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3174926 08/21/2017 US banknotes and visa. From August 23, the US Embassy in Russia suspends non-immigrant visa issue. Ekaterina Chesnokova/Sputnik

First Settlement Reached in Landmark EB-5 Visa Fraud Case

Five companies involved in Vermont’s Jay Peak ski and water park development reached a $225,000 settlement with the Securities and Exchange Commission (SEC) Wednesday as part of the ongoing EB-5 “golden visa” fraud case against the development’s owner, according to a report by Law 360.

People pass graffiti along the border structure in Tijuana, Mexico, Wednesday, Jan. 25, 2017. President Donald Trump moved aggressively to tighten the nation's immigration controls Wednesday, signing executive actions to jumpstart construction of his promised U.S.-Mexico border wall and cut federal grants for immigrant-protecting "sanctuary cities." (AP Photo/Julie Watson)

Hirson and Jahangiri: Instead of Pressuring Mexican President Peña Nieto, We Have a Solution to Fund the U.S.-Mexico Wall

The huge infrastructure project in question is the approximately 2,000-mile-long wall along the United States’ southern border with Mexico. This project has been estimated to cost somewhere between $10-20 billion. While the project is supported by many Americans, it’s not a burden the American taxpayer is going to want to shoulder, or a project we should financially burden our ally and neighbor with.

Trump Plaza Residences Jersey City (Walter Burns / Flickr / CC / Cropped)

Report: Trump In-Laws Using Chinese EB-5 Visas to Build Tower

Bloomberg reported Monday that Trump Bay Street, a 50-story apartment complex being built in Jersey City, is being funded through a controversial immigration program known as EB-5, in which foreigners receive a two-year visa in exchange for investing at least $500,000 in the U.S., with enhanced opportunities for permanent residency.