Search Subject: April 2014 [Clear]

April 22 2014

Will the China EB-5 Quota Backlog this Summer?

Last week in Washington, DC, I met with the Department of State official who distributes visa numbers. He predicts the 10,000 EB-5 visas allocated annually for China will be very close to being exhausted this fiscal year, which ends September 30, 2014. He will have a better estimate in June....

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April 17 2014

TEA Changes

As I have previously reported, some states, including California, are now switching from using 2000 census tract boundaries to 2010 census tract boundaries for determining targeted employment area (TEA) qualification. In some cases this switch may affect TEA designation. Here is an example of the difference that may arise: Consider a particular...

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April 15 2014


Lawler & Lawler has prevailed in a very important regional center test case in which the USCIS held that guest expenditures in the local area outside of the hotel can be used to calculate job creation. This is one of the first cases approved since the USCIS restricted counting indirect...

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April 4 2014

SEC – Chicago

The verdict is in for the SEC’s civil action against A Chicago Convention Center, LCC (ACCC), Anshoo Sethi, and International Regional Center Trust of Chicago (IRCTC), in a fraudulent Chicago-based EB-5 venture. Sethi set up a bogus regional center project and sold $145 million in securities and collected $11 million in...

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