I came across an article about an EB-5 project in Vermont this morning that truly will open the eyes of anyone wishing to use EB-5 as a method to immigrate to the United States. Here are some choice quotes from the piece courtesy of VTDigger.org
“A group of immigrant EB-5 investors are incensed that Bill Stenger, president and CEO of Jay Peak Resort, seized ownership of the Tram Haus Lodge and turned their half-million dollar equity stakes in the property into IOUs.”
Take it or Leave It?!!!
“After the investors sent letters of complaint to Stenger and the state, Jay Peak agreed to change certain terms of the IOU in a take-it-or-leave-it offer earlier this month…”
Disgruntled investors sent formal letters of complaint to the Vermont Regional Center in May. Several say that instead of investigating their complaints, Raymond directed them back to Stenger for answers.
It Boils Down to Trust…
This article illustrates that no matter what you choose in terms of an EB-5 Investment, it boils down to trust. Do your due diligence before making a life-changing decision when it comes to EB-5. FranVest believes our Direct EB-5 model based on Franchising, where you are 100% owner of the business (not a limited partner) is the best way to maintain that trust.
Here’s the article in its entirety…
Take a read of the article and if you are interested in how we are a viable option, just give us a call…
About Peter Sorensen and FranVest Management
Peter is a Global Business Development Director for FranVest Management. FranVest Management is America’s only complete EB-5 franchise investment and management solution. The EB-5 Immigration Program is a complicated, bureaucratic, and highly-regulated process that is difficult to manage. However, with the right organization on your side, the benefits can far outweigh the risks. Our team of franchise and financial professionals has the knowledge, the experience, and the technology needed to successfully navigate this complicated program.