EB-5 News
December 22, 2023
Hotel developers face higher interest rates in 2024, look to EB-5 as a cheaper funding source
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Trial of American accused of EB-5 fraud in Nigeria delayed due to lawyer’s car troubles
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Kelly, key advisor to developer Quiros, agrees to 3-year prison deal for his role in massive EB-5 medical facility fraud
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Texas businessman accused of defrauding EB-5 investors argues there is no proof
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California lawyer disbarred after EB-5 scam, must forfeit 7 properties worth over $20 million
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Feds seek 4 years in prison for California EB-5 con artist
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State of Vermont makes a final settlement with all 850 defrauded EB-5 investors — for pennies on the dollar
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Quirios’ legal team, accused of aiding Jay Peak EB-5 fraud, agrees to $32.5 million settlement with receiver
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Vermont’s Kingdom Con fraud settlement sounds like a con too: lawyers get $5.5 million, many EB-5 investors to get only $1,000 each
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Former EB-5 investor pleads guilty to illegally exporting U.S. technology to China, money laundering, visa fraud
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California developer pleads guilty to defrauding investors, using over $2 million for personal expenses
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Developer who misappropriated investors funds permanently barred from EB-5
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Jay Peak receiver settles for $1.75 million with bank accused of aiding historic EB-5 fraud
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Jay Peak CEO Stenger claims aide for former Governor Shumlin could be EB-5 fraud ‘co-conspirator’
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Miami’s immigration building sells for $23 million; defrauded EB-5 investors to get back some of their $50 million
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Jay Peak’s Stenger starts prison term, says he regrets not paying more attention to EB-5 fraud
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SEC wants EB-5 fraudster Liu to pay back almost $21 million in disgorgement
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USCIS reverses decision to shut down Vermont EB-5 Regional Center — Green Card hopes for defrauded Jay Peak investors?
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Investors suing Vermont blocked from records
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Court orders two California EB-5 fraudsters to disgorge $20.8 Million, disallows claim of $7.5M in salaries
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