Posts Tagged ‘eb5’
Last week I wrote about the silver lining to the Chicago Convention Center case. On April 9th, the U.S. District Court Judge directed the return of more than $147 million funds held in escrow to the investors of the project. The fact that the investors would have their monies returned is welcome news to all industry stakeholders. In a recent…
Chicago Convention Center: the silver lining
05-17-2013
Much has been written about the Chicago Convention Center project over the last two months. In early February the Securities and Exchange Commission (SEC) filed suit against the Regional Center and its principals alleging violations of securities laws and fraud. Appropriately, both the SEC and the United States Citizenship and Immigration Service (USCIS) are being recognized by the EB-5 community…
The Association to Invest in the USA (IIUSA) and Senator Patrick Leahy (D-VT) have been tirelessly working for years to permanently reauthorize the EB-5 Regional Center Program. His proposed amendment to S. 744 would 1) permanently authorize the EB-5 Program, 2) maximize the Program’s capacity for economic impact, and 3) address the processing backlogs. View IIUSA’s letter to Senator Leahy…
NES Financial had the honor of partially sponsoring and attending the 4th Annual National EB-5 Investment Boot Camp at the offices of Greenberg Traurig in NYC on April 10th. The day started off with an EB-5 Market Update from Brian Su. Brian confirmed that the latest SEC action in Chicago had caused increased concern among Chinese immigrants hoping to utilize…
