Industry Digest

Industry digest is a machine-generated list of web articles intended for information purposes only. Arton does not endorse, nor promote any of the content and is not responsible for any of the links provided.

USA EB-5 | Feb 21, 2018

Governor visits a thriving Jay Peak resort

- Mr. Goldberg, the Florida lawyer and court-appointed receiver for the assets formerly belonging to Ariel Quiros, who, until recently owned Jay Peak and Burke, said the settlement of Mr. Quiros' case could greatly benefit those who put money into EB-5 projects at the resort. Federal District Judge Darrin ... Read More

Dominica | Feb 20, 2018

OECD warns citizenship by investment programs used to circumvent taxes

- These schemes allow foreign individuals to obtain citizenship or temporary or permanent residence rights in exchange for local investments or against a ... Countries with well-established citizenship-by-investment programs include Antigua and Barbuda, Dominica, St. Kitts and Nevis in the Caribbean, ... Read More

USA EB-5 | Feb 20, 2018

Jay Peak, Burke Mountain to go on sale as early as May 2018

- Vermont ski areas Jay Peak and Burke Mountain, which have been embroiled in the EB-5 fraud scandal allegedly masterminded by Miami, Florida-based businessman Ariel Quiros, will go on the market as early as May 2018, according to Michael Goldberg, the court-appointed receiver for Jay and ... Read More

USA EB-5 | Feb 20, 2018

Lucky Dragon Casino Goes Down in Flames, Files for Bankruptcy

- Fonfa had previously claimed the project had been “fully financed,” largely through $89.5 million in loans from 120 Chinese families seeking US citizenship. Under a program called EB-5, foreigners who invest $500,000 in ventures that create jobs can receive permanent green cards, although these may ... Read More

USA EB-5 | Feb 20, 2018

What’s Next for the EB–5 Program?

- The legislation also contained a short-term continuing resolution (“Continuing Resolution”) to fund federal programs further, including the EB-5 Program, through March 23, 2018. The Continuing Resolution contained a framework of a long-term budget accord, and thus, an omnibus spending bill is ... Read More

St. Kitts & Nevis | Feb 20, 2018

No CBI ‘race to the bottom’, says Dominica’s Skerrit

- Roosevelt Skerrit has said there is “no race to the bottom” when it comes to citizenship by investment programmes in the Organisation of Eastern Caribbean ... Dominica's PM added that that the heads of government of the OECS territories with CBI programmes – St Kitts and Nevis, Antigua and Barbuda, ... Read More

USA EB-5 | Feb 20, 2018

EB 635 Lanes Closed After Crash

- Eastbound Interstate 635 will be completely shut down as crews work to remove overturned 18-wheelers that were involved in a major accident, police said. The accident happened at Garland Road about 5:30 a.m. and drivers are being forced to exit at Kingsley Road or beforehand, police said. Read More

USA EB-5 | Feb 20, 2018

Lucky Dragon Heads Into Bankruptcy

- Foreclosure loomed following a $90 million loan going into default. The newspaper reports that the resort was valued at $143 million in bankruptcy documents. Another 179 people invested in the resort through the EB-5 visa program that helps foreigners gain U.S. residency by investing $500,000 into a ... Read More

USA EB-5 | Feb 20, 2018

Mueller Probing Kushner’s Attempts to Finance 666 Building

- CNN reports that one of the key things Mueller and his investigators are looking into is Jared Kushner's attempts to secure new financing for his family's flagship, debt-ridden property at 666 Fifth Avenue. They paid almost $2 billion for it just before the market crashed in 2007 and it's been dragging them ... Read More

USA EB-5 | Feb 20, 2018

What’s Next for the EB–5 Program? by: Debbie A. Klis

- Activity continues apace in the ITC's pilot program for early disposition, with two more decisions issued in the past few weeks. On January 19, the ITC issued a notice instituting an investigation in Certain Solid State Storage Drives, Stacked Electronics Components, and Products Containing Same, Inv. Read More


Industry digest is a machine-generated list of web articles intended for information purposes only. Arton does not endorse, nor promote any of the content and is not responsible for any of the links provided.

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