USCIS has sent out termination notices to over 100 EB-5 Regional Centers based on non-payment of integrity fees! Naturally, many investors are now feeling panicked and uncertain about the future. While previously, Regional Centers used to number in the 800s, in recent years that number has dwindled. This means, even though it’s over 100, that number is an even higher percentage of the centers than it may appear. So, those affected are not alone in feeling the impact of these USCIS policies and the confusion surrounding them.
Join Mona and Rebecca as they dive into the details of these termination notices and more! Discover how these notices compare to other recent changes in the way USCIS operates, the ongoing responsive litigation, and how USCIS may respond or could change tactics in the future (as well as how they could’ve handled this issue). In addition, enjoy insightful commentary from industry experts Kelly Freis and Pete Conklin.
“And I think at the end of the day, USCIS will have to do something. It’s too many regional centers out there. And like we said, it’s a constitutional right as well.” – Rebecca Singh
“It’s unfair because these regional centers think that they’re in compliance, and they’re filing their documents and they have people filing papers and paying fees, and then they’re getting a notice in the mail. They don’t get a notice that they did anything wrong. They just get a notice that they’re going to be terminated. […] And the way that they’re processing these records are not up to the standards that they’re requiring the regional centers to uphold. So, this is a blatant double standard, and it should be against the law.” – Kelly Freis
Kelly Freis
Kelly Freis is the founder and CEO of the global business consulting firm International Growth Capital.
“Some are closing, most are planning to fight, though. […] I don’t understand, really [USCIS is] being a little bit of a playground bully. […] Yes, we can sue the government, and we don’t have to worry about them coming after us or anything like that. But it’s still a shame that we have to take that step, because it doesn’t always work. You know, we can sue, and we can still lose.” – Pete Conklin
Pete Conklin
Pete Conklin is the COO of iLand Development Group.
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