LexisNexis® Legal Newsroom
EB-5 Investor Visa Program A First For Maine

"A new federal program in Franklin County that allows the state to offer green cards and permanent residency in exchange for foreign investment in Maine businesses was hailed Tuesday as a job creator. State Department of Economic Development Commissioner George Gervais announced the creation...

EB-5 investor visa can lead to green card

"As his son moved through high school, Xiaohong Mu began researching the immigration policies of Western countries where he believed his boy would get the best education. The owner of a petroleum-engineering firm in the southwest Chinese city of Chengdu, Mu considered Australia and Canada...

EB-5 'investor visa' program a boon for development funding

"When Andrew Kimball needed $60 million to help redevelop the Brooklyn Navy Yard in 2009, the president of the 300-acre industrial park boarded a plane for China. Halfway around the world, he made a compelling pitch to potential investors packing conference rooms and auditoriums in Beijing...

AAO: EB-5 Regional Center De-Certified; Job Creation vs. Job Preservation

"The applicant's argument that the IWWTF will be a ghost plant if it does not obtain bridge financing is inherently an argument that touches on preservation of jobs, not creation of jobs. The regulation at 8 C.F.R. § 205.6(j)(4)(ii) allows investors to be credited with preserved jobs, but...

President Signs S.3245 into Law, Extending EB-5 Regional Centers, E-Verify, Religion Workers, and Conrad State 30 J-1

"On Friday, September 28, 2012, the President signed into law S. 3245, which extends to September 30, 2015, the expiration dates of key requirements of four immigration programs administered by the Department of Homeland Security: the EB-5 Regional Center Program; the E-Verify Program; the Special...

SEC Sues Chicago EB-5 Regional Center, Anshoo Sethi: Massive Fraud Alleged

"The Securities and Exchange Commission today announced charges and an asset freeze against an individual living in Illinois and two companies behind an investment scheme defrauding foreign investors seeking profitable returns and a legal path to U.S. residency through a federal visa program."...

Impact of EB-5 Retrogression on the Regional Center Loan Model: Cyrus D. Mehta

"The China EB-5 retrogression will result in other unique problems not experienced in other immigrant visa preference categories. Most EB-5 regional center investments are based on a loan rather than an equity model . EB-5 investors invest into the new commercial enterprise (NCE) of a regional center...

SEC Granted TRO in Wa. EB-5 Regional Center Lawsuit: SEC v. Path America

Here is a link to a PDF combining the Complaint (pages 1-17) and the TRO (pages 18-27) issued Aug. 24, 2015 in SEC v. Path America, No. 2:15-cv-01350-JLR, W.D. Wa. Excerpts: "Since February 2012, defendants Lobsang Dargey; Path America, LLC; Path America SnoCo LLC; Path America Farmer’s...