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July 2015: New I-829 Petition, EB-5 Investment Coalition (EB-5IC) Report, and More

In Announcements, EB-5 Financing, EB-5 News, I-829, Investor Alerts, Month in Review by EB-5 Blog Staff

New Form I-829 Petition The USCIS uploaded a new Form I-829 Petition to their website. The newly uploaded petition is the 05/07/15 edition. USCIS will accept editions dated 3/11/13 or earlier only until 8/14/15. Note: Starting on 8/15/15, the USCIS will only accept the newly released 05/07/15 edition of the Form I-829 Petition. EB-5 Investment Coalition (EB-5IC) Report The EB-5 …

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Demystifying EB-5 Intercreditor Agreements

In Announcements, Demystifying Series, EB-5 Financing, Intercreditor Agreements, Mezzanine Financing by Cristian Bratescu

Over the past month we have received a few questions about the use and structure of EB-5 intercreditor agreements. Therefore, we have decided that this topic warrants a public post instead of individual responses. An intercreditor agreement is broadly defined as an agreement between one or more creditors who have shared interests in a particular borrower. This agreement is used …

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The Untold Side of the Chicago Convention Center Fraud

In Announcements, EB-5 Financing, EB-5 News, Escrow Agreements, Regional Centers by Cristian Bratescu

Late last month, a federal grand jury brought criminal charges against Anshoo Sethi.1 The indictment, charging Mr. Sethi with eight counts of wire fraud and two counts of making false statements, brings with it the potential for a lengthy prison sentence. The maximum sentence, if convicted, would be 20 years for each of the fraud counts and an additional 10 …