Delays on Staten Island NY Wheel may be Devastating for EB-5 Investors

New York Wheel, the long awaited Staten Island attraction, faces yet another major impediment. Last week, the project’s developer fired its design and construction team, Mammoet-Starneth, delaying the project indefinitely. The developers are now searching for other contractors to complete the project. The developer claims Mammoet failed “to meet multiple design and construction deadlines,” the Staten … Read moreDelays on Staten Island NY Wheel may be Devastating for EB-5 Investors

EB-5: Quiros, SEC to Mediate in December in Miami

Ariel Quiros will head to mediation with the SEC in December, at his attorneys’ office, the two sides agreed to in federal court in recent days. SEC Continues to Try to Narrow Quiros’s Defenses The federal case against Ariel Quiros, the embattled alleged mastermind of Vermont’s largest case of securities fraud, will be the subject of mediation later … Read moreEB-5: Quiros, SEC to Mediate in December in Miami