SEC Charges Businessman With Misusing EB-5 Investments

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 immigrant investor program intended to create or preserve jobs for U.S. workers. The SEC alleges...

Here’s One Immigration Policy That Should Withstand President Donald Trump

By Kenneth Rapoza Over the last 12 months, Americans have been bombarded with headlines and commentary about Donald Trump’s plans to build a wall on the Mexican border, and deporting an estimated 14 million immigrants who have overstayed their visas. While Trump himself has...

United States Citizenship and Immigration Services Proposed Regulatory Reform

Dear EB-5 Stakeholder: The following is a summary of USCIS’ proposed regulatory reform that will be published in the federal registrar on January 13, 2017. The written comment period will last until April 11, 2017. The DHS highlights four major revisions to the EB-5 program...

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

Washington D.C., Dec. 27, 2016 — 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...

Major US Immigration Reform in Store for 2017

By Charles Foster I learned the hard way that it is difficult to make predictions as to when Congress will finally enact broad- based, comprehensive immigration reform. Having served as a senior immigration policy adviser for President George W. Bush in 2000 and 2004, I felt...

Visa Program Up for Renewal Amid Allegations of Fraud

By RON NIXON WASHINGTON — 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 acts to extend it. The program, called EB-5, allows foreign...

VT, feds allege ‘massive’ fraud at Jay Peak Inc.

MONTPELIER – The dream of spectacular economic development in the depressed Northeast Kingdom using money from foreign investors came crashing down Thursday amidst federal fraud allegations. Gov. Peter Shumlin gathered with several of his top officials at the Statehouse to...

SEC Case Freezes Assets of Ski Resort Steeped in Fraudulent EB-5 Offerings

The Securities and Exchange Commission today announced fraud charges and an asset freeze against a Vermont-based ski resort and related businesses allegedly misusing millions of dollars raised through investments solicited under the EB-5 Immigrant Investor Program. The SEC’s case...

A Look at Charges Filed in South Dakota Visa Program Scandal

SIOUX FALLS, S.D. — South Dakota’s attorney general has filed criminal charges against a former state official in connection with a troubled program that aimed to attract investment dollars from wealthy immigrants in exchange for easier entry into the United States. Here is...

U.S. Immigration Program for Foreign Investors Sees Demand Surge

By Eliot Brown A controversial federal immigration program offering green cards to some foreign investors had record demand in 2015, as concern that a key provision of the law might expire fueled a surge of aspiring immigrants. The program, known as EB-5, received applications...
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