Victor, Lendlease land $369M in new debt, equity for 281 Fifth

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 new preferred equity from May Bao Ltd., a subsidiary of real estate giant Beijing Capital Development Holdings Co. In addition, they secured a $269 million construction loan … Read moreVictor, Lendlease land $369M in new debt, equity for 281 Fifth

Jay Peak Owner Slams Bid To Toss Defenses In EB-5 Suit

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 visa investment fraud case in Florida federal court, arguing that he doesn’t yet have to prove the defenses.  Quiros filed an opposition to the SEC’s motion to strike all eight of the … Read moreJay Peak Owner Slams Bid To Toss Defenses In EB-5 Suit

Advisory for Indian American Community

Milpitas (California) Feb 27, 2017 –North American Punjabi Association (NAPA) is offering advice for people who may be concerned that U.S. Immigration and Customs Enforcement agents may come to their home. The organization has posted specific instructions on its website and is publicizing it, amid concerns over President Donald Trump’s immigration policies targeting illegal immigrants. … Read moreAdvisory for Indian American Community

Aloft Hotel to start this spring at historic Chattanooga structure, builder says

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 cleaning it up, and there are historical considerations,” said David Smith, vice president for Russell Construction Co., about the 10-story downtown structure. Smith said the … Read moreAloft Hotel to start this spring at historic Chattanooga structure, builder says

In plea deal, EB-5 visa-investor program takes another hit

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 reported on financial problems involving the South Dakota Regional Center three years ago, including bankruptcies and the auctioning of a $100 million slaughterhouse for $4.7 million. The projects were funded largely … Read moreIn plea deal, EB-5 visa-investor program takes another hit

Largest Ever ‘Cash-For-Visa’ Fraud Scheme Leads To Prison For Developer

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 Chinese investors looking to gain U.S. residency, according to the Department of Justice. Starting in 2011, Anshoo Sethi, 33, charged Chinese citizens more than half a … Read moreLargest Ever ‘Cash-For-Visa’ Fraud Scheme Leads To Prison For Developer

Turkish-American investments to reach $350M

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 Wednesday. Speaking at an event to promote the U.S. EB-5 visa scheme which enables foreign nationals investing in the U.S. to obtain residency, Bora Gurcay … Read moreTurkish-American investments to reach $350M

Foreign investors buying a pathway to citizenship

“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 nothing. “I do admire my parents for that strength.” But today their strength replaced by doubt , wondering if they are vulnerable … Read moreForeign investors buying a pathway to citizenship

Rule 504: An Option for Smaller EB-5 Capital Raises

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 valid securities exemption.  At the federal level, EB-5 capital raises have generally relied upon two primary securities exemptions: Rule 506 of Regulation D and Regulation S.  … Read moreRule 504: An Option for Smaller EB-5 Capital Raises

Developer given 3 years in prison for failed convention center near O’Hare

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 development near O’Hare International Airport. “You took advantage of hundreds of other people for your own personal gain,” U.S. District Judge John Lee told Anshoo Sethi at … Read moreDeveloper given 3 years in prison for failed convention center near O’Hare

Why Investor Immigrants Are Choosing Canada Over U.S.

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.S. Congress votes on raising the investor’s Green Card minimum to $1.3 million. So what is a millionaire to do when … Read moreWhy Investor Immigrants Are Choosing Canada Over U.S.

Miami Real Trends Announces New EB-5 US VISA Program for Investors

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 investment. Naturally, the active metropolis of Miami Beach, Florida was already in high demand, but now with the launch of the Paramount Miami World Center EB-5 … Read moreMiami Real Trends Announces New EB-5 US VISA Program for Investors

EB-5 Program – Updated Statistics and Information

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’s website by clicking here. Furthermore, IIUSA has also published statistics on various performance factors concerning the EB-5 Program. Both are summarized below, since the results are … Read moreEB-5 Program – Updated Statistics and Information

JACKLEY: Good, bad, ugly of EB-5 prosecution

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. These are important jobs that provide income and health care for families across South Dakota. The Bad: The program has necessitated investigation into misuses of security interests and state grant … Read moreJACKLEY: Good, bad, ugly of EB-5 prosecution

The EB-5 World: Much Ado About a Lot

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-5 (immigrant investor) program. For example: Sen. Chuck Grassley (R-Iowa), chair of the powerful Judiciary Committee, who has been valiantly trying to reform … Read moreThe EB-5 World: Much Ado About a Lot

Editorial: Open Record Disgrace

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 Quiros is facing state and federal charges that he defrauded EB-5 investors. Scott’s decision is an about-face from the previous administration. When VTDigger and other media asked Peter Shumlin for emails related to the alleged … Read moreEditorial: Open Record Disgrace

EB-5 is a big, beautiful door for Trump corruption: State Dems

  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 vigorous support from the real estate industry and a largely supportive Congress, opposition against the program continues to mount. Critics have taken aim at … Read moreEB-5 is a big, beautiful door for Trump corruption: State Dems

Insurer Says Quiros Owes The Company, Not Other Way Around

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. And, in a twist, Ironshore Indemnity Inc. is asking a judge to force Quiros to pay for its cost of defending itself from … Read moreInsurer Says Quiros Owes The Company, Not Other Way Around

Scott Administration Releases EB-5 Records Withheld By Shumlin Administration

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 abused by Jay Peak CEO Bill Stenger and owner Ariel Quiros to defraud foreign investors of hundreds of millions of dollars. The newly released documents date back to summer 2016, when state … Read moreScott Administration Releases EB-5 Records Withheld By Shumlin Administration

Scott Releases EB-5 Records; Feds Threatened To Shut Down State Program

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, which is at the center of the largest EB-5 immigrant investor fraud case in the nation’s history. In addition, Gov. Phil Scott has ordered the release of … Read moreScott Releases EB-5 Records; Feds Threatened To Shut Down State Program

Top regional center chief says Obama’s EB-5 tweaks would decimate program

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 in job-creating U.S. projects. The government currently gives out 10,000 of these visas a year, the overwhelming majority of them to Chinese investors investing in real … Read moreTop regional center chief says Obama’s EB-5 tweaks would decimate program

This is why the EB5 visa programme is far better than H1B, especially for those in their 20s

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 want permanent residency in the US are worried as new legislations have been drafted for these two programmes.  Under the EB5 programme, foreign … Read moreThis is why the EB5 visa programme is far better than H1B, especially for those in their 20s

Greystone EB-5 Expands Regional Center Reach, Obtains Project Approval and Opens New Offices in China

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. S. Citizenship and Immigration Services. The designation, granted under the Immigration Investor Program, expands Greystone’s presence to 15 states along the Eastern seaboard of the US. /EIN News/ … Read moreGreystone EB-5 Expands Regional Center Reach, Obtains Project Approval and Opens New Offices in China

Letter: ‘Tweaking and fine tuning’ IM 22

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 surrounded our Capitol. Yes, there have been misdeeds and IM 22 was meant to make state government more transparent. Lifting and shining light into the areas to … Read moreLetter: ‘Tweaking and fine tuning’ IM 22

Application for Suspension of Deportation or Special Rule Cancellation of Removal (Pursuant to Section 203 of Public Law 105-100, NACARA), Form I-881; Extension, Without Change, of a Currently Approved Collection

Agency Information Collection Activities: Application for Suspension of Deportation or Special Rule Cancellation of Removal (Pursuant to Section 203 of Public Law 105-100, NACARA), Form I-881; Extension, Without Change, of a Currently Approved Collection Please follow and like us:

Hirson and Jahangiri: Instead of Pressuring Mexican President Peña Nieto, We Have a Solution to Fund the U.S.-Mexico Wall

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 somewhere between $10-20 billion. While the project is supported by many Americans, it’s not a burden the American taxpayer is going to want to shoulder or a project we … Read moreHirson and Jahangiri: Instead of Pressuring Mexican President Peña Nieto, We Have a Solution to Fund the U.S.-Mexico Wall

Letter: Lack of trial for EB-5 scandal ‘troubling’

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 surprise that Attorney General Marty Jackley, after a politically motivated, years-long delay in bringing charges against Joop Bollen in the EB-5 corruption scandal, … Read moreLetter: Lack of trial for EB-5 scandal ‘troubling’

Vtdigger Gets More Information On Redacted EB-5 Documents, Drops Lawsuit

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 a third of the material was redacted. The news organization filed the lawsuit last fall after the state denied its request for communications between the U.S. Citizenship and … Read moreVtdigger Gets More Information On Redacted EB-5 Documents, Drops Lawsuit