SEC charges OC lawyer with defrauding Chinese investors

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. In a civil suit filed Tuesday, the SEC alleges that Newport Beach lawyer Emilio Francisco raised $72 million between 2013 and September this year from 131 investors who were … Read moreSEC charges OC lawyer with defrauding Chinese investors

Quiros denies SEC allegations, any knowledge of fraud

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. Quiros has asserted 34 “affirmative defenses,” including a claim the SEC failed to make its allegations with “sufficient particularity.” An amended civil complaint by the SEC, filed … Read moreQuiros denies SEC allegations, any knowledge of fraud

SEC Charges Lawyer With Stealing Investor Money in EB-5 Offerings

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 money to buy a yacht and prop up his other businesses. The SEC alleges that Emilio Francisco raised $72 million from investors in China solicited through his marketing firmPDC Capital to invest in EB-5 projects … Read moreSEC Charges Lawyer With Stealing Investor Money in EB-5 Offerings

Stenger acts lawyer denies class action claims

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 partner Ariel Quiros. Stenger earlier this year settled an investor fraud lawsuit filed against him by the U.S. Securities and Exchange Commission, neither admitting or denying … Read moreStenger acts lawyer denies class action claims

Bollen’s attorney asks that charges be dismissed

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. Bollen, 53, of Aberdeen is set to appear in court Thursday for a motions hearing with his attorney Reed Rasmussen. Bollen faces five felony charges of unauthorized … Read moreBollen’s attorney asks that charges be dismissed

NMS Capital Engaged as Financial Advisor to the 201 Lexington Project A 494-Unit Luxury Apartment Complex in Glendale, California

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 connection with a $26,000,000 capital raise utilizing theU.S. Citizenship and Immigration Services (USCIS) EB-5 Immigrant Investor Program. The 201 Lexington Project (the “Project”) is being developed by Century West Partners. W.E. … Read moreNMS Capital Engaged as Financial Advisor to the 201 Lexington Project A 494-Unit Luxury Apartment Complex in Glendale, California

PHI Group Forms Subsidiary for Premium Organic Farming and EB-5 Investor Visa Program

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 Farms, Inc.,” a Florida corporation, to manage its premium organic farming plan and administer an EB-5 Investor Visa Program to stimulate the U.S. economy through job creation and capital investment by foreign investors. … Read morePHI Group Forms Subsidiary for Premium Organic Farming and EB-5 Investor Visa Program

Burke first US ski team development site

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. Details of the agreement were included in a filing late Tuesday afternoon by Michael Goldberg, a court-appointed receiver overseeing the property following investor fraud allegations against the resort’s past … Read moreBurke first US ski team development site

Tukwila hopes new skyscraper will be ‘catalyst’ for growth

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 start of big growth in the area. It’s not a bird, nor a plane, nor even Santa causing people to look into the air, but rather, what this … Read moreTukwila hopes new skyscraper will be ‘catalyst’ for growth

10 Key Ways The Trump Administration May Impact The Way You Do Business In 2017

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 direction the Trump Administration’s policies are likely to head. While reality may end up being different from any predictions, it is … Read more10 Key Ways The Trump Administration May Impact The Way You Do Business In 2017

70% of clients are unclear what will happen with Donald Trump as President: Immigration firm

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 stop the hemorrhage of jobs in the US with his divisive agenda, India and Indian companies’ prospects too have been clouded as key programmes … Read more70% of clients are unclear what will happen with Donald Trump as President: Immigration firm

People need to be nicer, lawyer says. And if they’re not? Punishment may await

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 persuade people to be more civil to each other. And it comes with teeth: specific guidelines and even civility courts to hand down punishments like community hours. … Read morePeople need to be nicer, lawyer says. And if they’re not? Punishment may await

E3iG Announces the Publication of the 2016-2017 Edition of the EB-5 Book

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 today that Chief Executive Officer Matt Gordon has published the latest edition of the EB-5 Book with Co-Editor Sarah Schroeder. According to Mr. Gordon, “This is an important time for the … Read moreE3iG Announces the Publication of the 2016-2017 Edition of the EB-5 Book

Update: EB-5 Program Receives Another Short-Term Extension

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, with no change in policy, on multiple occasions since its previously scheduled expiration date of September 30, 2015.  Congress established the EB-5 Program in 1990 to … Read moreUpdate: EB-5 Program Receives Another Short-Term Extension

Ocugen, Inc. Closes $6 Million In Series A Funding

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 in funds raised through EB5 Life Sciences LP. A group of ex-Pharma executives led the raise, including former Sandoz US Chief Executive Officer, Dr. Bernhard Hampl. The EB5 … Read moreOcugen, Inc. Closes $6 Million In Series A Funding

Gary Gorman: Downtown Rockford hotel and conference center late, but on its way

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 a $67 million Rockford Embassy Suites and Conference Center overlooking the Rock River. Wisconsin-based Gorman & Company CEO Gary Gorman and Mayor Larry Morrissey say they are confident they can redevelop … Read moreGary Gorman: Downtown Rockford hotel and conference center late, but on its way

Former Used Car Salesman and Sidekick in Palm Beach EB5 Disaster

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 money. This is the latest installment of the EB5 drama’s surrounding the former Key West Used Car Salesman Joe Walsh. … Read moreFormer Used Car Salesman and Sidekick in Palm Beach EB5 Disaster

Another CanAm Project Receives Approval from USCIS

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 exemplar approval from USCIS on November 15th, 2016. CanAm’s EB-5 loan will finance a new state-of-the-art research and development facility on the Harbor-UCLA Medical Center campus in southern Los Angeles. Founded in 1952, the Los Angeles … Read moreAnother CanAm Project Receives Approval from USCIS

Mount Snow gets EB-5 money

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, administrators announced Tuesday. Mount Snow’s parent company, Missouri-based Peak Resorts Inc., said a key approval issued by U.S. Citizenship and Immigration Services will allow the company to “immediately” … Read moreMount Snow gets EB-5 money

EB-5 Program Gets Temporary Extension; USCIS Issues New EB-5 Policy Manual

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 CR provides continued funding for federal programs and services through April 28, 2017, and new funding for the House-passed “21st Century Cures Act of 2016,” natural … Read moreEB-5 Program Gets Temporary Extension; USCIS Issues New EB-5 Policy Manual

EB-5 financing for developers extended. Obama signs “Continuing Resolution”

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 expected that Congress will have approved a budget for the full fiscal year. EB-5 Regional Center program also extended to April 28, 2017 As with several … Read moreEB-5 financing for developers extended. Obama signs “Continuing Resolution”