The financing of EB-5 investments (by the investors) continues to metamorphosize in the wake of the recent Zhang decision (Zhang v USCIS Civil Action No. 2015-0995 (D.D.C. 2018)). A link to the text of the case can be found here: http://ilw.com/immigrationdaily/news…mo-opinion.pdf The Zhang decision clarifies the potential use of contributed indebtedness on the part of […]
The New Year brings us an EB-5 Regional Center Program in abeyance. According to the recently issued USCIS guidance for EB-5 Regional Centers and their investors (a copy of which can be found at this link: https://www.uscis.gov/working-united…gional-centers ), investors at the I-829 stage may suffer potentially dire consequences of the government shutdown. By way of background, the […]
There’s an old adage on Wall Street that says to get news of bad news out on Friday and good news on Monday, the logic being that after trading on Friday, the weekend will lessen the blow when trading resumes on Monday. It seems the SEC in its settlement with CMB on Friday, September 21 st, […]
© 2018 Matt Gordon As of 12:01am on January 20th, the EB-5 Regional Center program ceased to be in existence. It is important to note that the non-Regional Center or Direct EB-5 program is completely unaffected. This is because the Regional Center program (initially a pilot program for the vast majority of its existence) was […]
The forces for change seem to finally be coming together to provoke real change in EB-5. After several short-term extensions to the Regional Center program, there is now the firm chance that key elements of the EB-5 program will be reformed in this current legislative cycle that ends on September 30, 2017. While the need […]
Andy J. SemotiukContributor Policy I write about investor immigration and about Immigration issues. This article is more than 3 years old. Congress just reached an agreement to keep the federal government open for the remainder of the year in the form of the “Consolidated Appropriations Act, 2017. From an immigration point of view, three aspects of […]
President-Elect Trump has said that he is not anti-immigration (his wife is foreign born, she will be our first foreign born first lady). He is anti-illegal immigration. He is also against legal immigration that displaces American workers, such as the H1-B program. As a policy, he should love EB-5. It does the opposite of what […]
This past Sunday, my family and I tried to make the most of a rainy weekend day in New York by enjoying what the city had to offer. My wife and I took our three children (son aged 11 and daughters aged five and seven), first to the New York Hall of Science in Queens, […]
The SEC has continued its flurry of EB-5 activity with its announcement today of fines and a cease and desist order against American Life and its President, Henry Liebman. At the heart of the SEC’s order against American Life and Liebman, “certain EB-5 Agents were paid transaction-based compensation for the activities which effectuated the investor’s […]
Without much fanfare by the SEC, this past Good Friday (March 25th), an administrative law judge ordered Boca Raton-based Ireeco LLC and Hong Kong-based Ireeco Ltd. to pay $3,179,633 in disgorgement, which is the amount in fees the companies collected with respect to arranging for the investments of 150 EB-5 investors. The action was based […]