Hudson Yards EB-5 investors demand inspection of developer’s financial records

Written by GCBI Team Posted on July 31, 2020 | Updated on July 31, 2020 | 1 min read

About Related Items

􏰙􏰢􏰋􏰒􏰏􏰐Fearing a “perpetual state of non-payment,” Chinese investors, led by the always-quotable lawyer Doug Litowitz, are demanding developer Related Companies share its financial records. The developer of the largest EB-5 project ever halted discretionary payments to investors in June due to COVID-19. Related is enduring many troubles at the moment, including the departure of their Hudson Yards anchor tenant, Neiman Marcus.

Read The Real Deal story􏰐􏰜􏰒􏰟

- OR -

Q&A
Hide this
Q: Can my investment money be a gift?

2 Answers
2 Best Answers
ARTICLE
Hide this
Brazil is producing more millionaires — and more interest in acquiring a ‘priceless’ future in the U.S. via EB-5
- Written by GCBI Team | June 10, 2020 | 3 min read
Podcast
Hide this
Restructuring your NCE operating documents for redeployment
- With | Moderated by | Posted on March 25, 2020 | 5 mins
NEWS
Hide this
Construction stops on California residential and retail EB-5 project hit with bankruptcy and lawsuits
- Written by GCBI Team | Posted on October 16, 2020 | 1 min read
Webinar
Hide this
Tax Consequences of Moving to the US for EB-5 Investors
- Posted on August 30, 2019 | 5 mins
Q&A
Hide this
Q: What if I didn’t pay taxes, will this impact my source of funds?

2 Answers
2 Best Answers
ARTICLE
Hide this
Can cryptocurrency be approved as a source of funds?
- Written by GCBI Team | July 1, 2020 | 3 min read
Podcast
Hide this
Do jobs need to be sustained for two years to satisfy EB-5 program requirements?
- With Robert Divine, John Tishler | Moderated by Kurt Reuss | Posted on May 27, 2020 | 16 mins
NEWS
Hide this
Regional center to foreclose on Cleveland hotel built with EB-5 money
- Written by GCBI Team | Posted on October 16, 2020 | 1 min read
Webinar
Hide this
EB-5 Due Diligence Process
- Posted on August 21, 2019 | 5 mins
Q&A
Hide this
Q: Do I have to pay an admin fee?

1 Answers
1 Best Answers
ARTICLE
Hide this
Key considerations when an EB-5 investor files an I-485 to adjust status in the U.S.
- Written by GCBI Team | August 14, 2020 | 2 min read
Podcast
Hide this
Impact of EB5 Modernization rules on TEAs
- With Michael Kester | Moderated by Kurt Reuss | Posted on March 19, 2020 | 18 mins
NEWS
Hide this
IIUSA EB-5 processing & redeployment questions for IPO Chief Sarah Kendall to address at November Industry Forum
- Written by GCBI Team | Posted on October 16, 2020 | 1 min read
Webinar
Hide this
Common EB-5 Investor Questions
- Posted on August 21, 2019 | 5 mins
Q&A
Hide this
Q: When do I need to transfer my investment amount?

1 Answers
1 Best Answers
ARTICLE
Hide this
EB-5 tax implications for Canadian investors
- Written by GCBI Team | July 31, 2020 | 2 min read
Podcast
Hide this
An introduction to E-2 visas – Requirements and best practices
- With Greg L. Berk | Moderated by Kurt Reuss | Posted on June 17, 2020 | 30 mins
NEWS
Hide this
SEC seeks restoration of $15.5 million disgorgement judgement against couple who committed “brazen and intentional” EB-5 fraud
- Written by GCBI Team | Posted on October 16, 2020 | 1 min read
Webinar
Hide this
Changes to the Minimum EB-5 Investment Amount?
- Posted on August 21, 2019 | 5 mins
Q&A
Hide this
Q: How do I start the process as I am still in my home country?

1 Answers
1 Best Answers
ARTICLE
Hide this
Does the world’s biggest country have big EB-5 potential? Da!
- Written by GCBI Team | July 1, 2020 | 3 min read
Podcast
Hide this
The Silent Dog Is Barking!— Corporate Governance in EB-5
- With | Moderated by | Posted on March 19, 2020 | 5 mins
NEWS
Hide this
Miami EB-5 hotel ownership, led by regional center managers, sues architect over alleged defects and delayed opening
- Written by GCBI Team | Posted on October 16, 2020 | 1 min read
Q&A
Hide this
Q: What does 'at risk' mean?

3 Answers
3 Best Answers
ARTICLE
Hide this
Ethical and practical considerations in EB-5 representation
- Written by GCBI Team | June 25, 2020 | 5 min read
Podcast
Hide this
Are investments in tech companies suitable for EB-5?
- With | Moderated by | Posted on March 19, 2020 | 5 mins
NEWS
Hide this
New York grocery store company wants EB-5 investor suit thrown out
- Written by GCBI Team | Posted on October 16, 2020 | 1 min read
Q&A
Hide this
Q: What are some advantages of the EB-5 Immigrant Investor Program?

2 Answers
2 Best Answers
ARTICLE
Hide this
An introduction to E-2 Visas: the fast-track in to the U.S.
- Written by Immigration lawyer Greg Berk | June 18, 2020 | 22 min read
Podcast
Hide this
The advantages broker/dealers bring to Issuers & investors in EB-5
- With Robert Cornish | Moderated by Kurt Reuss | Posted on April 15, 2020 | 20 mins
NEWS
Hide this
House rep: it’s ‘clear’ China’s EB-5 investors ‘may be abusing the program’ to steal intellectual property and state secrets
- Written by GCBI Team | Posted on October 16, 2020 | 2 min read
Q&A
Hide this
Q: IL asking question test

2 Answers
1 Best Answers
ARTICLE
Hide this
USCIS EB-5 Processing Times define ‘abnormal and delayed processing’
- Written by GCBI Team | June 18, 2020 | 3 min read
Podcast
Hide this
Analysis of Visa Availability Processing and March 13 USCIS Stakeholder Meeting
- Posted on March 19, 2020 | 5 mins
NEWS
Hide this
High-profile Montana Senate race has Republicans call out Democratic support of Chinese EB-5 investment — despite their own Chinese ties
- Written by GCBI Team | Posted on October 16, 2020 | 2 min read
Q&A
Hide this
Q: I am a UK citizen with a 797C dated Sep 19. When could i expect my I526 to be approved?

1 Answers
1 Best Answers
ARTICLE
Hide this
25 top immigration lawyers comment on the future of EB-5: the market will adjust as investors & projects diversify
- Written by GCBI Team | June 3, 2020 | 5 min read
Podcast
Hide this
Mandamus Filing – A Solution for Long Pending EB-5 Applications?
- Posted on March 19, 2020 | 5 mins
NEWS
Hide this
Could Chinese EB-5 waits now be as short as 6-8 years?
- Written by GCBI Team | Posted on October 2, 2020 | 2 min read
Q&A
Hide this
Q: How long will my I-526 processing time be?

2 Answers
1 Best Answers
ARTICLE
Hide this
Do jobs need to be sustained for two years to satisfy EB-5 program requirements?
- With Robert Divine, John Tishler | Posted on May 27, 2020 | 13 min read
Podcast
Hide this
Introducing EB5 Talk Podcast Series
- Posted on March 19, 2020 | 5 mins
NEWS
Hide this
Default judgement against Miami developer accused of fraud who missed last 3 depositions
- Written by GCBI Team | Posted on October 2, 2020 | 1 min read
Q&A
Hide this
Q: During Conditional Permanent Residency, who needs to fulfill physical presence requirements?

1 Answers
1 Best Answers
ARTICLE
Hide this
Restructuring your NCE operating documents for redeployment
- March 27, 2020 | 5 min read
Podcast
Hide this
Investor options with troubled projects
- Posted on March 19, 2020 | 5 mins
NEWS
Hide this
EB-5 market trends thus far in 2020 — and what’s on the horizon
- Written by GCBI Team | Posted on October 2, 2020 | 5 min read
Q&A
Hide this
Q: When do I need to make my investment?

1 Answers
1 Best Answers
ARTICLE
Hide this
When patience is no longer a virtue: Mandamus filing as a solution for pending EB-5 applications
- February 26, 2020 | 5 min read
NEWS
Hide this
Ask USCIS an EB-5 question
- Written by GCBI Team | Posted on October 2, 2020 | 1 min read
Q&A
Hide this
Q: If the developer fails to return our investment capital, can we still get a Green Card?

1 Answers
1 Best Answers
ARTICLE
Hide this
Wired for success: Are investments in tech companies suitable for EB-5?
- February 19, 2020 | 5 min read
NEWS
Hide this
Lawyer’s advice on EB-5 redeployment: issuer’s notice to investors is critical; start process early
- Written by GCBI Team | Posted on September 25, 2020 | 1 min read
Q&A
Hide this
Q: What is the total cost of EB-5?

1 Answers
1 Best Answers
ARTICLE
Hide this
Filing an I-526 petition for your EB-5 investor visa
- June 4, 2019 | 5 min read
NEWS
Hide this
Some Miami developers still looking to build hotels with EB-5 capital, including Mexican ‘flight money’
- Written by GCBI Team | Posted on September 25, 2020 | 1 min read
Q&A
Hide this
Q: What is the best location to invest in?

1 Answers
1 Best Answers
ARTICLE
Hide this
‘Smart’ tax planning for EB-5 investors begins long before a Green Card
- April 29, 2020 | 5 min read
NEWS
Hide this
Defrauded Chinese EB-5 investors can’t sue bank that held their capital
- Written by GCBI Team | Posted on September 25, 2020 | 1 min read
Q&A
Hide this
Q: What industry is safest to invest in?

1 Answers
1 Best Answers
ARTICLE
Hide this
Why EB-5 goes wrong for some investors: an immigration lawyer shares insight
- August 22, 2019 | 5 min read
NEWS
Hide this
Investors allege Syracuse developer of payment default, shielding assets to avoid repayment
- Written by GCBI Team | Posted on September 25, 2020 | 1 min read
Q&A
Hide this
Q: What does a conditional Green Card mean?

1 Answers
1 Best Answers
ARTICLE
Hide this
The advantages broker/dealers bring to Issuers & investors in EB-5
- April 17, 2020 | 5 min read
NEWS
Hide this
Ukrainian EB-5 investor withdraws petition, sues New Hampshire ski resort for return of capital
- Written by GCBI Team | Posted on September 25, 2020 | 1 min read
Q&A
Hide this
Q: What is conditional permanent residence?

1 Answers
1 Best Answers
ARTICLE
Hide this
How is COVID-19 impacting TEA’s?
- April 8, 2020 | 5 min read
NEWS
Hide this
Is Jay Peak audit at best ‘a whitewash’, and ‘at worst a cover-up?’
- Written by GCBI Team | Posted on September 25, 2020 | 2 min read
Q&A
Hide this
Q: How much does and EB 5 Visa Cost

1 Answers
1 Best Answers
ARTICLE
Hide this
Navigating the new world of Targeted Employment Areas (TEAs)
- February 13, 2020 | 5 min read
NEWS
Hide this
Expedited requests: show USCIS objective evidence — and pull on their heart strings
- Written by GCBI Team | Posted on September 25, 2020 | 2 min read
Q&A
Hide this
Q: How can I get an EB5 visa?

1 Answers
1 Best Answers
ARTICLE
Hide this
The Silent Dog Barks! – Why Corporate Governance Matters So Much to EB-5 Funds Right Now.
- February 6, 2020 | 5 min read
NEWS
Hide this
New fiscal year, new EB-5 visa count — almost double last year’s number: potentially great news for India, Vietnam, & China
- Written by GCBI Team | Posted on September 25, 2020 | 3 min read
Q&A
Hide this
Q: What are the EB-5 fees beyond the investment amount?

1 Answers
0 Best Answers
ARTICLE
Hide this
What the new EB-5 regulations mean for securities disclosures
- January 14, 2020 | 5 min read
NEWS
Hide this
Law firm and ex-partner sued by regional center for helping company officer launch rival business
- Written by GCBI Team | Posted on September 18, 2020 | 1 min read
Q&A
Hide this
Q: How do I prove a lawful source of funds?

1 Answers
0 Best Answers
ARTICLE
Hide this
The U.S. Green Card by investment process
- January 6, 2020 | 5 min read
NEWS
Hide this
Federal appeals court overturns USCIS decision on EB-5 guaranteed redemption, establishes new definition of ‘at risk’
- Written by GCBI Team | Posted on September 18, 2020 | 3 min read
Q&A
Hide this
Q: What are the main things to look for in a good regional center?

1 Answers
0 Best Answers
ARTICLE
Hide this
How regional centers should maintain proper oversight for annual certification
- October 25, 2019 | 5 min read
NEWS
Hide this
What the SEC’s broadened definition of ‘accredited investor’ means for EB-5
- Written by GCBI Team | Posted on September 18, 2020 | 2 min read
Q&A
Hide this
Q: I'm Chinese, is EB-5 still an option?

1 Answers
0 Best Answers
ARTICLE
Hide this
Who benefits from the new EB-5 regulations, and who doesn’t
- August 1, 2019 | 5 min read
NEWS
Hide this
Auditor of Quiros EB-5 fraud: State of Vermont was in conflict from the start
- Written by GCBI Team | Posted on September 18, 2020 | 1 min read
Q&A
Hide this
Q: What are the differences between regional center, issuer and developer?

1 Answers
0 Best Answers
ARTICLE
Hide this
USCIS updates expedite request policy — what it means for EB-5
- June 17, 2019 | 5 min read
NEWS
Hide this
White House Seeks Reauthorization of EB-5 Regional Center Program
- Written by GCBI Team | Posted on September 18, 2020 | 1 min read
Q&A
Hide this
Q: What is a realistic timeline for new Indian investors?

1 Answers
0 Best Answers
ARTICLE
Hide this
USA Investment Visa – Top 7 Reasons to Move to the USA
- June 3, 2019 | 5 min read
NEWS
Hide this
USCIS continues to extend response time for certain EB-5 notices and requests
- Written by GCBI Team | Posted on September 18, 2020 | 1 min read
Q&A
Hide this
Q: Which field or industry will my EB-5 investment be made as I am Muslim and have restrictions?

1 Answers
0 Best Answers
NEWS
Hide this
Florida judge allows EB-5 investor lawsuit against Harbourside developer Mastroianni to go forward
- Written by GCBI Team | Posted on September 1, 2020 | 1 min read
Q&A
Hide this
Q: Is EB-5 a better option than EB-2?

1 Answers
0 Best Answers
NEWS
Hide this
USCIS avoids August 30 furlough of 70% of staff — but at a price
- Written by GCBI Team | Posted on September 1, 2020 | 1 min read
Q&A
Hide this
Q: I'm planning on getting an EB-5 Green Card. Can I extend it to my son who will soon turn 21?

1 Answers
0 Best Answers
NEWS
Hide this
USCIS made mistake with investor denials, contradicted its ‘at risk’ definition: Federal appeals court
- Written by GCBI Team | Posted on September 1, 2020 | 1 min read
Q&A
Hide this
Q: What guarantees are there that a TEA project qualifies?

1 Answers
0 Best Answers
NEWS
Hide this
AILA & IIUSA oppose USCIS redeployment ‘clarification’
- Written by GCBI Team | Posted on September 1, 2020 | 13 min read
Q&A
Hide this
Q: If the developer gets criminally charged, will this impact my application?

1 Answers
0 Best Answers
NEWS
Hide this
Lawyer sentenced to almost 4 years in prison and ordered to repay $5.9 million for faking job creation in EB-5 fraud
- Written by GCBI Team | Posted on September 1, 2020 | 1 min read
Q&A
Hide this
Q: If a TEA project doesn’t meet the requirements, what happens?

1 Answers
0 Best Answers
NEWS
Hide this
Why USCIS ‘clarification’ that redeployment must occur in a regional center’s geographic area is wrong
- Written by GCBI Team | Posted on August 21, 2020 | 4 min read
Q&A
Hide this
Q: What does a regional center termination mean?

1 Answers
0 Best Answers
NEWS
Hide this
In two separate mandamus lawsuits, judges reject USCIS ‘average processing times’ as defense for lengthy waits
- Written by GCBI Team | Posted on August 21, 2020 | 4 min read
Q&A
Hide this
Q: If my investment doesn’t qualify as a TEA when my I-526 is being adjudicated, what happens?

0 Answers
0 Best Answers
NEWS
Hide this
USCIS set to furlough 67% of employees on August 30
- Written by GCBI Team | Posted on August 21, 2020 | 1 min read
Q&A
Hide this
Q: How important is job cushion?

0 Answers
0 Best Answers
NEWS
Hide this
State official says Quiros’ guilt ‘beyond doubt’ in EB-5 biomedical fraud
- Written by GCBI Team | Posted on August 21, 2020 | 1 min read
Q&A
Hide this
Q: Is there a chance Congress will change the new regulations?

0 Answers
0 Best Answers
NEWS
Hide this
Is Jay Peak worth a fraction of the $282 million of EB-5 capital it raised?
- Written by GCBI Team | Posted on August 21, 2020 | 1 min read
Q&A
Hide this
Q: Can we change the principal applicant on our I-526?

0 Answers
0 Best Answers
NEWS
Hide this
EB-5 investor loaned $6.5 million to save failing project and her immigration hopes — but no Green Card or money back
- Written by GCBI Team | Posted on August 21, 2020 | 1 min read
Q&A
Hide this
Q: How long does USCIS take to process an I-526 petition?

0 Answers
0 Best Answers
NEWS
Hide this
USCIS publishes redeployment Q&A; expects impact to be ‘minimal’
- Written by GCBI Team | Posted on August 14, 2020 | 1 min read
Q&A
Hide this
Q: If the developer goes bankrupt can I still get approved?

0 Answers
0 Best Answers
NEWS
Hide this
Quiros could face up to 8 years in jail for biomedical facility fraud; Stenger’s lawyers want to cross-examine developer
- Written by GCBI Team | Posted on August 14, 2020 | 2 min read
Q&A
Hide this
Q: What kinds of businesses qualify as investments?

0 Answers
0 Best Answers
NEWS
Hide this
Lights out for massive government-backed solar energy project built with $170 million of EB-5 money
- Written by GCBI Team | Posted on August 14, 2020 | 1 min read
Q&A
Hide this
Q: Is a regional centre investment better than a direct investment?

0 Answers
0 Best Answers
NEWS
Hide this
Supreme Court: state of Vermont can be sued for lack of oversight in Jay Peak EB-5 fraud
- Written by GCBI Team | Posted on August 14, 2020 | 1 min read
Q&A
Hide this
Q: What limits are there are on redeployment?

0 Answers
0 Best Answers
NEWS
Hide this
Supreme Court’s recent disgorgement decision leads to reversal of $3 million SEC enforcement in EB-5 fraud case
- Written by GCBI Team | Posted on August 14, 2020 | 1 min read
Q&A
Hide this
Q: Why does redeployment happen?

0 Answers
0 Best Answers
NEWS
Hide this
Lawyer who sold EB-5 investments without being registered shut down again
- Written by | Posted on August 14, 2020 | 1 min read
Q&A
Hide this
Q: Loan vs equity pros and cons?

0 Answers
0 Best Answers
NEWS
Hide this
Redeployment ‘clarified’: the good, the bad, & the litigious
- Written by GCBI Team | Posted on July 31, 2020 | 3 min read
Q&A
Hide this
Q: What is the total cost of EB-5?

0 Answers
0 Best Answers
NEWS
Hide this
As USCIS postpones furloughs, AILA wants Congress to fund agency only conditionally on key changes of transparency & efficiency
- Written by GCBI team | Posted on July 31, 2020 | 1 min read
Q&A
Hide this
Q: What happens to me if the EB-5 program is terminated after I file my I-526?

0 Answers
0 Best Answers
NEWS
Hide this
American EB-5 fraudster, a fugitive living in Nigeria, is behind crime syndicate trying to sell stolen crude oil
- Written by GCBI Team | Posted on July 31, 2020 | 1 min read
Q&A
Hide this
Q: What is the safest kind of investment?

0 Answers
0 Best Answers
NEWS
Hide this
Nigerian EB-5 investors & the travel ban: solutions & optimism
- Written by GCBI Team | Posted on July 23, 2020 | 2 min read
Q&A
Hide this
Q: We are Indian. Will my 17 year old daughter age out?

0 Answers
0 Best Answers
NEWS
Hide this
USCIS no longer has budget shortfall this fiscal year, but 13,000 furloughs moving forward
- Written by GCBI Team | Posted on July 23, 2020 | 1 min read
Q&A
Hide this
Q: If the program is not renewed this year, what happens to my application?

0 Answers
0 Best Answers
NEWS
Hide this
USCIS consolidates discretionary analysis policy — how it applies to EB-5
- Written by GCBI Team | Posted on July 23, 2020 | 3 min read
Q&A
Hide this
Q: What should I do on my own before working with a lawyer?

0 Answers
0 Best Answers
NEWS
Hide this
Is USCIS ‘making up’ processing time estimates to deter lawsuits and influence behaviour?
- Written by GCBI Team | Posted on July 23, 2020 | 1 min read
Q&A
Hide this
Q: Can I leave the U.S. once I get my Green Card?

0 Answers
0 Best Answers
NEWS
Hide this
Hyatt still building hotels during crisis & looking at alternative capital — possibly EB-5
- Written by GCBI Team | Posted on July 23, 2020 | 1 min read
Q&A
Hide this
Q: What family members are included in my EB-5 petition?

0 Answers
0 Best Answers
NEWS
Hide this
Nassau Coliseum operator issued notice of default — can EB-5 lending group come to the rescue?
- Written by GCBI Team | Posted on July 23, 2020 | 1 min read
Q&A
Hide this
Q: What family members are eligible?

0 Answers
0 Best Answers
NEWS
Hide this
Trump executive order to end separate treatment of Hong Kong — making it subject to China’s EB-5 backlog
- Written by GCBI Team | Posted on July 17, 2020 | 2 min read
Q&A
Hide this
Q: My wife and I might divorce before getting our green cards. Is this an issue?

0 Answers
0 Best Answers
NEWS
Hide this
Quiros surprises everyone — including co-defendants — with plan to plead guilty in EB-5 fraud case
- Written by GCBI Team | Posted on July 17, 2020 | 3 min read
Q&A
Hide this
Q: What percentage of applications are approved?

0 Answers
0 Best Answers
NEWS
Hide this
Hong Kong is a top EB-5 market — with one in three residents looking to emigrate
- Written by GCBI Team | Posted on July 17, 2020 | 3 min read
Q&A
Hide this
Q: If my I-526 is denied, do I get my money back?

0 Answers
0 Best Answers
NEWS
Hide this
Failed New York Wheel tries to roll again with the help of EB-5
- Written by GCBI Team | Posted on July 17, 2020 | 1 min read
Q&A
Hide this
Q: What percentage of EB-5 applicants get their Green Cards?

0 Answers
0 Best Answers
NEWS
Hide this
My lawyer doesn’t respond right away to my messages — do I really need her?
- Written by GCBI Team | Posted on July 17, 2020 | 1 min read
Q&A
Hide this
Q: What is an NCE?

0 Answers
0 Best Answers
NEWS
Hide this
With India now ‘current’ what can be done for China and Vietnam?
- Written by GCBI Team | Posted on July 17, 2020 | 1 min read
Q&A
Hide this
Q: At what stage in the process do I get my money back?

0 Answers
0 Best Answers
NEWS
Hide this
USCIS extends response timelines for certain requests & notices
- Written by | Posted on July 9, 2020 | 1 min read
Q&A
Hide this
Q: If my spouse was born in a different country, who should be the applicant?

0 Answers
0 Best Answers
NEWS
Hide this
H-1B visa ban drives renewed Indian interest in EB-5
- Written by GCBI Team | Posted on July 9, 2020 | 1 min read
Q&A
Hide this
Q: Can a developer guarantee I’ll get my money back?

0 Answers
0 Best Answers
NEWS
Hide this
$1.8 billion LA project, backed by $450 million of EB-5 money, faces huge questions due to pandemic
- Written by GCBI Team | Posted on July 9, 2020 | 2 min read
Q&A
Hide this
Q: Does the size of a project make a difference?

0 Answers
0 Best Answers
NEWS
Hide this
FY2019 Q1 & Q3 EB-5 I-526 filings: India takes top spot from China, new markets emerge
- Written by GCBI Team | Posted on July 9, 2020 | 3 min read
NEWS
Hide this
Legal takeaways from recent Supreme Court disgorgement decision
- Written by | Posted on July 9, 2020 | 1 min read
NEWS
Hide this
Jay Peak’s receivership expenses now exceed $8 million; pandemic is delaying the sale of the ski resort
- Written by | Posted on July 9, 2020 | 1 min read
NEWS
Hide this
USCIS publishes EB-5 modernization Q&A with new TEA guidance
- Written by | Posted on March 18, 2020 | 5 min read
NEWS
Hide this
U.S. Hispanic Chamber of Commerce joins fight for EB-5 reform & long-term reauthorization
- Written by GCBI Team | Posted on July 1, 2020 | 1 min read
NEWS
Hide this
Chinese investor claims conflict of interest and sues attorney who represented him as well as investment company
- Written by GCBI Team | Posted on July 1, 2020 | 1 min read
NEWS
Hide this
Supreme Court: South Dakota owes nothing to EB-5 investors who sank money into now bankrupt meat plant
- Written by GCBI Team | Posted on July 1, 2020 | 1 min read
NEWS
Hide this
USCIS delivers on promise of improved EB-5 processing: Q2 FY2020 I-526 output doubles Q1 numbers
- Written by GCBI Team | Posted on June 25, 2020 | 4 min read
NEWS
Hide this
India’s ‘Current’ Visa Bulletin status will benefit EB-5 I-526 petitioners living in the U.S.
- Written by GCBI Team | Posted on June 25, 2020 | 1 min read
NEWS
Hide this
Supreme Court rules to allow disgorgement awards for securities fraud
- Written by GCBI Team | Posted on June 25, 2020 | 1 min read
NEWS
Hide this
Woman accused of $21.6 million Coachella EB-5 scam — she sent investors fake photos of construction that never happened
- Written by GCBI Team | Posted on June 25, 2020 | 1 min read
NEWS
Hide this
Florida bank & EB-5 hotel developer deny role in $21-million investor fraud
- Written by GCBI Team | Posted on June 25, 2020 | 1 min read
NEWS
Hide this
Judge deny’s motion by Quiros to dismiss EB-5 fraud charges because of email confidentiality
- Written by | Posted on June 25, 2020 | 1 min read
NEWS
Hide this
Oppenheim speech: EB-5 could lose then gain visas; India is ‘current’ and may not face retrogression ‘in the foreseeable future’
- Written by GCBI Team | Posted on June 18, 2020 | 3 min read
NEWS
Hide this
Hudson Yards, largest private U.S. development ever, stops distributions to investors because of pandemic
- Written by GCBI Team | Posted on June 18, 2020 | 1 min read
NEWS
Hide this
IIUSA president wants Congress to award all 10,000 EB-5 visas to investors — to generate $9 billion or more each year
- Written by GCBI Team | Posted on June 18, 2020 | 1 min read
NEWS
Hide this
House Representatives say EB-5 is “laudable” but want investigation of Chinese “abuse”
- Written by GCBI Team | Posted on June 18, 2020 | 1 min read
NEWS
Hide this
Top EB-5 economists discuss trends and the future of the program
- Written by GCBI Team | Posted on June 10, 2020 | 3 min read
NEWS
Hide this
Judge reprimands attorneys on both sides of slow-moving EB-5 lawsuit
- Written by GCBI Team | Posted on June 10, 2020 | 1 min read
NEWS
Hide this
Judge fines developer of failed EB-5 project in Chicago $18,000 — and counting — for missing deadline to explain missing investor capital
- Written by GCBI Team | Posted on June 10, 2020 | 1 min read
NEWS
Hide this
How to read the Visa Bulletin: lessons on an EB-5 process that is not always sequential
- Written by GCBI Team | Posted on June 10, 2020 | 1 min read
NEWS
Hide this
Re-elected IIUSA president Kraft has high hopes: long-term EB-5 reauthorization & the elimination of derivatives towards 10,000 quota
- Written by GCBI Team | Posted on June 4, 2020 | 3 min read
NEWS
Hide this
Past EB-5 visa recipient, a fugitive for 5 years, is extradited to Los Angeles
- Written by | Posted on June 4, 2020 | 5 min read
NEWS
Hide this
Canadians who invested in EB-5, and later received Green Cards by other means, file lawsuit
- Written by | Posted on June 4, 2020 | 5 min read
NEWS
Hide this
Jay Peak sale delayed indefinitely due to pandemic
- Written by | Posted on June 4, 2020 | 5 min read
NEWS
Hide this
USCIS to reopen to the public as of June 4
- Written by | Posted on June 4, 2020 | 5 min read
NEWS
Hide this
Chicago lawyer who sold EB-5 investments denied in bid to dismiss SEC fraud lawsuit
- Written by | Posted on May 27, 2020 | 3 min read
NEWS
Hide this
EB-5 has been ‘integral to jump-starting’ one of the biggest development projects in New Orleans history
- Written by | Posted on May 27, 2020 | 2 min read
NEWS
Hide this
Former EB-5 investor alleges regional center paid secret kickbacks to Chinese firm that sold ‘due diligence’ to investors
- Written by | Posted on May 27, 2020 | 1 min read
NEWS
Hide this
June Visa Bulletin: India advances 2 months, continues major push forward since October 2019
- Written by | Posted on May 27, 2020 | 1 min read
NEWS
Hide this
Indians looking for their best university options often look to EB-5
- Written by | Posted on May 27, 2020 | 1 min read
NEWS
Hide this
Industry leaders comment on senators’ letter to Trump: it’s both an ‘opportunity’ and ‘illogical’
- Posted on May 13, 2020 | 5 min read
NEWS
Hide this
4 senators write letter to Trump asking to suspend new guest worker visas — and, with no rationale, EB-5
- Written by GCBI Team | Posted on May 13, 2020 | 2 min read
NEWS
Hide this
EB-5 needs to improve its PR — and USCIS needs to remember the program isn’t just about immigration but job creation
- Posted on May 13, 2020 | 5 min read
NEWS
Hide this
EB-5 investors say developer Mastroianni’s bid to dismiss their lawsuit only proves their claims
- Posted on May 13, 2020 | 5 min read
NEWS
Hide this
USCIS ‘illegal’ I-829 processing times, combined with COVID-19 issues, can leave some families without evidence of lawful status
- Posted on May 13, 2020 | 5 min read
NEWS
Hide this
Chinese EB-5 investors try again to dismiss law firm from representing one of two defendants
- Posted on May 13, 2020 | 5 min read
NEWS
Hide this
IIUSA Urges Senators to Embrace the EB-5 Program to Help Save and Create American Jobs at No Cost to the U.S. Treasury
- Posted on May 12, 2020 | 5 min read
NEWS
Hide this
Pandemic puts investors at different stages in the EB-5 process at risk
- Posted on May 7, 2020 | 5 min read
NEWS
Hide this
Investors still owed their EB-5 capital for Colorado condos seek to remove regional center and take control of loan
- Posted on April 29, 2020 | 5 min read
NEWS
Hide this
Substantial EB-5 visa numbers this fiscal year may be ‘lost forever’
- Posted on May 7, 2020 | 5 min read
NEWS
Hide this
Did IPO only work one week last quarter processing I-526 petitions?
- Posted on May 7, 2020 | 5 min read
NEWS
Hide this
More EB-5 & COVID-19 discussion: moving funds to a new project, a precedent for force majeure; business changes
- Posted on May 7, 2020 | 5 min read
NEWS
Hide this
USCIS extends flexibility for petitioners to respond to RFE and NOID requests
- Posted on May 7, 2020 | 5 min read
NEWS
Hide this
EB-5 developer blames pandemic for missing deadline to explain $49.5 million in missing investor capital
- Posted on May 7, 2020 | 5 min read
NEWS
Hide this
Issuers need to provide EB-5 investors with disclosure regarding pandemic impact
- Posted on April 29, 2020 | 5 min read
NEWS
Hide this
Developer says investors’ lawsuit should be dismisses as they approved additional loans with top repayment priority
- Posted on April 29, 2020 | 5 min read
NEWS
Hide this
May 2020 Visa Bulletin — Indian Final Action Date advances 9 months
- Posted on April 29, 2020 | 5 min read
NEWS
Hide this
Raymond James sues its insurers for $60 million over failure to pay coverage for Jay Peak fraud
- Posted on April 29, 2020 | 5 min read
NEWS
Hide this
USCIS plans to reopen to public on or after June 4
- Posted on April 29, 2020 | 5 min read
NEWS
Hide this
COVID-19 IMMIGRATION TRAVEL BAN ALERT by Michael A. Harris, Immigration Lawyer, HarrisLaw P.A.
- Posted on April 23, 2020 | 5 min read
NEWS
Hide this
Top EB-5 securities attorneys comment on the new EB-5: smaller projects, bigger returns, new markets
- Posted on April 23, 2020 | 5 min read
NEWS
Hide this
What would an extended ban mean for EB-5 processing?
- Posted on April 23, 2020 | 5 min read
NEWS
Hide this
Is the proclamation the right move? Is it legal?
- Posted on April 23, 2020 | 5 min read
NEWS
Hide this
Latest high-unemployment TEA data released
- Posted on April 23, 2020 | 5 min read
NEWS
Hide this
Los Angeles wants forward-thinking business — Los Angeles wants EB-5
- Posted on April 16, 2020 | 5 min read
NEWS
Hide this
USCIS posts huge drop in I-526 processing time: from 19.8 to 12.6 months
- Posted on April 16, 2020 | 5 min read
NEWS
Hide this
EB-5 can be a “massive contributor” of jobs at no taxpayer expense
- Posted on April 16, 2020 | 5 min read
NEWS
Hide this
How will COVID-19 impact EB-5 hotels?
- Posted on April 16, 2020 | 5 min read
NEWS
Hide this
Associates of EB-5 fraudster challenge receiver’s bid to sue them
- Posted on April 16, 2020 | 5 min read
NEWS
Hide this
Lawyer for Palm House developer faces up to 230 years in prison for his role in EB-5 fraud
- Posted on April 8, 2020 | 5 min read
NEWS
Hide this
EB-5 fund administrator NES Financial (NES) purchased for $40 million by JTC Group
- Posted on April 8, 2020 | 5 min read
NEWS
Hide this
SEC disputes law firm’s claim to $2.6 million for getting receiver appointed in EB-5 fraud case
- Posted on April 8, 2020 | 5 min read
NEWS
Hide this
Chinese investors want sanctions against developer who missed deadline to explain missing $49.5 million
- Posted on April 8, 2020 | 5 min read
NEWS
Hide this
Pandemic forces AILA to move 2020 conference from June to the fall
- Posted on April 8, 2020 | 5 min read
NEWS
Hide this
April Visa Bulletin: India makes big jump, China stays the same
- Posted on March 25, 2020 | 5 min read
NEWS
Hide this
Judge denies investor & regional center legal challenge of counting family members towards EB-5 quota
- Posted on April 1, 2020 | 5 min read
NEWS
Hide this
$2 trillion stimulus package leaves out EB-5 — but some feel hopeful about inclusion in an upcoming package
- Posted on April 1, 2020 | 5 min read
NEWS
Hide this
Why has I-526 processing decreased from 2018 to 2019? Let us count the ways
- Posted on April 1, 2020 | 5 min read
NEWS
Hide this
With the coronavirus impact on the economy, should investors worry about filing their I-829?
- Posted on April 1, 2020 | 5 min read
NEWS
Hide this
USCIS extends deadlines for Requests for Evidence & Notices of Intent to Deny by 60 days
- Posted on April 1, 2020 | 5 min read
NEWS