Header graphic for print
EB-5 Insights Where Government Policies and Business Realities Converge

Monthly Archives: December 2013

Posted in Inspector General

On December 12, 2013, the Office of the Inspector General (“OIG”)  for the Department of Homeland Security (“DHS”) released a long awaited report analyzing the United States Citizenship and Immigration Services (“USCIS”) administration of the EB-5 Regional Center program. Please see previous posts about the investigation. The report contains four recommendations of which USCIS concurred… Continue Reading

Posted in Inspector General, USCIS

The U.S. Senate confirmed U.S. Citizenship and Immigration Services (USCIS) Director Alejandro Mayorkas to be the Deputy Secretary of Homeland Security by a straight partisan vote of 54-41.  President Obama also announced the nomination of  Leon Rodriguez to fill his post.  Mr. Rodriguez is currently with the Department of Health and Human Services as the… Continue Reading

Posted in General, Inspector General

On December 16, 2013, the U.S. Senate confirmed Jeh C. Johnson, the former general counsel of the Pentagon, to lead the U.S. Department of Homeland Security (DHS) in a resounding 78-16 vote. (As reported earlier, the confirmation of Alejandro Mayorkas to become DHS Deputy Secretary is also expected to move forward after a Senate committee… Continue Reading

Posted in EB-5 Program

The appointment of Nicholas Colucci as Director of the EB-5 Program appears to signal a shift in focus. Mr. Colucci has an extensive background in financial crimes and investigations, which may alter the way U.S. Citizenship and Immigration Services (USCIS) currently administers the EB-5 Program. Mr. Colucci’s financial investigations experience will service him well when… Continue Reading

Posted in EB-5 Program, Inspector General

As previously discussed this Fall, Inspector General Investigations and whistle-blower driven reviews by Congressional Oversight Committees are very commonplace in Washington, D.C.  The nomination of Alejandro Mayorkas, the current Director of the USCIS at DHS and the presidential nominee to assume the Deputy Secretary position at DHS, now seems to be more complicated than a… Continue Reading

Posted in EB-5 Program

Greenberg Traurig Immigration attorney, Ali Brodie, recently returned from China where she gave EB-5 presentations and met with EB-5 investors in both Beijing and Shanghai.  She accompanied regional center clients and immigration business consultants to assist in providing legal advice on the I-526 application process to potential investors as part of the services Greenberg Traurig… Continue Reading

Posted in EB-5 Program, Immigrant Investor, Marketing, Speaking Engagement

GT Immigration attorney Kate Kalmykov will serve as a co-panelist at an EB-5 Immigrant Investor Panel and Luncheon entitled “Putting Together the Pieces of EB-5” on December 18th from 12:00 – 2:00 p.m. at the Greenberg Traurig New York Office. Co-panelists include Andy Feinberg of Ackman-Ziff and Genevieve Roman of Extell New York Regional Center, with… Continue Reading

Posted in EB-5 Program, Securities Law

There seems to be a lot of confusion in the marketplace about who needs to be an accredited investor within the framework of the U.S. securities laws. Within the United States, EB-5 offerings rely on an exemption from registration with the Securities and Exchange Commission that limits the investor pool primarily to “accredited investors,” as… Continue Reading