EB-5 Immigrant Investor Visa: SEC Case Freezes Assets of Ski Resort (Jay Peak) Steeped in Fraudulent EB-5 Offerings

The Securities and Exchange Commission today announced fraud charges and an asset freeze against a Vermont-based ski resort and related businesses allegedly misusing millions of dollars raised through investments solicited under the EB-5 Immigrant Investor Program.

The SEC’s case was unsealed today in federal court in Miami, and the court has appointed a receiver over the companies to prevent any further spending of investor assets.

The SEC alleges that Ariel Quiros of Miami, William Stenger of Newport, Vt., and their companies made false statements and omitted key information while raising more than $350 million from investors to construct ski resort facilities and a biomedical research facility in Vermont. Investors were told they were investing in one of several projects connected to Jay Peak Inc., a ski resort operated by Quiros and Stenger, and their money would only be used to finance that specific project. 

Instead, in Ponzi-like fashion, money from investors in later projects was misappropriated to fund deficits in earlier projects. 

More than $200 million was allegedly used for other-than-stated purposes, including $50 million spent on Quiros’s personal expenses and in other ways never disclosed to investors.

According to the SEC’s complaint, Quiros improperly tapped investor funds for such things as the purchase of a luxury condominium, payment of his income taxes and other taxes unrelated to the investments, and acquisition of an unrelated ski resort.

“The alleged fraud ran the gamut from false statements to deceptive financial transactions to outright theft,” said Andrew Ceresney, Director of the SEC’s Division of Enforcement. “As alleged in our complaint, the defendants diverted millions of EB-5 investor dollars to their own pockets, leaving little money for construction of the research facility investors were told would be built and thereby putting the investors’ funds and their immigration petitions in jeopardy.”

The SEC’s complaint charges Quiros, Stenger, Jay Peak, and a company owned by Quiros called Q Resorts Inc. as well as seven limited partnerships and their general partner companies with violating the antifraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5. Four other companies are named as relief defendants in the SEC’s complaint for the purpose of recovering investor funds transferred into their accounts. The SEC seeks preliminary and permanent injunctions, financial penalties, and disgorgement of ill-gotten gains plus interest. The agency also seeks conduct-based injunctive relief against Quiros and Stenger along with an officer-and-director bar against Quiros.

Read more here.

About dangers of a "free legal consultation": article in Russian from my Moscow colleagues.

Article from my Moscow colleague in Russian below: how to avoid making mistakes when choosing and retaining an attorney, lawyer, immigration attorney; or when deciding whether to file anything, and what steps should be taken to protect and secure your legal rights. 

Why an offer of a "free first consultation" or "free chat with our representative through our website" is usually an indication of a scam and an unqualified lawyer (or even a non-lawyer who pretends to be an attorney) who is ready to "promise" and "guarantee" success to anyone as long as the client is paying, no matter the consequences to a client.

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Как известно, нередко недобросовестные юристы и юрфирмы клиентов привлекают через интернет, где обещают провести бесплатную консультацию (заманивают бесплатными консультациями). 

Например, человек заходит на юридические сайты, где пытается найти ответы на свои вопросы бесплатно. Всплывает окошко чата, где виртуальный оператор предлагает его проконсультировать. Человек излагает проблему. Но будьте уверены, что исчерпывающе и пошагово никто его консультировать не собирается. Его попросят оставить номер телефона. Когда ему перезвонят, то вся суть разговора сведется к тому, что ему пообещают, что *обязательно помогут* и *гарантирую успех* за определенную сумму денег.

Не секрет, что многие предпочитают слышать то, что лишь хотят услышать. Так происходит и при обращении к юристам. Некоторые люди, как им кажется, "знают все сами", а иногда и больше специалистов. Так вот, если некоторым людям добросовестный юрист говорит, что шансов мало или их нет вовсе, они уверенно отправляются к тем юристам, из уст которых они услышат слова поддержки и гарантию успеха.

Следует помнить: 1) бесплатный сыр бывает только в мышеловке, 2) добросовестный адвокат не имеет право гарантировать успех, 3) хороший адвокат не предоставляет бесплатных консультаций, так как зачем ему/ей это нужно, и на это просто нет времени, к тому же хороший адвокат понимает, что самое главное, это предварительно изучить дело клиента и дать ему правильный совет, а только затем переходить к действиям и заключать договор.

Очень полезная статья по-русски от моих московских коллег тут.
Here is this article on my website.
To schedule a consultation with an immigration attorney, please email us first in English or Russian.

LIST OF USEFUL LINKS: USCIS, Processing Times, Visa Bulletin, Priority Dates, Case Status, Case Inquiry.

USCIS or DHS where you can find USCIS contact number, webforms and download all applications and forms for free is here.

USCIS Case Status: you can check status of your pending case online here.

USCIS Processing Times: you can see how fast cases are being adjudicated or decided by different USCIS / DHS offices around the United States here.

USCIS Change of Address Form Online: you can submit your change of address form online here.

USCIS Case Inquiry Webforms: you can submit your questions or case inquiry directly to USCIS by using one of the webforms here.

US Department of State Monthly Visa Bulletin: you can find monthly visa bulletin and check how fast your priority date is progressing here.

You can find out current Visa Fees for various visas to USA here.

To schedule a consultation with an experienced immigration attorney who speaks English and Russian, please email to schedule.

How to bring your newborn child to USA, if you are a permanent resident or an immigrant visa holder?

How to bring your newborn child to USA, if you are a permanent resident or an immigrant visa holder? 

Sometimes in my practice as an immigration attorney, I see people make wrong decisions affecting their lives for many years, result in separation from family and children; can be a cause of severe depression; and loss of the permanent resident status (aka "green card").

Situation #1:

Child born abroad to Lawful Permanent Resident (LPR) may be allowed to board the plane to the United States, if the child was born during temporary visit abroad of a mother who is a lawful permanent resident alien of the United States, provided that the child’s application for admission to the United States is made within two years of birth and the child is accompanied by the parent who is applying for readmission as a permanent resident upon the first return of the parent.

Situation #2: 

Child born abroad to an accompanying parent after issuance of an immigrant visa to the parent but prior to the parent’s initial admission as an immigrant may be boarded as long as the child has a passport or is listed in a parent’s passport and is in possession of the birth certificate.

Read at our blog here.

http://law-visa-usa.com/1/post/2015/10/how-to-bring-your-newborn-child-to-usa-if-you-are-a-permanent-resident-or-an-immigrant-visa-holder.html

DV 2017 Program or Green Card Lottery registration period from October 01, 2015 to November 03, 2015. Период регистрации в лотерею грин карт на 2017 год с 1 октября по 3 ноября 2015.

DV-2017 Program: Online Registration DV 2017 Program begins on Thursday, October 1, 2015 at 12:00 noon, Eastern Daylight Time (EDT) (GMT-4), and concludes on Tuesday, November 3, 2015 at 12:00 noon, Eastern Standard Time (EST) (GMT-4).

DV-2017 lottery entries can be submitted online at only one official US Department of State website.

On September 30th 2015, US Department of State published the official DV-2017 Program Instructions in English - DV-2017 Program Instructions in PDF format. The English language version of the DV-2017 Program Instructions is the only official version. 

Unofficial translations in additional languages will be added as they become available.

Note: If you do not see instructions in your native language, please see the U.S. Embassy or Consulate website to find out whether your country may have additional Diversity Visa information.

You can find official US Department of State DV-2017 lottery instructions here: http://travel.state.gov/content/visas/en/immigrate/diversity-visa/instructions.html

For DV-2017, natives of the following countries are not eligible to apply, because more than 50,000 natives of these countries immigrated to the United States in the previous five years: 

Bangladesh, Brazil, Canada, China (mainland-born), Colombia, Dominican Republic, Ecuador, El Salvador, Haiti, India, Jamaica, Mexico, Nigeria, Pakistan, Peru, Philippines, South Korea, United Kingdom (except Northern Ireland) and its dependent territories, and Vietnam. 

Persons born in Hong Kong SAR, Macau SAR, and Taiwan are eligible. 



I would like to highlight several important requirements:

12. Highest level of education you have achieved, as of today: (1) Primary school only, (2) Some high school, no diploma, (3) High school diploma, (4) Vocational school, (5) Some university courses, (6) University degree, (7) Some graduate-level courses, (8) Master’s degree, (9) Some doctoral level courses, and (10) Doctorate. See the Frequently Asked Questions for more information about educational requirements. 

13. Current marital status – Unmarried, married and my spouse is NOT a U.S. citizen or U.S. Lawful Permanent Resident (LPR), married and my spouse IS a U.S. citizen or U.S. LPR, divorced, widowed, or legally separated. Enter the name, date of birth, gender, city/town of birth, and country of birth of your spouse, and a photograph of your spouse meeting the same technical specifications as your photo. Failure to list your eligible spouse will result in your disqualification as the Diversity Visa principal applicant and refusal of all visa applications in your case at the time of the visa interview. You must list your spouse even if you plan to be divorced before you apply for a visa. A spouse who is already a U.S. citizen or LPR will not require or be issued a visa, though you will not be penalized if you list them on your entry form. See the Frequently Asked Questions for more information about family members. 

14. Number of children – List the name, date of birth, gender, city/town of birth, and country of birth for all living unmarried children under 21 years of age, regardless of whether they are living with you or intend to accompany or follow to join you, should you immigrate to the United States. Submit individual photographs of each of your children using the same technical specifications as your own photograph. 

Be sure to include: 
*all living natural children;  
*all living children legally adopted by you; and, 
*all living step-children who are unmarried and under the age of 21 on the date of your electronic entry, even if you are no longer legally married to the child’s parent, and even if the child does not currently reside with you and/or will not immigrate with you. 

Married children and children who are already aged 21 or older when you submit your entry are not eligible for the DV program. However, the Child Status Protection Act protects children from “aging out” in certain circumstances. If your DV entry is made before your unmarried child turns 21, and the child turns 21 before visa issuance, he/she may be treated as though he/she were under 21 for visa-processing purposes. 

A child who is already a U.S. citizen or LPR is not eligible for a Diversity Visa; you will not be penalized for either including or omitting such family members from your entry. Failure to list all children who are eligible will result in disqualification of the principal applicant and refusal of all visa applications in the case at the time of the visa interview. 

After May 01, 2016, you will be able to check your status online at another US Department of State website to see if you have been selected a winner.

We would be glad to help you to submit your DV-2017 entries properly and timely. After submitting an entry, we always save and forward to our clients confirmation pages. Please email us first and we will forward to you our brief instructions.

In Russian:

Сегодня Госдеп США наконец-то опубликовал официальные инструкции для подачи заявок в Лотерею Грин Карт на 2017 год. Прием заявок осуществляется онлайн только на одномофициальном вебсайте Госдепа США.

Подача заявок через какие-то другие вебсайты не допускается. Таких "неофициальных, но выглядящих вполне легитимно" вебсайтов множество, и они выдают себя за организации как-то связанные с Госдепом, и прикрываются официальными эмблемами США, но это обычное мошенничество.

Если вам помогает адвокат или другой профессионал правильно подать заявку в лотерею, после подачи заявки они должны предоставить вам конфирмационный номер, а еще лучше сохранить и выслать по электронной почте саму конфирмационную страницу с номером и вашей биографической информацией. 

Повторные заявки в течение одного периода подачи не допускаются. Ошибки не исправить после подачи заявки. Требования к фото строгие.

Начало приема заявок 01 октября 2015, и заканчивается подача заявок 03 ноября 2015.

Вы сможете узнать выбрали ли вас победителем только после 01 мая 2016, когда на особом вебсайте Госдепа США вы сможете ввести свои данные и получить ответ на вопрос: являетесь ли вы победителем.

Затем, вы перейдете на следующий этап: подача заявления на визу для себя и членов вашей семьи. На этом этапе рекомендуется пользоваться услугами квалифицированного американского иммиграционного адвоката, чтобы избежать ошибок или отказа из-за "глупости". Кстати, очень частоотказывают в грин картах по лотерее именно из-за "глупостей", которые не прощаются (например, "забыл" указать ребенка жены от первого брака, решил не указывать новорожденного ребенка рожденного вне брака "как же его сфотографируешь?" и т.п.). Поэтому может быть полезна помощь адвоката и при подаче заявки в лотерею.

Если вам нужна помощь, мы будем рады помочь правильно подать заявки на всех членов семьи, и позже с получением грин карты если вас выбрали победителем лотереи. Обращайтесь к нам по электронной почте, и мы вам вышлем список попросов и условия оплаты.