB-5 program has been operating under temporary reauthorizations since late 2015, but could be on the agenda for the post-election lame duck session of Congress. At a minimum we anticipate ...

Attorney Roberto Villasante set to go to trial on behalf of eight foreign investors in EB-5 Immigrant Investor Program case against Raymond James Financial Services, Inc. and others after ...

Westphalia Town Center,  courtesy of the Walton Group of Cos. The 310-acre Westphalia Town Center will ultimately feature residential, retail, office and hotel space. Walton Westphal...

Jay Peak: Tram Haus Lodge Attorneys for Ariel Quiros are pushing to have a class-action lawsuit against their client tossed out, in part, because they say claims of investor fraud ...

Gov. Peter Shumlin and Pat Moulton, who was then secretary of commerce and community development, at an event in Brattleboro in July.  The Vermont chapter of the American Civil Lib...

From guest rooms to the tea sommelier, Lucky Dragon is designed form the ground up for Asian customers.  Lucky Dragon will be the Strip’s first new-from-the-ground-up ca...

Boosted by Terry McAuliffe, the Mississippi car plant is close to a state loan default. James Watts, 54, talks outside his home in Tunica, Mississippi, about his efforts to land work at ...

250 East Houston Street Employees at 250 East Houston were reportedly told to accept much lower pay or leave Doormen and maintenance workers at the Red Square rental complex in the East V...

A rendering of Metropica and developer Joseph Kavana City approved 370,000 sf of retail, 345 apartments, 240-room hotel and 140,000 sf of office Metropica secured approval for t...

The Lucky Dragon Hotel & Casino, set to open Dec. 3, is billing itself as Las Vegas’ first Asian-themed resort. Casino operators know there are no gamblers quite like the Chin...

MontDevCo LLC development principals Greg Tatham, center left, Skip Ahern, center, and Burke McHugh, right, stand at a press conference announcing plans for One Big Sky center at Mead...

EVEN Hotel Miami Airport – rendering Hospitality giant InterContinental Hotels Group (IHG) is bringing the first EVEN-branded hotel property in the Miami area. IHG and its part...

Dave MacGillivray of St. Paul, Minn. based Springsted, a public sector advisory firm hired by the city to review the One Big Sky Center proposal, tells the Billings City Council on Mo...

Rendering of EVEN Hotel in Miami.  190-room hotel broke ground last week, also tapping EB-5 investors for construction IHG’s new wellness-oriented brand is headed for...

Supporters of the illegal immigration enforcement law rallied at the state Capitol in Phoenix.  While the overall issue of immigration is highly controversial and emotional, I’ve ...

Scott Milne at his campaign launch for U.S. Senate on Sept. 10, 2016.  Seven-term US Sen. Patrick Leahy had already scheduled a press event at the Burlington High School one r...

A proposed hotel project in Austin has managed to touch both the rough-and-tumble White House race and a contentious visa program that provides a pathway to citizenship for foreign investors. ...

The October 24 and 25 AILA EB-5 Investors Summit: Representing EB-5 Investors and Regional Centers in a Time of Upheaval will feature expert EB-5 team members and government represent...

Hollywood-based MG3 Developer Group recently closed on a $30 million loan for a charter school site in western Delray Beach. But it wasn’t loan from a traditional bank – i...

An innovative hotel, created with wellness at its core is coming to Miami. InterContinental Hotels Group newest lifestyle brand, EVEN® Hotels, has broken ground in the city of Miami...

Members of the SEC litigation team bring documents to the U.S. Federal Court South Florida District.  A federal judge will allow Ariel Quiros to use a small fraction of the pr...

As a candidate for re- election to the Vermont House of Representatives (Orleans-2) here are some things you should know about me and where I stand on some of the important issues. Born in N...

U.S. Federal Court South Florida District.  A federal judge has approved a $13.3 million settlement between a court-appointed receiver overseeing properties at the center of the largest...

A List Partners Management closed on a $3,300,000.00 loan for the acquisition of three tracts of land totaling 24,238 square feet at 900-906 E Cesar Chavez, Austin, Texas, 78702. The buyer...

Burke McHugh talks to NextGen business leaders in Billings on Tuesday. McHugh was on video conference call from Denver. A new brewery, movie theater and bowling alley would be likely pieces ...

Two new hotels planned near SeaWorld Orlando could bring in firsts for the Central Florida market — including one that is so new, it's still a prototype flag. Miramar-based Ri...

EB-5 investors put $75 million into the Hotel Jay projects, which included a five-story hotel, water park, golf and nordic center and ice arena. The developers solicited an additional $32 ...

Federal regulators suing Ariel Quiros say he is “quickly squandering” funds from investors he allegedly defrauded by asking a judge to allow him to unfreeze assets to pay ...

Former Mayor Richard M. Daley,. seen here in May 2015.  Former Mayor Richard M. Daley and his son are aiming to cash in on a federal program that offers green cards to wealthy foreigner...

Many of the mainland China born EB-5 investors recently noticed that they no longer had access to the National Visa Center (NVC) online platform for the purposes of immigrant visa fee bill paym...

Avora rises on the Weehawken waterfront.  The former railyard on the Weehawken waterfront has slowly blossomed into a new neighborhood, complete with upscale residential buildings,...

A wealthy immigrant hoping to capitalize on U.S. policy of giving permanent legal resident status to people who invest at least $500,000 in commercial enterprises claims to have lost out on tha...

Hillary Rodham Clinton’s brother’s EB-5 regional center was finally, and appropriately, terminated by the Department of Homeland Security on September 29. These centers (there ar...

The Trapp Family Lodge made its mark as a place for travelers to stay while dining on fine cuisine in an upscale Austrian-flavored restaurant. Founded by the singing von Trapp family ...

The Global Hospitality Group® of Jeffer Mangels Butler & Mitchell LLP is pleased to announce the recent closing of two hotel deals for their clients, Great Wolf Resorts and Wu...

The EB-5 immigrant investor program is now playing a minor role in the presidential primaries; the two apparent leaders, Donald Trump and Hillary Clinton, have ties to the program, though the o...

Alejandro Mayorkas, former head of U.S. Citizenship and Immigration Services, speaks at a Department of Homeland Security event.  Deputy Homeland Security Secretary Alejandro Mayorkas &...

Virginia Gov. Terry McAuliffe’s (D) GreenTech saga has kept CRC busy over the years. By the look of this week’s news, that story isn’t ending soon. The Department...

There are three cases that Worthless Willie Sorrell, Vermont AG won’t investigate because, among other reasons, they involve three of Vermont’s most prominent politicians, and/or th...

Mount Snow can’t access $52 million in foreign investment money because of an ongoing federal review of Vermont’s EB-5 Regional Center, a resort executive claims. Timot...

A feature story in Bloomberg Businessweek tells the story of an immigrant– Pedro Brito from Brazil — and his investment in AnC Bio Vermont, a proposed biomedical center in Newp...

Congress thought it extended the EB-5 visa program at the end of September — but did it? A letter from the Congressional Research Service, which serves as a research arm for Congress, ...

Both the Department of Homeland Security and the Office of Government Ethics have refused to fully pursue an ethics investigation against Democratic nominee Hillary Clinton’s brother, Ton...

Exceptional team of immigration specialists to help you in the legal process The United States immigration process is complicated and difficult. There are a multitude of immigration programs...

Chanticleer Holdings Inc (NASDAQ:HOTR) insider has recently participated in insider trading activity. CEO, Chairman, Pruitt Michael D bought 400 shares for $232 via one transaction Sep 28. Foll...

Congress extended the EB-5 visa program on Wednesday night, allowing the program to run until December.  The program, which grants foreign investors green cards after they invest at lea...

Congress granted a short-term reprieve this week to a visa program that benefits immigrants who invest in U.S. businesses, but that extension came without any reforms critics say are necessary ...

September 28, both the House and Senate have approved short-term federal spending legislation that contains an extension for the EB-5 Regional Center Program.  The legislation extends the ...

A major New York City EB-5 regional center has filed suit against entities affiliated with Dermot Company for allegedly failing to pay interest on $77 million in loans granted for its planned r...

On Sept. 30, the U.S. Senate is set to extend the EB-5 visa program, which offers residency to wealthy foreigners (and their families) if they invest in job-creating development projects, with ...

Prior to launching LCR Capital Partners (LCR), Suresh served as President and Chief Executive Officer of Java Nova LLC, a private equity funded franchisee of Dunkin Donuts. An experie...

U.S. Senate Candidate Scott Milne today asked Senator Leahy to answer questions in light of the developing web of impropriety surrounding the EB-5 scandal. At a press conference in South Bur...

U.S. Senate Candidate Scott Milne today asked Senator Leahy to answer questions in light of the developing web of impropriety surrounding the EB-5 scandal. At a press conference in South Bur...

Construction on the $135 million redevelopment of the iconic Coco Palms Resort on Kauai is expected to start in January, Pacific Business News has learned. Coco Palms Hui, hea...

"The EB-5 investor immigrant program that is popular with Chinese is expected to get a temporary extension when Congress acts on legislation to fund the operation of the US government unti...

On his first day as a city of Miami commissioner, a middle-aged Spanish-language radio host with dark, gray-streaked hair was called into an impromptu meeting in the mayor’s second floor ...

The controversial "green card through investment" visas that helped fund Orlando City's Soccer Stadium, and many other projects in the United States, are catching fire to fin...

Senator Patrick Leahy (D-Vermont) and Senator Charles Grassley (R-Iowa) spoke back-to-back on the Senate Floor Thursday morning, as the EB-5 reform issue goes down to the wi...

Some people on the South Dakota Board of Education want to write a new mission statement. The reason is obvious. They want to show they weren’t responsible for the stealing, followe...

Two top Republican committee chairmen are investigating an interagency panel that advised the federal government to shut down a controversial investor visa program that expires in October. S...

Jennifer Hermansky and Ana C. Montalbán from global law firm Greenberg Traurig, LLP were named to Legal Intelligencer’s 2016 ‘Top Women in Law.’ Accordin...

The federal receiver in charge of the assets of the Northeast Kingdom Economic Development Initiative wants to protect contractors and subcontractors in the collapsed AnC Bio project. A...

America’s EB-5 investor visa program that gives permanent US residency to foreigners who invest at least $500,000 is set to expire on September 30, with no clear path for the program&rsqu...

Proposed EB-5 reform measures didn’t get very far before stalling in Congress. The reform package provides for increased financial oversight of projects as well as some relief for inve...

As part of its bid to grab overseas investment dollars, the Metropica development team recently held a training event for the EB-5 program that allows foreign nationals to reside in t...

South Florida By The Numbers” is a web feature that catalogues the most notable, quirky and surprising real estate statistics. It is the hottest investment source in South Florida real...

Los restaurantes dirigidos por chefs en la Florida recurren cada vez más al capital extranjero para financiar la expansión de sus conceptos. Chefs y operadores de restaurantes ...

The federal receiver overseeing Jay Peak Resort and other developments at the heart of the biggest alleged fraud case in the state’s history says recent purchase offers are not legitimate...

Two major ski resort expansions have stalled in the Deerfield Valley, and for a region that relies on tourism, that means a loss of potential business and visitors. Audio for this story will...

The EB-5 Investment Program creates thousands of American jobs across the country without costing taxpayers a dime. And at IIUSA, we're working for important reforms that improve rigorous v...

The EB-5 Investor Visa Program A well-kept secret within international business, corporate immigration law, consular processing law, and finance is the EB-5 Investor Immigrant Visa, which is...

The popular US investor visa scheme EB-5 is scheduled to expire on September 30. And its expiry is expected to impact the chances of Indians to obtain green cards. Although it is still uncle...

Investors in the EB-5 program whose immigration status is in limbo due to allegations of fraud may get some relief. Proposed changes to a federal foreign investor program working their way t...

The chair and ranking member of the U.S. House Judiciary Committee has introduced EB-5 reforms in the wake of an alleged fraud in Vermont’s Northeast Kingdom. The proposed legislation ...

A new proposal to reform the controversial EB-5 visa program is causing alarm among real estate developers who’ve used it as a source of cheap capital for years. Some say its conditions w...

The Miami businessman accused of defrauding investors of millions of dollars meant to fund Northeast Kingdom development projects is renewing his call to have a federal case against him thrown ...

A contentious visa program that allows wealthy foreigners to obtain United States citizenship by investing in economic development projects will expire at the end of this month unless Congress ...

Gov. Peter Shumlin cut the ribbon on the new Burke Mountain Hotel and gave a defense of his administration’s role in the process that helped lead to the construction o...

City Development Review Board OKs Request From Ernie Pomerleau The city Development Review Board approved a plan this week to divide the Waterfront Plaza in two parcels to benefit the on-sit...

Tony Sutton, the British car dealer who pieced together suspicions about Jay Peak’s immigrant-funded EB-5 developments, says he was disappointed with the state's response to the infor...

Peak Resorts Inc., the Wildwood-based owner and operator of ski resorts, reported a fiscal 2017 first-quarter loss of $7.9 million, wider than the nearly $7.1 million loss it reported in the sa...

It is fascinating, in a way, to speculate on the Ponzi scheme perpetuated by Bill Stenger and Ariel Quiros with the EB-5 Program that was first started in 2008. It is apparent that the schem...

Billions of investment dollars are on the line as members of Congress seek to bridge their differences and save a visa program that is set to expire in October. Riddled with controversy and ...

Bill Stenger’s settlement with the federal Securities Exchange Commission (SEC), filed in U.S. District Court in Miami, Fla., on Thursday, makes clear he may still face a civil penalty an...

UNDER the EB-5 Immigrant Investor Program, foreign investors can apply for a green card if they 1) invest in a company in the United States and 2) plan to create ten permanent full-time jobs fo...

Bill Stenger, CEO of Jay Peak Resort, announced late Thursday that he reached a settlement with the U.S. Securities and Exchange Commission over the EB-5 foreign investment fraud and Ponzi sche...

Bill Stenger, one of two partners in an alleged fraud of foreign investors in Northeast Kingdom development projects, has settled with the federal Securities and Exchange Commission, according ...

The Department of State issues a visa bulletin each month to inform the public of the priority dates which will be effective for various immigrant visa (ie, US Green Card) preference categories...

Efforts to secure financing on what is being planned as the Western Hemisphere’s tallest and most expensive residential tower have been quietly extended. According to a Bloomberg repor...

A new bankruptcy filing logged in Connecticut may provide a window into just how cash-strapped embattled developer Joseph Beninati has truly become. A Connecticut entity linked to Beninati a...

The Burlington Free Press reported last week that “Vermont’s commerce secretary has released the resignation letter for Gene Fullam, the former director of the state’s EB-5 in...

A new Gulfport Harbor Casino that is planned within the state of Mississippi could be delayed if developers have a recent request approved. The developers want to see the project delayed by two...

Developers who are redoing one of downtown Dallas' largest buildings have sold the promised city financial incentives for the project. Commerce Statler Development LLC — the compan...

The cabinet today approved a proposal to offer residency permits up to 20 years to foreigners willing to invest a minimum amount in the country, emulating a model followed in the US, Singapore ...

A new formula business is coming to Holmes Beach from an unexpected place. Joe Collier, president of Mainsail Lodging & Development, announced in an Aug. 24 news release that the Waterli...

Chanticleer Holdings, Inc. (HOTR) ("Chanticleer," or the "Company"), owner, operator and franchisor of multiple branded restaurants in the U.S. and abroad, today announced t...

The parent company of Mount Snow Resort in West Dover, Peak Resorts, Inc. (Nasdaq:SKIS), has announced that it has reached an agreement to sell $20 million of its Series A cumulative convertibl...

Check out what’s new in the EB-5 world, where a team of securities lawyers are at work offering to help lawmakers understand complex legal provisions of proposed EB-5 integrity legislatio...

Embattled Jay Peak and Burke Mountain Resort owner Ariel Quiros, who is accused by federal and state authorities of masterminding an eight-year Ponzi-like scheme to defraud international invest...

Last week United States Citizenship and Immigration Services (USCIS) published updated processing times for the Immigration Investor Program Office. You can review the highlights below: I-52...

Two New York developers are seeking to raise EB-5 money for the construction of the first Edition Hotel on the West Coast, The Real Deal has learned. Howard Lorber and Steve Witkoff are tryi...

The Securities and Exchange Commission (SEC) has just published three new decisions in connection with administrative proceedings against two well known immigration lawyers, as well as against ...

Peak Resorts, Inc. (Nasdaq:SKIS) announced today that it has reached an agreement to sell $20 million of its Series A cumulative convertible preferred stock and warrants to purchase common stoc...

The chief operating officer of AZ Sourcing, parent company of PhoenixMart, is certain the project will be able to continue without the same number of foreign investors it originally secured. ...

H. Ronald Klasko, Daniel B. Lundy and Rohit Kapuria, ­attorneys with Klasko Immigration Law Partners, participated at the 2016 New York EB-5 Convention hosted by EB5 Investors Magazine. ...

A bid has been made to purchase Jay Peak Resort for $93 million, but the person who is overseeing the property through receivership said it is not for sale. A seven-page document was filed i...

If you are an elected official, tough times call for tough decisions. Then, you better be tough because, no matter what you decide, you will get some tough criticism. The six members of M...

Bill Stenger, the CEO and president of Jay Peak Resort, has asked a Miami federal court for an extension. Stenger was supposed to file a response earlier this month to allegations from the S...

Steve Witkoff, white knight? Lenders on the stalled Battery Maritime hotel have reached out to the Witkoff Group TRData LogoTINY founder to join the project and, hopefully, rescue it from fu...

The ground-floor commercial space in Kevin Daniels' planned Gridiron condo tower will be sold to local entrepreneur David Meinert. Known for his carefully curated hipster favorites inclu...

The receiver for Jay Peak Resort says he is hiring a Washington attorney to lobby Congress. Michael Goldberg, the court-appointed receiver for the Securities and Exchange Commission, wants to c...

Your recent coverage of this (EB-5) fiasco includes, “The subcontractors who built the resort are owed millions and, as Quiros’s assets have been frozen, may not be paid until the r...

At its July 28, 2016 stakeholder engagement, USCIS Immigrant Investor Program Office (IPO) Chief Nicholas Colucci focused his opening remarks on USCIS’s efforts to enhance the IPO’s...

The State is suing the South Dakota Regional Center over its management of the EB-5 program and federal authorities are threatening to revoke the states authority. EB-5 grants foreign invest...

Almost everyone agrees that Vermont Health Connect has had its problems. But today, after two and a half years of dysfunction, VHC is in desperate need of emergency care. In fact, it’s on...

HFZ Capital Group’s High Line project will probably look a little familiar to JDS Development Group. The latest renderings for the Bjarke Ingels-designed project at 76 11th Avenue show...

This week, the Department of State released the Visa Bulletin for September 2016. Given that visa numbers are issued based on the government fiscal year, we expect to see significant movement a...

A federal judge has ruled that up to $1.5 million of a settlement reached with a financial firm in a fraud investigation of two Vermont ski resorts will be loaned to a federal receive...

The Daugaard administration is trying to overturn the federal decision to strip South Dakota state government of its status as an EB-5 immigrant investor center. A law firm represe...

South Dakota is arguing to a federal immigration agency that the state can effectively manage its troubled program that recruits wealthy foreign investors for projects in exchange for green car...

Lightstone, a prominent, privately held real estate company, announced today that through the first six months of 2016 it has secured financings totaling $462 million. The financings, from the ...

While reports claim construction to turn the Ziock Building into a downtown Embassy Suites could begin this year, the numbers continue to tell another story. As was the case a year ago, the ...

Due to the complex intersection of real estate, corporate, securities and immigration law (among others), an investment in a company under the EB-5 Program can be a complicated affair. One of t...

Coral Gables-based architectural firm Nichols Brosch Wurst Wolfe & Associates (NBWW) announced the topping off of VUE Sarasota Bay, an 18-story waterfront condominium under construction in ...

The federal receiver in charge of Jay Peak and Burke Mountain resorts told the U.S. District Court in Miami recently there is not enough money on hand to pay him as well as fund resort operatio...

After six years and $90 million, the massive former warehouse adjacent to City Hall known as the Butler Brothers Building is finally open for business. Or rather, it’s open for living,...

AZ Sourcing, parent company of PhoenixMart, expects construction on the project to take place rapidly over the next two months after the city of Casa Grande granted a building permit in June. ...

Ariel Quiros, the embattled mastermind of the Northeast Kingdom Economic Development Initiative, still hopes to have the securities fraud case against him dismissed in U.S. District Court in Mi...

EB-5 & Investment Immigration Convention was held in New York City July 17th and 18th. It was hosted by EB-5 Investors Magazine and attended by professionals including famed economist Dr. A...

Democratic gubernatorial candidate Sue Minter is on the hot seat for her role in a contract between the State of Vermont and Ariel Quiros to operate the airport here. She signed a renewal for Q...

Sue Minter and Matt Dunne's recent feuding isn't just limited to renewables. Dunne released an open letter late last week, questioning Minter's decision as transportation secreta...

U.S. House of Representatives candidate Paula Hawks is calling to put an end to South Dakota's controversial EB-5 visa program. Hawks, a Democratic State Representative from Hartford, sa...

According to data recently supplied by USCIS, there are more than 20,000 I-526 petitions pending adjudication as of the end of March 2016. This is a massive backlog of cases. What are the impli...

The global immigration law firm, Pearl Law Group, announced today that its new High Growth Practice Team will be led by the former partners of Lipson & Pretorius, a boutique immigration fir...

Majority of the Hallets Point development was shelved after expiration of 421a Life, liberty and the pursuit of capital. The Durst Organization is looking to raise a quarte...

Vermont Business Magazine Matt Dunne today sent the following letter to Sue Minter regarding information his campaign received about a single source state contract with Ariel Quiros f...

Andre Hurst of HIRC has been meeting with several members of the Senate Judiciary Committee to discuss the proposed changes in the EB-5 Visa program.  Andre Hurst discussed with Senator Ch...

State officials ignored warnings as much as four years ago that the Jay Peak developers had potentially misused immigrant investor funds, documents indicate. Douglas Hulme, owner of the EB-5...

Jonathan Falik, CEO of JF Capital Advisors, speaks with David Sudeck, senior member of JMBM’s Global Hospitality Group® at JMBM’s 2016 Meet the Money® – the national h...

State officials ignored warnings as long as four years ago that the Jay Peak developers had potentially misused immigrant investor funds, documents indicate. Douglas Hulme, owner of the EB-5...

Ariel Quiros is hitting back. The Miami businessman at the heart of the Jay Peal/Burke Mountain EB-5 scandal wants a lawsuit filed by the state of Vermont against him and his EB 5 partner Bi...

State officials say the man responsible for promoting economic development projects in Vermont through the federal EB-5 program has resigned from his position. Gene Fullam, a former Wall Str...

Debate continues over what state officials knew when about the alleged EB-5 fraud in the Northeast Kingdom.  Four guests join us today to discuss the situation. We'll hear an update...

Another new South Florida hotel is nearing reality, thanks in part to a federal program that allows foreigners to invest here in exchange for permanent U.S. residency, under select conditions. ...

Democratic gubernatorial candidate Peter Galbraith rolled out a seven-point ethics proposal on the steps of the Statehouse Thursday, that would mitigate undue influence on lawmakers. “...

The Obama administration’s fetish for wealthy foreign nationals — expressed through relentless promotion of an immigrant investor program — has spilled over to a little-known ...

An EB-5, foreign-investor funded project at Okemo Mountain Resort in Ludlow has been cleared to resume soliciting money from immigrant investors, and state regulators say the SouthFace Village ...

Jay Peak and Burke Mountain will be sold separately, according to receiver Michael Goldberg. A federal court in Miami seized control of both resorts in April after the Securities and Exchang...

NES Financial announced today that NuRide Transportation Group LLC has implemented its EB-5 Fund Administration Solution on the company’s New York City Green project. New York City Gre...

The CEO and president of Jay Peak Resort is expected to reach a settlement with the Securities and Exchange Commission in the next few weeks, according to court filings. If Bill Stenger stri...

We previously warned that some individuals involved with arranging EB-5 investments may be required to register as broker-dealers (see "Immigrant Investor Program Raises SEC Broker Registr...

Completion of Mount Snow's new West Lake snowmaking system is not likely to be ready this winter as the ski resort waits on cash from the EB-5 funding program. "We don't know fo...

Susan Donegan and Patricia Moulton are the leaders of two critical state agencies – The Vermont Department of Financial Regulation and The Vermont Department of Commerce. They have worked...

The state’s secretary of commerce and community development has been appointed interim president of Vermont Technical College. Patricia Moulton will replace outgoing president Dan Smit...

Construction financing totaling just over $1 billion for the Century Plaza Hotel redevelopment in Los Angeles’ Century City area has been secured, according to developer Next Century Part...

A contractor, affected by the alleged EB-5 scandal at Burke Mountain Resort and Jay Peak, closed on a more than half-million dollar loan Monday to help carry his business through the summer con...

The federal receiver appointed to right the ships at Burke Mountain, Jay Peak and the other assets of Ariel Quiros is seeking federal court approval for the Management Agreement with the firm n...

The Securities and Exchange Commission is proposing court dates for the litigation of charges against Ariel Quiros, a Miami businessman who is accused of stealing more than $55 million from imm...

One of the most interesting and controversial facets of current immigration law is the EB-5 Immigrant Investor Program, whereby foreign investors (and their immediate families) can acquire lawf...

State regulators last month told an EB-5 developer in southern Vermont to stop marketing a ski condo project to potential immigrant investors for the time being. The Vermont Department of Fi...

South Dakota has always been a handshake state. That is something of which most of us are and have been proud. We assume honesty, and a handshake is a person’s word. But the world h...

Rockford’s Mayor is headed to China once again to solicit construction money from investors.  He’s partnered with Wisconsin developer Gary Gorman to redevelop the Amerock bu...

The most recent news to hit Vermont indicates that state regulators are paying greater attention to the details of EB-5 projects in the aftermath of the problems besetting certain Northeast Kin...

Rockford Mayor Larry Morrissey is on his way to China to woo investors for a $67 million, 160-room Embassy Suites hotel downtown. Morrissey and Gary Gorman, president of Wisconsin-based Gorm...

Accused Ponzi-scheme mastermind Ariel Quiros, owner of Jay Peak and Burke Mountain Resorts, filed a motion in U.S. District Court in Miami, Florida, seeking to have the federal Securities Excha...

After reading Bob Mercer's "South Dakota Doesn't Have To Be The Land of Scandals" column in the Sunday Rapid City Journal, I became more convinced than ever that we should pas...

A new Canopy by Hilton hotel will open in the fall of 2017 among the cobblestone streets of the Pearl District on Portland’s Gallery Row. The property is developed by Washington, D.C.-bas...

Michael Pieciak, who led Vermont's investigation into an alleged fraud scheme in the Northeast Kingdom, has been selected to lead the state Department of Financial Regulation. Gov. Peter...

A state superior court jury awarded a Plainfield woman $400,000 in damages in a lawsuit against her former employer, Seldon Technologies, in which the woman alleged the Windsor water filtration...

Scandal Land. Harsh, perhaps, but it doesn’t feel too strong. Not with seven dead, and four awaiting criminal trials, possibly facing jail or prison, and other persons of possible inte...

Raymond James & Associates agreed to pay almost $6 million to settle charges from Vermont financial regulators that investments related to a ski resort violated state laws, making it the la...

Raymond James and Associates has agreed to pay the Vermont Department of Financial Regulation $5.95 million for its part in the massive fraud scheme involving the Jay Peak ski resort. Susan ...

Around 1,200 Indians have applied to invest half-a-million dollars each to settle in US under a government sponsored 'invest in the US and get a green card scheme', according to a repor...

The Vermont Department of Regulation has reached a settlement with Raymond James and Associates, Inc., in connection with the EB-5 scandal in the Northeast Kingdom. Raymond James has agreed ...

The developers of the proposed supertall condominium at 45 Broad Street are projecting a sellout of $624.4 million, according to an offering memorandum for construction financing obtained by Th...

An EB-5 developer in Miami plans to break ground on a $24 million Miami airport hotel this fall, marking the first of three hospitality properties in the works for Riviera Point Development Gro...

Mark English, who runs a real estate business at the foot of Jay Peak, was about to finalize the sale of a condo on the mountain when news that a federal court had taken control of the ski reso...

Two lending agencies are offering a special loan program for the building subcontractors who have not been paid for work at Jay Peak and Burke Mountain ski areas. About $4.6 million is owed ...

Jay Peak Resort reopened its aerial tram Saturday for the summer after repairs and clearance from state engineers. This week, the iconic attraction will run from 10 a.m.-5 p.m. through Thurs...

Jay Peak's iconic aerial tram started spinning on Saturday and will run as a scenic attraction through the summer seven days a week. The resort brought in an aerial tramway specialist an...

The aerial tram at Jay Peak Resort reopened Saturday. The tram was shut down at the end of the ski season this spring when state officials determined that it needed to be repaired before it cou...

Every so often the South Dakota Banking Commission finds itself in muddy waters. There was the 2010 decision in which the commissioners decided an offshore lender wasn’t a bank. The ma...

An EB-5, foreign investor-funded project at the base of Okemo Mountain Resort has come under new regulatory scrutiny over statements in its financial prospectus to investors. And the Vermont De...

PhoenixMart is officially under construction. The long-awaited 1.5-million-square-foot expo center in Casa Grande, first announced in 2012, is finally going vertical. Casa Grande issued t...

The delay in processing EB-5 immigrant visas caused by the increasing waiting line commonly referred to as “retrogression” is causing an increase in demand by parents in China to ha...

Mount Snow Resort administrators aren’t the only ones irked by the federal government’s backlogged EB-5 program. A Florida man who sank $500,000 into the Dover resort’s for...

Ritzcoin Technologies Inc (Ritzcoin) in partnership with Europa Village broke ground on the first ever real estate investment project using Cryptocurrency. The partnership comes as part of a la...

HAP Investments – which has cycled through multiple designs for a planned rental-condominium development in Chelsea – is now seeking $60 million from EB-5 investors for the project....

Gary Barnett is looking to raise $190 million in financing for Extell Development’s Central Park Tower development through the EB-5 program, according to marketing materials on a Chinese ...

The $3.5 million demolition of the iconic Coco Palms Resort on the island of Kauai has started and is expected to take up to six months to complete, the developer told Pacific Business News. ...

One of China’s largest developers has joined Madison Equities as an investor and developer of a planned 206-unit condominium at 45 Broad Street in the Financial District. Gemdale Prope...

The United States offers 140,000 immigration visas each year based on applicants’ job skills — or, in one special category, on the ability to invest $500,000 to $1 million. That ...

A decade ago, when the state of Vermont was outbid by a Canadian company for a package of hydroelectric dams along the Connecticut and Deerfield rivers, many observers, including ourselves, lam...

Jay Peak Resort recently completed a three-day inspection of its aerial tram, with initial repairs to be done in time for some summer operations. The resort, in cooperation with the state&rs...

Ever the cop on the EB-5 beat, the Securities and Exchange Commission has levied a $1 million fine on one of the biggest and longest-established entities in the EB-5 business — American L...

The major skirmishes in the legal battle over Jay Peak’s EB-5 projects seem to have settled down, at least for the moment. Civil suits filed against Ariel Quiros, the owner of Jay Peak an...

One of Seattle’s top developers has been fined more than $1.2 million for using unlicensed advisers to steer investments from would-be immigrants into his projects. American Life and i...

Last December, the U.S. Congress decided to extend the EB-5 visa program through Sept. 30, 2016, without making any changes to it, despite rumors that alterations – some of them drastic &...

A lumber company has been named in a qui tam action filed in Florida federal court by a former human resources generalist who alleges that the company submits false statements to government age...

A Guam hotel and shopping mall developer’s plan could allow as many as 700 foreigners and their dependents to reside in the United States through an investment-for-green-card program. ...

A February trial has been scheduled in the financial misconduct case against the man who once ran South Dakota’s investment-for-visa program. The American News reports that Joop Bollen...

The Grenada government says it doesn’t expect any fallout from the civil charges brought against an investor who acquired citizenship under the country’s Citizen By Investment (CBI)...

A progressive blogger in Los Angeles is ratcheting up criticism against Florida Democratic U.S. Senate candidate Patrick Murphy over his ties to political donors who benefit from a visa program...

Bridge Capital LLC is proposing to develop a $421 million commercial facility, which includes twin towers with a total of 590 hotel rooms, at the former site of Guam Greyhound Raceway Park in T...

A new lawsuit in the Jay Peak saga uses a legal theory that plaintiffs counsel says is untested in Florida state court: If a financial institution touches money, even for a second, it must try ...

Almost everyone agrees that Vermont Health Connect has had its problems. But today, after two and a half years of dysfunction, VHC is in desperate need of emergency care. In fact, it’s on...

The Orlando City Soccer Club grabbed headlines when news broke that it’s luring foreign investors with green cards as a way to help build the new stadium in Orlando. Intersection talks to...

The Orlando City Soccer Club grabbed headlines when news broke that it’s luring foreign investors with green cards as a way to help build the new stadium in Orlando. Intersection talks to...

Las Vegas-area business representatives are in Washington, D.C., this week, seeking congressional support for projects including an Interstate 11 link to Phoenix and federal funds for security ...

Tishman Speyer has filed plans for a two-tower commercial project in Long Island City, next to its 22-story office building known as Two Gotham Center. New building applications filed on Fri...

Klasko Immigration Law Partners partner Daniel B. Lundy was elected co-chair of the Invest In the USA (IIUSA) banking committee. Lundy practices almost exclusively in the EB-5 immigration vi...

The unfortunate situation with the EB-5 program presents an opportunity to reflect on the state’s approach to economic development. Among other responsibilities, the State Auditor’s...

The embattled owner of Burke Mountain Resort and Jay Peak, Ariel Quiros Sr., continues to maintain he did not violate securities rules to the federal judge in U.S. District Court in Miami overs...

Based on our ongoing cooperation agreement with Third Party countries, we have received information that Mr. Charles Liu, a citizen of Grenada under Section 11 of Grenada’s Citizen By Inv...

The man who once ran South Dakota’s scandal-ridden investment-for-visa program has pleaded not guilty to felony charges stemming from a financial misconduct investigation. The Aberdeen...

Vermont Sen. Patrick Leahy says recent federal fraud charges have shaken his confidence in what was once praised as the most successful EB-5 project in Vermont. Leahy has long supported the ...

Vermont Sen. Patrick Leahy has been pushing for criminal justice reform in Washington and here in Vermont. Speaking in Burlington last month, he said, "we have an over incarceration proble...

The Securities and Exchange Commission told a federal court judge on Friday that there is sufficient evidence to show Jay Peak owner Ariel Quiros violated securities laws, and there is a reason...

Mount Snow, in West Dover, Vermont, announced last week that its $52 million EB-5-funded business plan to upgrade snowmaking and build a new lodge got a federal green light. The funds will b...

It’s been six years since Democrats swept to power in Montpelier, but they’re facing some unlikely critics as they try to retain it. And the Democratic gubernatorial candidates seek...

On May 25, Peak Resorts, Inc. (NASDAQ:SKIS)announced that the United States Citizenship and Immigration Services (USCIS) approved the company’s Mount Snow EB-5 program. The related $52 mi...

Peak Resorts Inc (NASDAQ:SKIS) received a stock rating upgrade from Macquarie on May-26-16. In a note to investors, the firm issued an Outperform rating. The analysts previously had an Underper...

For 50 years, second homeowners at a Jay Peak Resort subdivision have had access to free water, but that perk will likely be another casualty of the EB-5 scandal. Michael Goldberg, the court...

Mount Snow CEO Dick Deutsch's long months of waiting are over. The resort's EB-5 project has been approved, after two years, by the U.S. Citizenship and Immigration Services. The app...

Peak Resorts, Inc. (NASDAQ:SKIS), a leading owner and operator of high-quality, individually branded ski resorts in the United States, announced that the United States Citizenship and Immigrati...

Ski resort operator Peak Resorts, which owns the Hidden Valley Ski Area in Wildwood, announced it raised $52 million from EB-5 investors for upgrades to its Vermont resort.  Wednesday&#...

AMTX is a producer of ethanol in California and biodiesel in India. AMTX is still struggling to become profitable and has considerable debt. AMTX has promising prospects in the form of hi...

Prior to a groundbreaking for the new spec building at the Metcalfe County South Industrial Park on Tuesday, Maureen Carpenter with the Bowling Green Area Chamber of Commerce spoke to members o...

As we approach the 2016 presidential elections, the presumptive Republican nominee, Donald Trump, has been outspoken on the issue of immigration, making it one of the cornerstones of his campai...

Real Hospitality Group (RHG) has added Joseph Yi to its executive team as chief investment officer. Ben Seidel, president and CEO, noted the move represents a major strategic initiative, emb...

A U.S. District Court judge OK'd plans for a Las Vegas developer and a Chinese firm to take over a stalled 41-story hotel and housing project at 2116 Fourth Ave. in Belltown. The ruling ...

The EB-5 immigrant investment program is ripe for change following a scheme linked to a South Florida businessman that bilked investors of hundreds of millions of dollars, attorneys said. &q...

A $500 million plan to redevelop Jay Peak Resort in Northern Vermont was a Ponzi scheme that bilked people through the EB-5 investor visa program, three foreign citizens claim in a RICO class a...

The U.S. attracted $3 billion in investments in 2015, by granting green cards to foreign investors who invest $500,000, as a part of the EB-5 investor program. Countries that have difficulty at...

Immigrant investors who were allegedly defrauded by developers in the Northeast Kingdom are afraid their families will be deported in a matter of weeks unless officials take action very soon. ...

U.S. Rep. Patrick Murphy is good at raising money for his campaigns. His wealthy father is also very good at funneling dollars into his son's races. That combination has worked for Murph...

A potential buyer met Wednesday with the mayor of Newport City and the court-appointed receiver in charge of the vacant Main Street block about its future development. The meeting was &ldquo...

Now that the biggest EB-5 project in Vermont — and one of the biggest in the country — has collapsed into allegations of fraud against Bill Stenger and Ariel Quiros, erstwhile owner...

The United States Department of Homeland Security (DHS) has proposed increasing the fees that United States Citizenship and Immigration Services (USCIS) charges for certain immigration and natu...

Orlando City owner Flavio Augusto da Silva is using a controversial U.S. government program to offer green cards to foreign investors. In what appears to be the first such move for a sports ...

The federal Securities Exchange Commission on Tuesday filed an amended complaint in the securities fraud case it filed in mid-April against Ariel Quiros and Bill Stenger. According to Michae...

The federal EB-5 program has become notorious in Vermont because of the alleged fraud carried out by two ski area developers accused by federal authorities of bilking investors out of tens of m...

As the dramatic revelations in the Northeast Kingdom continue to come to light, Vermonters are left with anger and lost trust. The most tragic result of losing trust would be to conclude tha...

Chinese nationals bought more than $110 billion worth of both residential and commercial real estate over the past five years. Last year’s surge in purchases moved them past Canadians, to...

China’s love for real estate knows no bounds. And American cities like the Soma district in San Francisco and downtown Los Angeles are getting more than a skyline make over because of the...

The federal Securities and Exchange Commission (SEC) in U.S. District Court in Miami, Florida, balked at a motion from Ariel Quiros to unfreeze assets to pay lawyers as he defends himself again...

U.S. Rep. Patrick Murphy brushes off questions about his support for EB-5 visa legislation and ties to his father’s construction business. "I'm a member of Congress and I'...

A federal receiver appointed to oversee developments around a Vermont ski resort amid allegations of massive fraud says he may borrow money to finish one of the projects that has left foreign i...

Bill Stenger and Ariel Quiros received permission to raze the former Spates Block in downtown Newport City last year on one key condition. And now that condition could potentially deter new ...

A local restaurant group is cashing in on EB-5 investors. Tapco Restaurant Group, which owns and operates Tap 42, closed on the final portion of a $4.5 million EB-5 loan as it plans a South ...

An aquaculture shrimp farm has finally paid dozens of employees a partial paycheck after WPBF 25 News pressed the company to find out why they hadn't been paid in over a month. Florida O...

Republican Scott Milne is ramping up his criticism of Democratic U.S. Sen. Patrick Leahy as he weighs a challenge to the Senate’s longest-serving member. Milne, 57, who narrowly lost t...

Ariel Quiros’s lawyer, who last week filed a memorandum seeking for him to regain control over his businesses in the Northeast Kingdom, was not the same attorney representing him for a sh...

Attorney General Marty Jackley confirms that on Friday, May 6, 2016, a Brown County grand jury issued an indictment charging Joop Bollen, 52, Aberdeen. Bollen was originally charged by compl...

Small businessman Scott Milne made the following statement today regarding Sen. Patrick Leahy’s refusal to release his official correspondence regarding the EB-5 program: “Like t...

Scott Milne, a Republican who is mulling a run against U.S. Sen. Patrick Leahy, D-Vt., is demanding that the senior senator release all communications from his office about the EB-5 immigrant i...

The Securities and Exchange Commission has asked a federal judge to deny a request to lift a hold on the assets of Ariel Quiros who was accused last month of defrauding hundreds of immigrant in...

Holland & Knight partner Judi Kreitzer represented Wells Fargo as its agent for a group of lenders involved in a $340 million construction loan for developer Tibor Hollo's ambitious Pan...

The House and Senate agreed to a $27.4 million in fee increases Thursday evening. Most of the money — $24.25 million – comes from a bump in fees for mutual funds and securities b...

With just days left in the legislative session, lawmakers are looking to limit taxpayer funding for the EB-5 foreign investor program. The Vermont EB-5 Regional Center has been supported by ...

An investor in a hotel at Jay Peak on Wednesday filed a class action lawsuit against Raymond James Financial in Miami federal court. Alexander Daccache, the plaintiff, alleges that the finan...

A bottleneck in processing EB-5 visa paperwork by the US Customs and Immigration Service is having a direct impact on two Mount Snow projects. According to Mount Snow VP Dick Deutsch, $52 mi...

One of the issues holding up the opening of the new hotel and conference center at Burke Mountain Resort has been resolved. The federal receiver in control of the property now has copies of the...

While the lodging industry remains in what the majority of its players cite as an “elongated” period of prosperity, the viewpoints of many of those—from panelists to attendees...

Among the many troubling questions raised by the financial disaster that has befallen the Northeast Kingdom since the government has accused the operators of the Jay and Burke ski areas of oper...

City employees last week took down the banners along the fence around the razed block on Main Street. The banners, featuring images of the old block and mention of the now defunct Renaissanc...

Ferguson was admired among her legal colleagues for her free spirit, kindness, and work ethic. She often took on tough, financially unrewarding cases, and was actively involved in humanitarian ...

The Vista Tower is ready to go. Mayor Rahm Emanuel announced today that the developers of the 95-story riverside tower designed by Jeanne Gang will break ground on the project this summer. A...

Gov. Peter Shumlin’s administration released 5,500 pages of emails from five top aides shortly after 5 p.m. on Friday. The emails were scheduled to be deleted earlier this month. The e...

In February 2014, Kathy McQuillen closed her family’s flower shop, which had been a fixture in this small city’s downtown for nearly 50 years. Not because business was slow or th...

Some EB-5 foreign investors are willing to put more money on the table to finish building townhouses and condos at Jay Peak Resort’s State Side project to get their green cards. Court-...

Governor Bumblin and the Northeast Kingdom To the Editor: The emerging EB-5 scandal and Gov. Bumblin’s role in it is but another shameful chapter in the treatment of NEK citizens by...

Florida EB-5 Regional Center and Spoleto Brazil announce its partnership to provide an initial $25 million EB-5 investment opportunity within the restaurant industry. With two existing establis...

About a decade ago Thomas L Friedman, foreign affairs columnist for The New York Times, published The World is Flat: A Brief History of the Twenty-First Century, which described the complexitie...

New York’s real estate industry is keeping a close eye on Capitol Hill – and not just because the U.S. Senate is debating the future of the EB-5 visa program. In March, the House fi...

Despite growing concerns Jay Peak will close, the man charged with overseeing the resort’s finances said Wednesday. He has a plan to keep the ski destination open.    During ...

Soon after he arrived in the state two weeks ago, Michael Goldberg ditched his suit in favor of the sweaters and slacks of “Vermont casual.” Goldberg is the attorney appointed by...

Four days after a federal court judge in Miami gave him control over the Q Burke Hotel in Vermont, Michael Goldberg was in East Burke on Tuesday showing the property to two potential buyers. ...

Ariel Quiros Sr. was called before an enforcement division of the U.S. Securities Exchange Commission on May 22, 2014, the day after his business partner in the Jay Peak and Q Burke resorts, Bi...

In the week and a half since federal and state authorities accused a pair of Northeast Kingdom developers of massive fraud, some of the state's most powerful politicians have sought to walk...

The court-appointed receiver, in control of Jay Peak Resort and its related companies after state and federal lawsuits were filed, has created a hot line for creditors. Michael I. Goldberg, ...

Last week VTDigger broke the story that “The general counsel for the Shumlin administration asked the state’s tech department on April 8 to delete ‘all archived email’ f...

While allegations of wrong-doing only came to light this week, federal depositions with Ariel Quiros Sr. and Bill Stenger were taken nearly two years ago. Documents were posted this week on ...

Despite FBI and U.S. Securities and Exchange Commission probes into its foreign investors, AZ Sourcing, the company behind PhoenixMart, says it is moving forward with construction of the giant ...

Virtually every prominent Vermont politician condemned the alleged multimillion-dollar fraud in the Northeast Kingdom after federal authorities charged the developers last week, but Vermonters ...

Rep. Chris Pearson, P-Burlington, is calling for Gov. Peter Shumlin's administration to release the former staff emails that Shumlin's attorney requested be deleted. The request beca...

Dick Deutsch, vice president of business and real estate development at Peak Resorts, shed some more light on Mount Snow's West Lake snow-making pond and Carinthia Base Lodge projects that ...

A week after allegations of massive fraud in a series of real estate deals in Vermont's Northeast Kingdom, disappointment and frustration continue growing among many people in affected comm...

Federal authorities launched an investigation into Jay Peak’s EB-5 projects nearly a year before state officials had their first inkling that something illegal was afoot. And documents on...

by Patrick Leahy Years ago when I began working to reform the national EB-5 program, the problems we saw seemed far removed from the many promising EB-5 development projects in Vermont. It is h...

Randy Brock, candidate for lieutenant governor, said today: “The news of an alleged ‘Ponzi-like’ scheme linked to Jay Peak, Q Burke Resorts and ANC Bio ...

The long-awaited plans to redevelop the historic Baker Hotel remain on hold. The huge structure still towers over the Mineral Wells skyline, attracting curiosity seekers, history b...

A disappointed Sen. Patrick Leahy said Friday he had no regrets about being one of the country’s leading champions for the EB-5 immigrant investor program and said reforms that he’s...

A private venture that was supposed to spark an economic renaissance in northern Vermont has turned into what state and federal authorities are calling a “Ponzi-like” fraud on forei...

Businessmen behind Jay Peak and Q Burke ski resorts have been charged with fraud for alleged misuse of more than $200 million in investor money raised through the federal EB-5 program. Accor...

The man at the center of a massive alleged fraud in the Northeast Kingdom has been a major donor to the Vermont Democratic Party. Since October 2012, Jay Peak owner Ariel Quiros and one of h...

Employing his strongest words to date, Sen. Patrick Leahy (D-Vt.) said Friday that Congress should "kill" the federal EB-5 investor visa program if it can't reform it. Leahy...

Reports of a Securities and Exchange Commission investigation had been circulating for months last July when Jay Peak Resort president Bill Stenger met with a reporter to insist that his $500 m...

U.S. Sen. Charles Schumer (D., N.Y) Wednesday had an answer to those who want to use a federal immigration program to help spark property development in impoverished neighborhoods: it won&rsquo...

Vermont’s top financial regulator said delays in the opening of a Northeast Kingdom hotel occurred because the developers were running short of money. Susan Donegan, the commissioner o...

Developer Jeff Berkowitz has reportedly given up on his search for $9 million in county funding for his SkyRise Miami project, saying he’ll move forward without it. The developer said ...

A rash of recent headlines suggest serious trouble for the various EB-5 development initiatives of Bill Stenger and Ari Quiros. As we wrote in a February comment: The new hotel and confer...

A new EB-5 funded, Class A office condominium in Doral has opened at 92 percent sold.   The Riviera Point Business Center Doral, a $9.5 million, 41,000-square-foot office center at 1500...

Undated (KELO-AM) Their Democrat challengers in November are trying to wrap South Dakota Senator John Thune and U.S. Representative Kristi Noem in the folds of the EB-5 and Gear-up scandals. ...

A Renzo Piano-designed luxury condominium at 100 Varick Street could become the first major New York development to get debt, equity and mezzanine financing all from China. The developers&rsquo...

In Steve Levesque’s view, Maine has plenty of underused aviation resources: runways, hangar space, industrial power supplies. What it doesn’t have is money – the kind of mo...

Investors in a planned Newport biotech facility are asking for their money back, according to documents released by the state to VTDigger through a public records request. In a March 15 memo...

State regulators say developers of Q Burke Hotel have taken “millions of dollars in construction management” fees out of funds for a hotel project at the resort in East Burke. Un...

The attorney for a man who once ran South Dakota's scandal-ridden investment-for-visa program said Friday the state is trying to make his client a scapegoat by bringing felony charges again...

The lawmaker who led the legislative inquiry into South Dakota’s immigrant-investor scandal said Friday that his committee lacked information it would have needed to pin blame on the man ...

The United States Citizenship and Immigration Service (“USCIS”) administers the EB-5 visa program for immigrant investors seeking permanent residency in the United States. To receiv...

Extell Development isn’t just giving Asian buyers the first crack at buying apartments at its forthcoming condominium in Lower Manhattan. The firm is eyeing Asian investment in the projec...

A set of detailed renderings of the Renzo Piano-designed residential buildings at 100 Varick Street and 555 Broome Street have emerged, and construction is currently underway at the site pitche...

After a three-year investigation, the first criminal charges have been filed in the state's EB-5 case. Joop Bollen, the owner of the South Dakota Regional Center in Aberdeen, is now faci...

CanAm Enterprises, LLC (“CanAm”) has reached another milestone! On March 23rd, 2016, the Valley Forge Convention Center repaid its loan in full and early to its 80 investors. It is ...

Infrastructure work has begun on the $6 billion Treasure Island and Yerba Buena Island redevelopment, one of the largest mixed-use projects in the Bay Area with 8,000 residential units planned....

Tishman Speyer is soliciting funds for the redevelopment of Macy’s former Brooklyn headquarters on Fulton Street, according to marketing materials provided to prospective Chinese investor...

A lot foreign investors tried to clamber aboard the EB-5 train in 2015, fearing it would leave the station. The number of applications for the controversial investments-for-visas program cli...

Hudson Companies plans to seek an infusion of Chinese capital in the form of EB-5 for its Brooklyn Heights library redevelopment project, which includes a 36-story condominium tower. The Dav...

Private equity funds have become a staple of investment in every industry sector from real estate to technology to energy to healthcare and more. The investment success of private equity funds ...

On April 1, 2016, USCIS will begin to accept FY2017 H-1B petitions. If employers have not yet finalized their decisions on whether to sponsor current employees or potential new hires, they shou...

The Department of State (DOS) has released the April 2016 Visa Bulletin, with the Application Final Action Date chart for employment-based applications reflecting some substantial movement. Not...

At this point, Alan Grayson isn’t surprised that yet another Democrat has endorsed Patrick Murphy in their battle for the Democratic nomination for U.S. Senate in Florida, even if it&rsqu...

  EB-5  is a growing and acceptable financing methodology as part of the capital stack in many U.S. projects, with real estate assets remaining the primary focus for investment of ...

On March 17, I attended the 6th Annual Invest in America Summit held in Beijing. As a follow-up to my post last week, I will address the following issues that resulted from the conference. T...

Local developer Lobsang Dargey's latest Everett project — Potala Place and Farmer's Market — promised to add a hipster touch to downtown's gritty reputation with its str...

Bill Stenger, general partner for Q Burke Mountain Resort, said Friday the hotel’s partners are working hard to pay the money still owed to the general contractor for the new $50 million ...

The Lam Group can move ahead with plans to build its 465-key Virgin Hotel in NoMad after scoring a $222 million construction loan from the Shanghai Commercial Bank. The development firm, hea...

There's a lot going on in the usually shuttered world of the EB-5 (immigrant investor) program. There is an intriguing new court case, reminders by the DHS inspector general that the progra...

The Immigrant Investor Program, also known as “EB-5,” provides a means for foreign nationals to obtain Lawful Permanent Resident Status (a “Green Card”) in the United St...

Panorama Tower will already be the tallest residential high-rise on the eastern seaboard south of New York, but developer Tibor Hollo wants to take it a little higher. The 83-story, 822-foot...

Davide Bizzi’s Bizzi & Partners, Michael Shvo and Howard Lorber’s New Valley raised $175 million through the EB-5 program from the Chinese for their 91-story tower at 125 Greenw...

With the ink barely dry on financing for Bizzi & Partners and Michael Shvo’s planned tower at 125 Greenwich Street, the Carlton Group has filed a lawsuit against the developers and is...

Peak Resorts Inc., the Wildwood-based owner and operator of ski resorts, reported a fiscal third-quarter profit of $3.7 million on revenue of $38.7 million. Revenue in the recent quarter fel...

An as example of how slipshod some EB-5 offers can be, here's a developer who has run an uncorrected proposal on the Internet for weeks that manages to confuse $1.575 billion with $157.5 mi...

This week is Sunshine Week, a national observance to spotlight the importance of openness and transparency in government at all levels. Open government is fundamental to good government. Ope...

Interest is increasing in India for the EB-5 visa program, which gives a Green Card for the applicant and his immediate family members, for investing a minimum of $500,000 in a USCIS approved p...

Immigrant EB5 visas, for small business that create jobs in the US, have seen a spurt of interest in India with applications under this quota increasing 25% year over year, say sources. For the...

Floridians for a Strong Middle Class, a super PAC supporting Democratic Rep. Patrick Murphy’s U.S. Senate bid, may have accepted $50,000 in illegal, possibly criminal contributions from a...

EB-5 program can create jobs, finance development and market state globally, says Bluegrass International Fund CEO Lynn Allen Mark Green: Bluegrass International Fund, founded in late 2013, ...

The flood of Chinese money into Bay Area housing is coming not just from home buyers. Developers and investors are also building and backing large residential projects here. They mainly want to...

Northeastern Vermont Development Association David Snedeker, NVDA Executive Director in the following report updates economic development projects in the Northeast Kingdom, including at Q Burke...

Donald Trump continually vilifies China but without them he might not get his next building project off the ground. Throughout his presidential campaign, Donald Trump has attacked China and ...

Since 1990, the United States has offered a path to permanent U.S. residence for enterprising foreign investors. In the U.S. EB-5 Immigrant Investor Program, a foreign investor commits a cer...

The EB-5 visa program offers green cards to foreign investors for $500,000 It’s grown tremendously in popularity in China Sycamore at Tyvola apartments will total 288 units A vis...

Along with Singapore, Hong Kong is one of Asia’s main financial centres Asia’s tycoons are wrestling with two threats to the continued wealth and wellbeing of their family busine...

Throughout his presidential campaign, Donald Trump has fixated on China’s increasing economic influence as exemplary of America’s failure to win anymore. He has not, however, thus f...

Since its inception as part of the Immigration Act of 1990, the EB-5 program has had a $1,000,000 threshold capital investment requirement, with that minimum decreased to $500,000 for projects ...

The Florida EB-5 Regional Center announces a prospective investment opportunity for EB-5 Spoleto Investors, LP to finance the development of 23 additional Spoleto Florida locations in...

The US employment-based fifth preference category (EB5) immigrant visa, received on investing $1 million in a new business, has been extended late last year. The amount of investment for EB5...

The EB-5 Immigrant Investor Program has Provided a Breeding Ground for Securities Fraud Back in 1990, Congress created the United States Citizenship and Immigration Services (USCIS) EB-5 Imm...

This week, the Senate Judiciary Committee will hold its second hearing of the year examining the EB-5 Regional Center Program.This program is designed to bolster the U.S. economy by incentivizi...

Tishman Speyer is soliciting funds for a major 1 million-square-foot office project in Long Island City, according to marketing materials provided to prospective Chinese investors. The devel...

Madison Equities and the Pizzarotti Group’s 1,000-foot condo tower at 45 Broad Street will be a soaring golden colossus with a slim midsection and a hulking top, according to new renderin...

On December 18, 2015, President Obama signed the Consolidated Appropriations Act for Fiscal Year (FY) 2016. The bill contained several immigration provisions which amended the Visa Waiver Progr...

Patients are expected to arrive in the midst of a project to convert a former factory in Auburn into post-surgical housing. A banner announces the $50 million medical tourism project that&rs...

India is planning to offer an investment­-linked residency permit for foreign companies that invest Dh7.34 billion ($2 billion) in the country, according to a media report. “If a f...

Klasko Immigration Law Partners attorneys Ronald Klasko and Daniel B. Lundy received awards for their expertise and leadership in the EB-5 industry during the third annual Las Vegas EB-5 Confer...

The Daugaard administration’s proposal to deter corruption in state government and throughout South Dakota’s public education system won unanimous approval Wednesday from the state ...

As two extension deadlines came and went for the EB-5 Regional Center Program at the end of 2015, it became clear that meaningful reform for the program would have to wait. Ultimately, the prog...

The key word at the Bright Oaks of Aurora ribbon-cutting Tuesday was family. And nowhere was that more evident than with Bright Oaks' developers, Nader Kameli, the chief executive office...

U.S. Rep. Patrick Murphy has been going on the offensive against his U.S. Senate primary opponent, taking advantage of recent bad headlines about U.S. Rep. Alan Grayson's controversial hedg...

The Des Moines City Council approved a $10 million guarantee on Monday to help build a convention hotel connected to the Iowa Events Center downtown. The city’s bolstered commitment ac...

The former Sampson Mill that housed the American Spinning Company for nearly a century in the Poinsett District will see new life as a Virginia-based firm plans to transform the mill into ...

Valley Cities – Behavioral Health Care provides counseling and drug use recover services to more than 7,500 people at seven locations in King County. Ken Taylor, CEO of Valley Cities &...

A longstanding plan to build an ice rink at the site of the former Kingsbridge Armory in the Bronx will hit a critical deadline next month, when it must present a substantial chunk of funding i...

Randall Davis Co. is nearing completion on the Astoria, a new luxury condominium tower in the Galleria/Uptown area and the first of three such projects the Houston developer has underway. ...

The American Spinning Mill, part of Greenville’s textile heritage, has sold to a Virginia developer who plans to turn the former mill into loft-style apartments. The American Investor ...

Path America founder Lobsang Dargey and others are asking a federal judge to reject a court-appointed receiver’s proposal to sell the unfinished Potala Tower in d...

There are fears that plans for a major downtown Rockford hotel will fall through. In an email to the City of Rockford, developers say they're committed to this project and are wor...

2011 Investment Helped Catalyze Economic Development in Southern Dallas Submarket Civitas EB-5 Capital ("Civitas") is pleased to announce that nine (9) investor families in&nb...

Disagreement over which funds should be secured first scuttled plans for foreign investors to help fund downtown's convention hotel. It was a chicken-or-the-egg scenario. Plans t...

Developer scales back plans for East Side skyscraper, which is now projected to cost $750M-plus Joseph Beninati’s Bauhouse Group is seeking an $80 million mezzanine loan to fund his tr...

United Overseas Bank preparing term sheet to finance FiDi supertall The developers of a supertall Financial District condominium tower at 125 Greenwich Street are in advanced talks...

Gov. Dennis Daugaard filed a bill Thursday that would respond to a perceived lack of state control over outside groups that administer state grants and programs like those at the center of the ...

Absher Construction recently finished the concrete grade slabs and started building post-tensioned decks that will make upWashington Place, a $120 million, 19-story hotel and apartment complex ...

The 6th Annual Invest in America Summit will be held March 12-13, 2016 in Shanghai at the Ritz-Carlton Hotel Pudong, followed by additional stagings at the Ritz Carlton Hotels in Beijing on Mar...

Chinese investors who contributed to a stalled Short Vine development project in Corryville as part of a federal program to gain residency are suing the developers, claiming their money was mis...

Unique hotel project’s use of EB-5 funds to bring two dozen investors and more than 290 jobs to the United States NES Financial announced today that its Intelligent EB-5 Solutions...

Developers of the sprawling New England Sports Village in Attleboro are using an unique method of raising capital, employing a federal program that gives permanent U.S. residency to wealthy for...

The EB-5 investment has been very appealing for the external public. There are millions of investors willing to allocate from $500,000 to $1,000,000 in projects in the USA in order to obtain th...

A fight over foreign investments in real estate is pitting New York and Texas against Vermont and Iowa. Sen. Charles Schumer (N.Y.), who is slated to lead Senate Democrats in the next Congre...

Winley Plaza Condominium files most expensive condo offering of any kind in Sunset Park A group of Flushing investors building a medical condo development in Sunset Park are seeking a total ...

EB-5 capital being used beyond commercial real estate projects in a variety of other sectors NES Financial announced today that its Intelligent EB-5 Escrow Administration Solution has b...

Former Las Vegas Sands president, William Weidner and real estate developer Andrew Fonfa seem to have fallen back on “Plan A” to raise investment capital for their maverick Asian-th...

Developers fear market turmoil in China could turn off cash spigot to NYC Chinese investors only really started piling into New York’s commercial real estate market two years ago, and ...

Multifamily and Student Housing are coming to Miami! Registration is open for RealShare STUDENT HOUSING and RealShare APARTMENTS EAST. Double the networking at The Thompson Hotel, Miami Beach o...

A Virginia attorney flew into town Tuesday night to say he plans to build a $140 million casino resort in the harbor -- and has a contract to buy the derelict Markham Hotel downtown, which he w...

It was a good day for those who had served as Iraqi translators/interpreters, although it passed largely unnoticed. The day was October 4, 2013. That was the day President Obama signed an exten...

Advanced seminars offer insight into likely industry reforms and practical real world solutions for stakeholders to be well prepared. Each year, our seminar focuses on current and upcoming i...

Why it matters: A few interesting and diverse securities fraud matters from late 2015—one from the Second Circuit, two from the SEC—caught our eye. Read on for a recap. ...

  From a regulatory environment in flux to some unexpected tips on bridging cultural gaps when cash flies around between countries, the 300-plus people in attendance learned a lot at&nb...

Lobsang Dargey, CEO of Dargey Development and Path America, is seen next to a rendering of the Potala Tower in his office in Bellevue. (John Lok/The Seattle Times) T...

While teacher pay and increasing health care coverage are both important issues, the most important issue to be tackled this legislative session must be government corruption. Over the last two...

EB-5’s TEA Reform Drama The last six months have seen a lot of drama for the EB-5 Regional Center Program (“the Program”). Starting with the release of S. 1501 in June of l...

Daily News Staff Writer Developer Robert Matthews and others involved in the beleaguered Palm House project now face two lawsuits alleging misuse of $16 million loaned to rebuild the ...

Wal-Mart has canceled long-standing plans to build two stores in D.C., raising doubt about the future of Skyland Town Center, the massive project in Ward 7 a decade in the making. The n...

The New York Post reports on the latest case from the much-abused EB-5 “investor’s visa” program, which the open-borders lobby routinely insists is working just fine: Port ...

  U.S. Citizenship and Immigration Services invites you to the first EB-5 Immigrant Investor Program teleconference of 2016, on Wednesday, Feb. 3, from 1 to 2:30 p.m. (Eastern). ...

For the rich across the globe, it is possibly the easiest way to get a permanent residency in the United States (US). One can invest $500,000 or $1 million in specific business projects under t...

On Dec. 17, 2015, two days after Senate and House leadership recommended a “clean” extension of the EB-5 program until Sept. 30, 2016, Senator Flake, w...

The Hudson Yards complex in New York is one of the developments that has used the EB-5 program to attract investors.? For more than a year, U.S. Sen. Charles Grassley had been ...

The program provides U.S. residency to foreign citizens who invest $500,000 in a job-creating U.S. business. Developers plan to use it to fund a convention hotel in downtown Des Moines. The ...

The controversial EB-5 visa-for-investment-program will be extended, with no changes, to Sept. 30, 2016 as part of the omnibus spending bill Congress reached Tuesday night. The program lets ...

The fate of the EB-5 visa program, which qualifies wealthy individuals and their families with instant Green Cards, by merely investing $500,000 minimum into designated projects in the United S...

Through the EB-5 visa program, wealthy foreigners can invest $500,000 to $1 million in development projects and in turn, receive green cards for themselves and family members if the in...

  EB-5 regional centers and issuers take heed. The Securities and Exchange Commission (“SEC”) is pursuing litigation against parties in several...

Dive Brief: The developers of Hudson Yards, a mixed-use development in New York City, have finalized a $5 billion financing package — including $2.19 billion in debt, and a balanc...

Related Companies and Oxford Properties Group secured $5 billion in construction funding for a 90-story office tower and connected mall at Hudson Yards. The announcement marks a major ...

The road to extending the EB-5 program has been a long and winding, not to mention occasionally rocky one, but an end is finally in sight. The measure will either be extended under a Continu...

Just after finishing a project with St. John’s University in Rome and in the midst of starting his development company, Macro Sea, in 2009, David Belt went back to the Pennsylvania suburb...

The recent attacks in Paris and San Bernardino are going to result in an increase in security checks for visa applicants at U.S. consular posts. We also anticipate Congress to at leas...

Earlier this year we discussed the uncertain future of the EB-5 Visa Program, one of the most successful inbound investment programs of recent years, as evidenced by the $5.2 billion dollars th...

Now just days away from the December 11th expiration of a short-term Continuing Resolution (CR) that has been funding federal activities since the start of the current fiscal year on Octob...

This building at Martin Luther King Boulevard and Norton Avenue in Lynwood was supposed to be converted into a nursing home using money from Chinese investors hoping to get U.S. green...

The fight over the future of the federal EB-5 immigrant investor program appears to be coming down to the wire. Wednesday night, a swath of influential federal lawmakers told EB-5 industry o...

On Dec. 2, 2015, a revised discussion draft from both the Senate and the House of Representatives proposing to reform the EB-5 program and extending the program until Sept. 30, 2019, was redist...

USCIS reminds all approved EB-5 regional centers with a designation letter dated on or before Sept. 30, 2015, that they must file Form I-924A, Supplement to Form I-924, for fiscal year 201...

SEC to freeze assets after allegations that an Inland physician and partner ‘siphoned off’ $10 million from Chinese investors seeking a green card. Federal authorities are seekin...

IT'S ABOUT TIME!: Thanks to the Securities & Exchange Commission for taking action against Lily Zhong, the one-time would-be developer of Port St. Lucie's City Center...

AZ Sourcing has gone to court to get back six network servers seized by the FBI last week. The Phoenix Business Journal reported that PhoenixMart’s parent company filed an emergen...

AZ Sourcing, parent company of PhoenixMart, allegedly misled Chinese investors, according to a Los Angeles immigration attorney quoted in a Chinese-language newspaper under the headline tr...

One year ago, plans were unveiled for a new movie theater for Marion that would have at least six “state-of-the-art” screens combined with a family entertainment center featuring bo...

Industry trade association believes a bill can be ready for Congress to pass before the December 11 sunset date Invest in the USA (IIUSA), the non-for-profit industry association representin...

In this installment of Capital Chat, Steve Klein, partner at Gerson Preston, explains what the upcoming Dec. 11 deadline means for the EB-5 program. Capital Chat is a weekly column for Multi...

Cushman & Wakefield Arranges $53.4 Million in Construction Financing for LCB Senior Living Developments in Massachusetts Cushman & Wakefield Senior Housing Capital Markets, a gl...

Officials believe funds will help other development east of I-10 In the aftermath of PhoenixMart’s offices being searched by the FBI Thursday morning, some residents used soc...

Though nearly a week has passed since the House of Representatives Judiciary Committee discussed the status of the EB-5 program, members of Congress still aren’t saying much—and it ...

For alleged EB-5 fraudster Lin Zhong there is a cold winter ahead. A deep freeze. As we expected when news of the case recently broke, the Securities and Exchange Commission (SEC) obt...

I have championed the EB-5 Regional Center program for many years. I have done so because I have seen its ability to generate investment and create jobs in distressed communities. But the progr...

NES Financial announced today that it has been selected by Florida Equity and Growth Fund Regional Center to provide its leading EB-5 Escrow Administration Solution on the Region...

Wealthy Chinese have snapped up properties in Hong Kong over the past decade, marking their first foray into the overseas property market. With many affluent Chinese families sending their c...

With the rise of China's economic wealth and the expedient flow of global capital, Chinese investors are provided with many investment options with their capital. The US investment immigrat...

A court-appointed receiver says it’s difficult to know what happened to Path America investors’ money because the money trail leads to Dargey Development and oth...

An abandoned hotel resort on Saipan is expected to get a makeover which would help solve a dearth of hotel rooms on the island. Bridge Capital LLC says it is planning to redevelop the mothba...

If you listen to the governor's chief of staff, you would think South Dakotans never have been more pleased with how state government has been operating. In fact, when Tony Venhuizen was...

As the EB-5 program continues to expand and regional centers have attracted increasing attention from foreign investors seeking to become permanent lawful U.S. residents, there has been a corre...

In a gaming pantheon bejeweled with mega-resorts, the Lucky Dragon Hotel & Casino won't set records. But it remains an important development for the city of Las Vegas. Unde...

Mayor Muriel Bowser's week-long trade mission to China is coming to a close and there are tangible results to report, she said Friday, though those results may get lost in the ongoing Fresh...

Citizenship shopping is a growing trend. Many wealthy individuals are looking around the globe for a "home" that will give them better passports and tax treatment. Can anyone become C...

Officials cut the ribbon on a runway extension at the Northeast Kingdom International Airport in Coventry on Thursday, Nov. 12, 2015 It was raining and windy when Bill Stenger, his busi...

Created in 1990 to boost job creation and capital investment in the US economy, the EB-5 immigrant investment program did not initially attract demand from wealthy investors. In 2007, INS autho...

Last week, IIUSA (Invest In the USA - The trade organization for Regional Centers and others working in EB-5) held its 5th Annual EB -5 Market Exchange conference in Dallas, TX. During thi...

Construction is about to begin on Hotel Paseo, Palm Desert’s newest hotel and the first for its signature shopping district. City officials – including all five council members &...

Akerman reports a solid year with a 4 percent rise in gross revenue to $337 million and an 8 percent boost in net income to $130 million. While not as strong as the previous year's ...

A foreign investor rejected from joining a development project in the Northeast Kingdom has waited four-and-a-half months for a refund. The developer of Q Burke Resort says the mon...

It is getting to be a formula. Yet another EB-5 promoter has swindled millions from alien investors, presumably her fellow Chinese, and used the money to buy a yacht and a $100,000 Mercedes ...

Sen. Dianne Feinstein, D-Calif. speaks with reporters on Capitol Hill in Washington in June. The senator has called for an end to the controversial EB-5 regional center program that lets foreig...

What do a $175,000 Sea Ray yacht, a brand new $100,000 Mercedes Benz S-550 and a $55,000 BMW X5 SUV all have in common? According to the SEC, they were all items purchased by one Lin Zhong...

The EB-5 immigrant investor program administered by the USCIS is – for the second time this year – in need of congressional reauthorization in order to continue to operate. Over the...

The general contractor for an EB-5 funded hotel and conference center development at Q Burke Resort says the state is holding up payments for completed work.  The general cont...

Residents of Two City Plaza are resting easier. When they got wind that the city commission was about to approve a 14-story hotel next to their 22-story condo at 701 S. Olive Ave. downtown, ...

The famous three-pointed star adorns this rendering of the new Mercedes-Benz Stadium, which will be the $1.4 billion home of the Atlanta Falcons and Atlanta United.  Perhaps the second ...

We have previously reported that Seldon Technologies, Inc., an EB-5-funded firm in Vermont that briefly made water filters for Mexico-based Bebederos, went out of business abruptly, laying off ...

Allied Orion Develops Class A Downtown Mid-Rise Apartment Community Allied Orion Group breaks ground on Block 384--a Class A, Mid-Rise Apartment Community in Downtown Houston. Pictured L to ...

Company was developing year-round farmers market site in Everett; CEO accused of fraud A federal judge late last week stripped developer Lobsang Dargey of control of his company Path Am...

USCIS recently held a stakeholders teleconference as part of its informational series, EB-5 Interactive. The main topic of the teleconference concerned the “time to file” for t...

Gorman & Company secured more downtown hotel financing during last week's China trip, but enticing investors with a cash-for-green card program the developer plans to use is taking...

Wealthy foreign business people — whether from China, India, South America, or elsewhere — are often looking for projects in the United States to invest in. But it isn't nece...

New EB5 Capital - Texas Regional Center Operated by Experienced Industry Leader With Proven Track Record Texas commercial real estate developers have an experienced new resource to help meet...

U.S. Sen. Mike Rounds said Thursday that the federal government is right in exercising its oversight of an investment-for-visa program pioneered in South Dakota when he was governor. His com...

U.S.-based Chinese developer pursuing $500,000 each from 99 investors Kuafu Properties executives are recruiting foreign investors for the firm’s 147 East 86th Street development, offe...

A program aimed at creating jobs in Western New York while attracting overseas investors is the subject of a forum in Niagara Falls today. The program is called "EB-5" and it's ta...

The EB-5 scandal is blowing up again in South Dakota. And this time the allegations are bigger and stranger. The federal government agency that oversees the program has revealed it conducted...

Foreign investors hoping for a green card under the controversial EB-5 visa program have a last-minute window to apply, before Congress likely institutes tighter restrictions in December. Th...

New solutions and programs will be highlighted at Silicon Valley Company’s booth The EB-5 industry continuously grows each year, and this event also presents an opportunity to meet new...

Pierce Boston, a 30-story residential tower, is planned for the junction of Boylston Street and Brookline Avenue in the Fenway. he first big residential project in Boston financed in part by...

The "Billionaires' Row" project is in a census tract with East Harlem public-housing projects  Under the EB-5 program, Steve Witkoff’s skyscraper on “Bill...

Steven Witkoff's incoming Central Park South luxury tower has come under fire again, this time for its use of the EB-5 green card program. The 900-foot tower at 36 Central Park South, which...

Developer capitalizes on provision in immigrant investor program aimed at helping economically ailing areas. If developer Steven Witkoff’s ambitions are realized, he will complete by 2...

Grassley talks with citizens of Storm Lake. U.S. Senator Chuck Grassley fielded questions from area residents from 7:30 until about 8:30 Monday morning at the King's Pointe con...

The fundamentals of hotels and hotel financing have been on a straight vertical incline upward from the doldrums of 2009 until present day 2015. Generally speaking, average daily rate and occup...

The EB-5 immigrant investor program, popular green card route for Chinese rich investors, may pose tough time for potential investors from the world's second largest economy if the changes ...

Foreigners seeking green cards invested $500,000 apiece to help build the Pasea Hotel. The Huntington Beach project is considered in a high-unemployment zone. The Pasea Hotel, rising ju...

EB-5 investments take a variety of forms. In some cases, the investor gets an ownership stake in a property, as with the Orange Medical Plaza, an office building across from St. Joseph Hospi...

The Hudson Yards development in New York raised $600 million from roughly 1,200 Chinese families to help finance the massive project.  As immigration continues to be a hot-but...

A dispute between the owners of a West Oakland shopping center has derailed plans for the district's first supermarket in nearly a decade, leaving a prominent Oakland businessman facing a p...

A visa program intended to encourage wealthy foreigners to invest in high unemployment areas in the U.S. is instead being used to direct money to luxury establishments in affluent areas, accord...

The 1.7M-square-foot office tower is 85 percent rented The first skyscraper at Hudson Yards will open in just a few months, Related Companies’ CEO Jeff Blau announc...

West Palm Beach will be home to one of eight new Canopy by Hilton hotels. The approximately $37 million Canopy hotel in West Palm Beach is being developed by Driftwood Hospita...

NES Financial announced today that it has been selected by AISA Investment Advisers as the independent third party fund administrator for the company’s EB-5 Client’s Managed In...

Sam Nazarian, founder and CEO of the SBE Entertainment Group, said of the deal: “The resort remains a valued member of the expanding collection of SBE branded and managed luxury hotels ac...

Developer Lobsang Dargey misappropriated as much as $46 million invested by would-be immigrants in his downtown Seattle Potala Tower, an attorney for a federal regulator c...

Condo developer Randall Davis is moving forward on the development of a 33-story tower on the southeast corner of San Felipe Road and Westcreek Lane. The building, called Arabella, will...

In between the internecine budget wars currently raging in Congress and the immigrant wars raging on the presidential campaign trail, there’s one important issue that overlaps on both fro...

  In the latest EB-5-related bill to hit the Senate floor, Senator Rand Paul (R-KY) introduced on October 1, 2015 the most open-handed, favorable legislation to-date for the reauthoriza...

When it decided this week to continue to fund the government (for the time being), Congress also kicked the can down the road on another program that could affect thousands of Ameri...

The wildly popular EB-5 program, which grants green cards to foreign investors, is set to expire today, raising big questions for both developers and investors.  With the mass influx of...

The 1992 EB-5 Immigrant Investment Pilot Program (the “Regional Center Program”), a subset of the original 1990 EB-5 regulations (the “EB-5 Program”), should be permitte...

What's in store for the popular visa program? The wildly popular EB-5 visa program – the vehicle that offers foreign investors a U.S. green card in exchange for an investment in th...

A program that lets wealthy individuals live in the U.S. in exchange for investment is about to end, unless Congress decides to extend it or make it permanent. Though proponents say the arrange...

They detail Xi’s experience in the crucible of the Cultural Revolution, where the young man was bullied and taunted over his father’s political status. A video that features fore...

When Edgewater Resources LLC in St. Joseph sought to turn a former Whirlpool Corp. factory in Benton Harbor into a waterfront resort and championship golf course, it turned to an unusual source...

Lennar Urban, one of the largest Bay Area developers with thousands of units in the region, has been accused by rival Catellus Development Corp. of improperly lobbying the city of Concord over ...

PhoenixMart will bring almost 2,000 businesses under one roof. Every year, thousands of Americans travel to the sprawling Yiwu wholesale market, about 160 miles from Shanghai, to buy su...

The FBI is working with federal civil authorities to investigate an Everett developer accused of defrauding foreign investors by diverting millions of dollars for his own use, court papers show...

U.S. Citizenship and Services is preparing to celebrate the grand opening of a new field office in West Ashley. The USCIS is an agency within the Department of Homeland Security that ov...

Certain portions of the EB-5 visa program for foreigners, to expedite Green Cards in exchange for investment in projects in the US, are slated to expire on September 30, and critics are arguing...

Dr Kiran C Patel is a well-known cardiologist and philanthropist in Tampa, Florida, who has built a business empire of health insurance and managed healthcare companies worth billions of dollar...

The massive $20 billion Hudson Yards project is one of the nation’s biggest development efforts. When it’s completed on New York’s west side, it will have have 5,000...

Thomas J. Donohue, President and Chief Executive Officer of the U.S. Chamber of Commerce, has penned an op-ed  for The Hill  on the benefits of the EB-5 program that discusses how the...

U.S. Citizenship and Immigration Services (USCIS) is launching new efforts to highlight U.S. citizenship and immigrant civic integration to celebrate Constitution Day and Citizenship Day. ...

The EB-5 immigrant investor visa program has been a catalyst for important regional economic investment, often in distressed areas, but continuing reforms could ensure the program’s ...

As a Sept. 30 expiration date looms for the U.S. Immigrant Investor Program, better known as the EB-5 visa program, congressional negotiators are expecting to extend the program even as they de...

An Irvine-based immigration attorney went on trial in Santa Ana Tuesday on charges of obstructing justice in a case involving a crackdown on a scheme to help Chinese nationals give birth in Ame...

EB-5 structure and securities expert Steve Anapoell, co-founder and managing partner of BridgeForth Capital, will be speaking at the IMN Real Estate Private Equity Forum on Senior Hou...

The EB-5 visa program grants permanent resident status to foreign investors who inject $500,000 into a US business that leads to the creation of at least 10 jobs. Critics call it the “...

From left: Ifei Chang, Shang Dai, Eliot Spitzer, Steve Witkoff, John Liang and Stan Gale Jr.  New York City and China’s biggest developers dished on joint ventures, EB-5 financing...

Partners who created one of Oakland's biggest job centers and bought four downtown office buildings, including the Tribune Tower, have fallen out and are on opposite sides of a lawsuit. ...

IF YOU are desperate to emigrate to the US, have half-a-million dollars you’re willing to park with a US property developer without earning much of a return, and can’t qualify other...

There will be 64 assisted-living units and 34 memory care units, as well as a dining room, recreation center and green space. Zenith Capital and Seniority are teaming up to build w...

Largest public-private contract 10 years ago was $150M, now it's $800M, panelist said The shortage in quality labor, the challenges to public-private partnerships and the viability of EB...

As Congress considers renewing a visa program for wealthy foreigners, government auditors say the program needs better oversight by the Department of Homeland Security to deter fraud and clarif...

Publicly traded Wisconsin company, Generac Holdings, Inc., has purchased Country Home Products of Vergennes and its subsidiaries, including DR Power Equipment and Neuton electric lawn mowers. ...

Rarely is the Washington Post right on immigration issues, but its lead editorial on Labor Day was exactly on target — it said that the nation should terminate the EB-5 (immigrant investo...

The More American Jobs Alliance calls out large developer groups MAJA, the More American Jobs Alliance, is taking a stand against special interest groups which seek to undermine the benefit ...

U.S. President Barack Obama pauses during a ceremony honoring the National Medal of Technology and Innovation awardees at the White House in Washington November 20, 2014. Obama briefly touched ...

A record wave of Chinese millionaires are flocking to the US in hopes creating their own American Dream. The deep-pocketed entrepreneurs are buying their way into the US — for themselv...

Multiple milestones have been reached this summer in financing the Baker Hotel's renovation. This past week some in the Mineral Wells City Council chamber, during a recent budget meeting...

Learn about the United States Government's EB-5 Investment Program and how a one time USD$500,000 Investment can earn you and your family U.S. Permanent Residency. The EB-5 Visa category...

The USCIS can deny residency applications if investors’ money is used for something that materially departs from an approved business plan. The Securities and Exchange C...

Section 4A(c) of the Securities Act of 1933 (“The 1933 Act”), 15 USC § 77d-1(c), is part of the new crowdfunding regime. The JOBS Act of 2012, Pub. L. No. 112-106, 126 Stat. 30...

The two day international conference will be hosted Oct 9-11, 2015 in Beijing China. The full-weekend networking conference will feature leading EB-5 industry professionals and Chinese private ...

USCIS released updated processing times for EB-5 related petitions.  The following chart provides the average processing times for cases being adjudicated by the Immigrant Investor Program...

As senior marketing manager for two of the top shopping destinations on the Strip — Fashion Show mall and the Grand Canal Shoppes, both owned by General Growth Properties — Janet La...

Patriotic images and posters of Hillary Clinton in the storefront of an EB-5 investment firm in San Gabriel. Foreign investment dollars are transforming parts of the San Gabriel Valley. Driv...

Federal immigration officials aren't doing enough to identify and address unique fraud and national security risks in an immigrant visa program that encourages foreign individuals to make c...

Sunfield Development LLC is hoping to attract nearly a hundred foreign investors through the EB-5 program to partially fund a new housing project at 1800 San Pablo Ave. in Oakland. The Oakla...

On Aug. 13, 2015, USCIS held a stakeholder engagement for individuals interested in the EB-5 program in Los Angeles and via conference call.  The engagement was attended by se...

Jay Peak Resort, Inc., has not met water quality targets agreed to in a February settlement with the Agency of Natural Resources and the Vermont Natural Resources Council, records show. The ...

Many Vietnamese firms said they can dodge the law to transmit money abroad for their clients who are applicants for immigrant investor programs offered by the U.S. and other countries. Such ...

With three bills now before Congress seeking to overhaul and reauthorize the soon-to-expire EB-5 foreign investment program, which provides a pathway to American citizenship...

Real Estate Roundtable President and CEO Jeffrey DeBoer.  Congressional reauthorization of EB-5 “regional centers” needs to pass before the investment program expires on Sep...

Tom Yang, left, president of the Chinese company Create World Group, stands with local developer and partner Kevin Daniels at the site in downtown Bellevue that will become Create World’s...

Hotel Astor, managed by "true Boutique hotel" management company STEM™ Hotels, is announcing a 2 million dollar refurbishment program to enhance and reposition the property, a l...

The immigration program for wealthy investors — the Employment-Based Fifth Preference Immigrant Investor Program or EB-5 — is vulnerable to fraud, new a Government Accountability Of...

When Anthony Hemstad of Zenith Capital looks out the window of his Seattle office, he sees a lot of construction but most of it is not the kind of projects his firm is doing. “I am in ...

Union-based Premier Gaming Group has purchased a Natchez, Miss. hotel along with an investment partner A Cincinnati entrepreneur is growing his gaming company with the purchase of its second...

Aloft and Element Dallas Love Field are set to Debut in December 2016, just one Mile from the Airport and the Dallas Medical District Starwood Hotels & Resorts Worldwide, Inc. toget...

Douglas Development Corporation, which began work to reshape D.C.’s historic Uline Arena this spring, has secured a total of $94 million in construction financing for the mixed-use projec...

Local projects need cash, says Ginny Fang, CEO of the San Francisco Bay Area Regional center Projects court foreign bucks Chinese investment is landing in the Bay Area, on the wings ...

The EB-5 Investment Coalition, co-chaired by Managing Shareholder Laura Foote Reiff, joined forces with key members of the EB-5 industry to advocate the reauthorization of the program befo...

Chinese and local investors filed a class action lawsuit this week claiming an investment firm that targeted them through Chinese-language media and investment seminars for oil exploration inst...

Part 4 of the history of Fayette’s “New Opera House” series is titled “Historic Fayette Priority LLC.” For the past week in this space, you have read about the ...

The owner of the iconic Tribune Tower and several other downtown Oakland office buildings is facing a lawsuit from a business partner accusing him of diverting funds from their enterprise to he...

Chinese seeking U.S. residency help finance new construction Miami is turning to the Chinese to help solve its affordable-housing problem. Last week, Miami Mayor Tomás Regalado cal...

Foreign capital has finally gotten comfortable with Chicago—it's accounted for $2B in Chicago office building deals in the last year and a half alone. So far, it's been limited to...

A publicly traded company has acquired a company that manufactures power tools in Vergennes and Winooski. Generac Holdings acquired Vergennes-based Country Home Products on Aug. 1 for an und...

In March, wrecking crews demolished one of four commercial blocks in downtown Newport. Where a four-story apartment and commercial buildings once stood, only cellar holes remain. The demolition...

The concrete walls are exposed and the floors unfinished. The wide-open 8,500-square-foot future year-round farmers market in Everett is bare but for a few model produce racks and a smattering ...

For some people, their passion leads them to a specific job. For others, like Cathleen O’Higgins, however, her job led her to discover a passion. O’Higgins is the health, safety,...

A developer planning to turn a former factory in downtown Rockford into a hotel is trying to attract Chinese investors looking to get U.S. green cards to help cover the costs. Gary Gorman&nb...

Northeast Kingdom developer Bill Stenger has unveiled the design for a new airport terminal to be built at the state airport in Coventry. Stenger showed the architectural rendering...

Gorman & Company Inc. is planning to spend $67 million to turn Rockford's Amerock/Ziock building into an Embassy Suites hotel. In English, her name is Cindy. And she had done he...

When Gov. Peter Shumlin finally came out unequivocally in favor of creating a state ethics commission last week, his spokesman told The Associated Press that the timing was not relate...

University Hospital’s (UH) ‘Vision 2010’ expansion campaign saw the construction of several new hospital facilities and upgrades to existing facilities, that significantl...

Chinese investors are taking a big bite out of the Big Apple All of Manhattan is becoming Chinatown. Chinese investors and developers are flooding the local real estate market at never-be...

Larry Wang has quietly helped shape modern Vancouver, though few in the city have probably heard of him - unless they used his services to get here. As the president of one of China&rsq...

E3 Investment Group is pleased to announce that the first I-526 green card petition based on its Scalable-Direct business model has been approved by United States Citizenship and Immigrati...

Over the past week or so, Vermont’s political bubble has shown two things very clearly — this is a small state and potential conflicts of interest abound. The Vermont GOP cried f...

Change is on the EB-5 horizon. With the Regional Center Program nearing its expiration and recent legislative efforts coming from lawmakers, we may see some action by Congress or the Senate bef...

There’s a hiring spree going on in the ski resort town of Burke in the Northeast Kingdom. A new hotel and conference center due to open in December will need as many as 200 work...

The former director of Vermont’s EB-5 Regional Center defended his ethics Thursday, following a statement from the governor’s office that implied he may have violated the ...

An massive ongoing ferris wheel construction project in New York is gaining the support of Chinese investors hoping to get a green card from the project, reports Yicai, the online portal of Sha...

Mastroianni and other EB-5 experts to participate Nicholas Mastroianni II, Min Chan, Kate Kamykov, Ron Klein and Clem Turner will be participating in the panel, “EB-5/Immigration &...

The city's famed beer maker, long absent from Milwaukee, will return to the Pabst Brewery complex In an event that had politicians drinking beer before noon, the owners of Pabst Brewing ...

The 45-acre Delano Marketplace development is already well underway with a power center anchored by Walmart, Big 5 Sporting Goods and Ross Dress for Less, but there’s much more to come. ...

Gary Gorman and Larry Morrissey are Shanghai-bound Wednesday to raise $25 million for Gorman & Company's $67 million plan to turn the Amerock building into a downtown hotel. They'...

On June 23, 2015, the Securities and Exchange Commission ("SEC") instituted public administrative and cease-and-desist proceedings pursuant to the Securities Exchange Act of 1934 ("E...

The founder of a Los Angeles firm that worked closely with Northern Beef Packers to secure $30 million in financing in 2009 and 2010 said the since-bankrupt Aberdeen packing plant was...

Community leaders have announced a groundbreaking ceremony for a large multipurpose medical facility located on five acres near Old Town Hesperia. The Hesperia Chamber of Commerce said commu...

The ribbon-cutting for the Marriott Marquis convention center hotel was a patriotic affair. A choral rendition of “The Star Spangled Banner” opened the June 10 ceremon...

Alliance Media Group Holdings, Inc. announced today that through its subsidiary Carbolosic, LLC the Company has entered into an agreement with the United States Regional Economic Deve...

More than two dozen foreigners who took part in an investment-for-green-cards immigration program had their $500,000 contributions transferred to a South Dakota beef plant after initi...

Oakland entrepreneur says his network of foreign investors and startup businesses will create thousands of jobs Oakland, and hundreds of foreign investors, have their eyes on Tom Hender...

Several US-based firms failed to represent clients in court; USREDA helped win reimbursement for defrauded immigrant investors. United States Regional Economic Development Authorit...