Quiros’ ex-legal team makes pitch for $1M in legal fees

Bill Stenger, left, and Ariel Quiros at a ribbon cutting. The former legal team for Jay Peak owner Ariel Quiros is asking a judge to support their latest proposal to recoup some of the $3 million they say they are owed for defending the developer from investor fraud allegations before he fired them. One of Quiros’ former … Read moreQuiros’ ex-legal team makes pitch for $1M in legal fees

Developer George Xu is considering opening the first Westin Residences in New York City

Xu, who heads Century Development Group, is looking at branching out into the branded residences business with a planned Westin hotel at 137-61 Northern Boulevard in Flushing, Queens. The project, which sits on a site once occupied by GW Supermarket, will contain 250 hotel rooms. Xu is considering folding the residential portion of the development, … Read moreDeveloper George Xu is considering opening the first Westin Residences in New York City

SEC Halts EB-5 Scheme in Los Angeles Area

The Securities and Exchange Commission has obtained an emergency court order to freeze the assets of a husband and wife in Arcadia, California, who allegedly defrauded investors in two EB-5 investment offerings. According to the SEC’s complaint unsealed yesterday in the U.S. District Court for the Central District of California, Edward Chen (a/k/a Jianqiao Chen, Jian … Read moreSEC Halts EB-5 Scheme in Los Angeles Area

Scott won’t rule out EB-5 special prosecutor

The Hotel Jay is the signature project of the Jay Peak Resort expansion. The developers used EB-5 immigrant investor money to build the five-story hotel. An investor alleges that the fifth floor was double-sold to two sets of investors.  Gov. Phil Scott says he has not ruled out whether there should be a special prosecutor to … Read moreScott won’t rule out EB-5 special prosecutor

Businessman Stole Investor Funds for Packers Tickets, SEC Says: Enforcement

Cheesehead-donning fans of the Green Bay Packers. Also, FINRA censures and fines Goldman Sachs, State Street and UBS. The Securities and Exchange Commission charged a Wisconsin businessman with stealing millions of dollars of investor funds which he used to purchase a Cadillac Escalade and Green Bay Packers tickets, among other improper uses. The SEC’s complaint alleges that Ronald … Read moreBusinessman Stole Investor Funds for Packers Tickets, SEC Says: Enforcement

EB-5 fraud lawsuit against Vermont heads to court

Colchester topped Champlain Valley 21-12 in a Division I high school football game Saturday. The question of whether Vermont government leaders were complicit in the massive Jay Peak Resort fraud case moves for the first time to a courtroom next week. A number of foreign investors are suing the state for damages related to what … Read moreEB-5 fraud lawsuit against Vermont heads to court

Luther Strange profits $153,530 from sale of visas to foreign nationals

U.S. Sen. Luther Strange earned $153,350 in 2016 from the sale of VISAs to wealthy foreigner nationals, allowing them to bypass the legal immigration process. The disclosure was made by Alabama State Auditor Jim Zeigler, who called the earnings “a clear conflict of interest for a U.S. Senator who votes on immigration law, including this … Read moreLuther Strange profits $153,530 from sale of visas to foreign nationals

Notice of Petitions by Firms for Determination of Eligibility To Apply for Trade Adjustment Assistance

The Economic Development Administration (EDA) has received petitions for certification of eligibility to apply for Trade Adjustment Assistance from the firms listed below. Accordingly, EDA has initiated investigations to determine whether increased imports into the United States of articles like or directly competitive with those produced by each of these firms contributed importantly to the … Read moreNotice of Petitions by Firms for Determination of Eligibility To Apply for Trade Adjustment Assistance

EB-5 investors: Don’t toss case against ex-Jay Peak owner

The Hotel Jay is the signature project of the Jay Peak Resort expansion. The developers used EB-5 immigrant investor money to build the five-story hotel. An investor alleges that the fifth floor was double-sold to two sets of investors. Three EB-5 investors are challenging a bid to throw out a lawsuit brought against a Canadian company … Read moreEB-5 investors: Don’t toss case against ex-Jay Peak owner

Why wait for congress Roy Moore hits Luther Strange on EB-5 firm at debate

At the “Lincoln-Douglas” style moderator-less debate in Montgomery, Alabama Thursday, former Alabama Chief Justice Roy Moore called out his opponent Sen. Luther Strange over revelations he stands to profit from the controversial EB-5 visa program. Referring to his opponent’s tight-lipped response to the scandal over his ownership interest in Sunbelt EB-5 Regional Center, LLC – a firm … Read moreWhy wait for congress Roy Moore hits Luther Strange on EB-5 firm at debate

Calif. Atty, EB-5 Investor Settle Bitter Counterclaims

A California lawyer and a former client in China who sued each other over a $500,000 real estate investment gone wrong and an EB-5 investor visa that never materialized saw their dispute dismissed with prejudice Monday by a California federal judge.  Shoumin Zhang, who lives in China, had accused her onetime attorney, John Hu of … Read moreCalif. Atty, EB-5 Investor Settle Bitter Counterclaims

Luther Strange benefits financially from company selling visa access to wealthy foreigners

While immigration is among the hot-button issues in the Alabama U.S. Senate Runoff between Republicans Roy Moore and Luther Strange, WHNT News 19 has confirmed State Auditor Jim Zeigler’s discovery that Strange currently benefits financially from a program that sells access to visas to wealthy foreigners. Luther Strange`s Senate financial disclosure form says he owns … Read moreLuther Strange benefits financially from company selling visa access to wealthy foreigners

Intense interest prompts venue change for Water Street meeting in Ypsilanti

Ypsilanti City Council is changing the location of its regular meeting due to a larger-than-normal crowd expected to hear about a purchase agreement for the Water Street development. Mayor Amanda Edmonds and Councilman Pete Murdock confirmed the location change for tonight’s meeting at 7 p.m. which will take place at the Freighthouse, 100 Market Place … Read moreIntense interest prompts venue change for Water Street meeting in Ypsilanti

Root out who’s to blame for 8 senseless nursing-home deaths in Broward County

Three elderly people were found dead inside The Rehabilitation Center at Hollywood Hills, five others died at Memorial Regional on Wednesday.  Hurricanes are thoughtless and violent. It is only realistic to say that some deaths can be expected during, and especially after. But the needless and tragic deaths of eight elderly people Wednesday after apparently being … Read moreRoot out who’s to blame for 8 senseless nursing-home deaths in Broward County

About those EB-5 visas that will ‘save’ Ypsilanti with a $300M ‘International Village’

The Ypsilanti City Council is voting on Tuesday on plans for an estimated $300 million “international neighborhood” proposed by a Troy-based Chinese-American developer. The project, called International Village, will be a “regional focal point for Eastern culture, Eastern cuisine, Eastern customs, and Eastern living,” according to the project’s builders. Its inhabitants will consist of international … Read moreAbout those EB-5 visas that will ‘save’ Ypsilanti with a $300M ‘International Village’

America’s EB-5 Immigration Program Opens the Floodgates for Chinese Tech Investors

The EB-5 immigration program has ballooned in size in recent years, and it is being closely followed by foreign investors. The program, which has existed for over a century, is an efficient method for high net-worth individuals and their families to obtain an American Green Card. EB-5’s popularity has grown massively: In 2014, the program … Read moreAmerica’s EB-5 Immigration Program Opens the Floodgates for Chinese Tech Investors

Leading opponent of York County casino says backers offering ‘the same empty promises’

  Rep. Louis Luchini, D-Ellsworth, responds to the release by a political action committee of an analysis predicting more jobs and revenues if the casino is approved. A leading opponent of the fall ballot question on a casino in York County said Friday that the campaign supporting the measure was using many of the same … Read moreLeading opponent of York County casino says backers offering ‘the same empty promises’

EB-5 investor program extension might result in ‘short spurt’ in applications

The program was extended through December 8, 2017, as part of the HR 601 The EB-5 visa program, which allows qualified foreign investors green cards, has been extended through December 8, 2017. The extension of the EB-5 Regional Center Program beyond the end of the federal fiscal year was part of H.R. 601, the “Continuing … Read moreEB-5 investor program extension might result in ‘short spurt’ in applications

Board: Proposed college must complete environmental statement

The controversial Thompson Education Center, or TEC, must complete an environmental impact statement, the Town Planning Board decided Wednesday evening. The private international college is proposed for 573 acres off Wild Turnpike in the towns of Thompson and Fallsburg. The project calls for the development of 80 acres of land and the preservation of 493 … Read moreBoard: Proposed college must complete environmental statement

Notice of Petitions by Firms for Determination of Eligibility To Apply for Trade Adjustment Assistance

The Economic Development Administration (EDA) has received petitions for certification of eligibility to apply for Trade Adjustment Assistance from the firms listed below. Accordingly, EDA has initiated investigations to determine whether increased imports into the United States of articles like or directly competitive with those produced by each of these firms contributed importantly to the … Read moreNotice of Petitions by Firms for Determination of Eligibility To Apply for Trade Adjustment Assistance

Jackley and Bjorkman respond to Bob Mercer story on no-prison sentence handed to Bollen

State Attorney General Marty Jackley took issue recently with a story written by reporter Bob Mercer about the no-prison sentence handed to Joop Bollen earlier this year. Bollen was initially charged with five counts of using money in which state government had a security interest. He pleaded guilty to one count. Jackley agreed to the plea arrangement. … Read moreJackley and Bjorkman respond to Bob Mercer story on no-prison sentence handed to Bollen

Burke Hotel, Conference Center, Mark 1-Year Anniversary

The new Burke Mountain Hotel & Conference Center, before the Q for Quiros was removed from all the signage for the new hotel, and from hotel rooms where the Q symbol was on everything from phones to the room number plaques.  The new Burke Mountain Hotel & Conference Center just marked its first anniversary. After a soft opening … Read moreBurke Hotel, Conference Center, Mark 1-Year Anniversary