LexisNexis® Legal Newsroom
Omar Hakim
SEC Alleges Jay Peak Owners Engaged in Massive Fraud of EB-5 Investors

The Securities and Exchange Commission has charged and frozen the assets of Ariel Quiros of Miami, FL, William “Bill” Stenger of Newport, VT, Q Resorts Inc. and Jay Peak Inc. in connection with violations of the antifraud provisions of Section...

Omar Hakim
EB-5 Program Becomes Examination Priority For Both the SEC and FINRA

Private Placements: Focusing Closely on EB-5 Program It is well-known in the EB-5 community that the Securities Exchange Commission (the “SEC”) is scrutinizing the EB-5 program closer than ever. The SEC and the Financial Industry Regulation...

Mona Shah
An Insider’s View of the EB-5 Program Extension to September 30, 2016

by Mona Shah & Omar Hakim The Battle to Reform EB-5: After months of vigorous debates, endless negotiations, constant redrafting, and a frenzy of last minute investor filings, it was much ado about nothing! Congress, never known for efficiency...

Jordan D. Maglich
Jury Holds Ernst & Young Liable for Madoff Losses

A Washington jury has found accounting firm Ernst & Young ("E&Y") liable for at least $10 million of losses suffered by a Washington investment company that invested in Bernard Madoff's infamous Ponzi scheme through a "feeder...

Norton Rose Fulbright
Supervision of International Bank Branches-A Global Analysis: United States

by Kathleen Scott 1. How can international banks operate in your jurisdiction? Non-US banks can engage in banking activities in the US through direct offices such as branches, agencies and representative offices or through bank subsidiaries. Branches...

Jordan D. Maglich
Criminal Charges Filed Against Co-Founder of "Triple Algorithm" Ponzi Scheme

North Carolina prosecutors have filed criminal charges against a Michigan man accused of masterminding a massive Ponzi scheme that duped over 10,000 victims out of at least $7 million by telling them he could deliver outlandish returns exceeding 700%...