EB5

Bill Stenger sentenced to 18 months in prison for his role in the EB-5 scandal

(Liam Elder-Connors | Vermont Public Radio) – Bill Stenger, one of the architects of the Northeast Kingdom EB-5 investment scandal, was sentenced to 18 months …

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Prosecutors seek maximum sentence after plea deal in Vermont EB-5 scandal

Jay Peak’s Bill Stenger speaks at a groundbreaking ceremony in 2015 for a proposed AnC Bio facility in Newport. The project never happened, and Stenger …

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Fraud-Plagued “Pay to Stay” Immigration Program Didn’t Stay Dead

(Chuck Muth) – Buried at the end of the recently passed 2,741-page omnibus spending bill – that virtually no Member of Congress read before voting …

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Congress, Biden Reauthorize EB-5 Visas for Mostly Wealthy Chinese Nationals

(John Binder | Breitbart News) – President Joe Biden and members of Congress reauthorized a little-known program that peddles United States visas, and eventually naturalized …

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Woman admits to $22.8M fraud scheme involving Coachella hotel project

(Desert Sun) – An Arcadia woman pleaded guilty on Tuesday to soliciting over $22.8 million in funds for a condominium and hotel complex in the …

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Court records point to state cover-up in EB-5 fraud at Burke Mountain Resort

(Anne Galloway | VTDigger) – By the end of 2014, there was a growing recognition inside Vermont state government that the sprawling Northeast Kingdom Economic …

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Chicago EB-5 fraud cases put pressure on Senate Judiciary Chairman Durbin

(Kim Riley) – U.S. Senate Democratic Whip Dick Durbin (D-IL), chairman of the Senate Judiciary Committee, potentially has an EB-5 program fraud problem in his …

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Joseph Walsh hit with $26M judgment over alleged Royal Palm Beach EB-5 fraud

(Lidia Dinkova | The Real Deal) – Joseph Walsh Sr., who is accused of being a pivotal player in some of South Florida’s biggest EB-5 …

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Ariel Quiros pleads guilty to fraud charges related to the Jay Peak EB-5 AnC Vermont project in northeast Vermont

(IRS.gov) – Today, Ariel Quiros of Key Biscayne, Florida, pleaded guilty before Chief Judge Geoffrey W. Crawford in United States District Court in Burlington to …

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Passport to Fraud: The federal visa program for wealthy investors is plagued by scams, influence-peddling, and national security violations

(Steve Malanga | City Journal) – After the former head of South Dakota’s office of tourism and development turned up dead in October 2013, conspiracy …

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Bad actors force reform of fraud-plagued EB-5 investor program

  (Kim Riley | Transportation Today) – Fraud and abuse in the EB-5 Immigrant Investor Program are largely responsible for the recently published final rule in …

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Another $110 Million-Plus EB-5 Scandal, and Three Indictments

(David North | Center for Immigration Studies) – There was another group of EB-5 middlemen indicted this month, this time for a $110 million-plus scandal, …

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Oakland businessman Tom Henderson charged in $110 million immigration fraud scheme

(Kumasi Aaron | ABC7News) – An Oakland businessman appeared in federal court Tuesday, just hours after being arrested. He’s one of three men facing federal …

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Trio Charged For Alleged $110 Million Immigration Fraud

(Doug Sovern | KCBS) – A high-profile Oakland businessman, another Oakland man and a Chinese national have been charged in an alleged immigration scam that …

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Costly path-to-citizenship program comes under fire

(Shant Shahrigian | New York Post) – The American dream cost Chinese immigrant Lance Lee $500,000. The native of Guangzhou said he had his family mortgage …

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What’s Ahead For The Fraud-Tainted U.S. EB-5 Visa Program?

(Russell Flannery | Forbes) – The fraud-tainted U.S. EB-5 visa program is set to expire at the end of next month. For all of its …

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Covid-19 Worsens Troubles in an Investor Visa Program

(Konrad Putzier | Wall Street Journal) – Tens of thousands of foreigners have bought their way to U.S. permanent residency through a federal investor visa …

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The EB-5 Program is Legally Defective and has Become a Scam

(Douglas Litowitz | Harvest) – The EB-5 investment program – created by Congress and administered by the USCIS – is defrauding Chinese investors by the thousands.  The Chinese investors are stuck in an American-made morass of federal securities …

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US files 9 lawsuits seeking forfeiture of properties worth over $30 million allegedly bought with proceeds of EB-5 visa fraud scheme

(Immigration and Customs Enforcement) – Federal prosecutors have filed civil complaints seeking the forfeiture of nine real properties across Southern California that were allegedly purchased …

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Victims of alleged U.S. visa fraud sue to get their money back

(Frank Shyong | Los Angeles Times) – Desiring an American education for his children, William Li said he put $500,000 into a visa program that …

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