May 13 2015

Freedom of Information Act

Many Regional Centers (“RC”) are receiving notices from USCIS that someone has filed a Freedom of Information Act request for a copy of the RC’s I-924A annual reports. Someone is on a fishing expedition for information. Some are from an attorney in Florida. IIUSA has also filed a FOIA request...

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May 1 2015

DHS Proposed Changes to the EB-5 Program

Released today is a letter from DHS Secretary Jeh Johnson dated April 27, 2015, to Senate Judiciary Committee Chairman Charles Grassley about the extension of the regional center EB-5 statute, which is set to expire September 30. He suggested a number of statutory changes, most notably: • Increase the EB-5 minimum...

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April 24 2015

TEA Seminar

The excellent EB-5 economist, Michael Kester, will hold a webinar about TEAs on May 5th. Michael, at Impact DataSource, runs the popular website that allows one to research TEA by census tract. To register for this webinar, go to

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April 14 2015

China Quota Retrogress in May

China Quota Retrogress in May The Department of State May 2015 visa bulletin was released today.  It contains a cutoff date of May 1, 2013, for the EB-5 China quota (not other countries). Attached is my memo explaining quota retrogression, which I have expanded to address a few questions I have...

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April 4 2015

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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