EB-5 Mine Investors Urge Judge To Reverse Denials Of Visas
By Kelly Knaub (March 14, 2016, 6:01 PM EDT) -- Dozens of EB-5 immigrant investor hopefuls urged a D.C. federal judge on Friday to resolve in their favor the case alleging that U.S. Citizenship and Immigration Services inconsistently applied policies when it denied their visa petitions, saying the denials should be reversed.
The more than 70 visa applicants, who each invested $500,000 in mines in Idaho and Montana and are mostly Chinese nationals, told the court in their motion for summary judgment that the USCIS was arbitrary and capricious when the agency determined that a "call option" in their limited partnership agreement with Quartzburg Gold Co. negated their investment risk, thereby...
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