Latest / IMI Podcasts / This Week in IMI - Nov 25: Brazen "Mexico CBI" Scams, Hungary's New Golden Visa, Movie Producer Takes St Kitts to US Court
Transcript
- 0:05SPEAKER_00: You're listening to This Week in Investment Migration.
- 0:10SPEAKER_00: A French criminal court of appeals found executives of a TV channel guilty of criminal defamation and ruled the producers had deliberately misquoted Jean-Philippe Chekuti in an undercover investigative report four years ago.
- 0:25SPEAKER_00: Chetcuti has previously been fully exonerated of all suspicions of impropriety by several public and private professional organizations who have reviewed the material.
- 0:36SPEAKER_00: The French court has imposed fines and moral damages in favor of Chetcuti and his firm.
- 0:45SPEAKER_00: Data released by Montenegro's investment agency this week revealed the country's erstwhile CBI program raised more than 400 million euros from some 1,100 applicants in its short-lived life.
- 1:00SPEAKER_00: The program closed at the end of last year following pressure from the EU.
- 1:05SPEAKER_00: Nearly a year after closing, the program has only approved 484 applications.
- 1:11SPEAKER_00: Have you heard claims of Mexican citizenship in just weeks?
- 1:15SPEAKER_00: False advertising in the citizenship by investment industry has landed some in hot water.
- 1:20SPEAKER_00: In this article, three experienced industry figures, Eric Major, Carl Haddad, and Edward Nedelku, share anecdotes of these two good-to-be-true promises and the sometimes illegal practices behind them.
- 1:36SPEAKER_00: In legislation expected to pass in Parliament, Hungary's government has introduced new investment-based residency options, essentially Europe's newest golden visa program.
- 1:47SPEAKER_00: Slated to take effect on September 1, 2024, the bill offers a two-year guest investor visa, leading to a 10-year renewable residence permit.
- 1:58SPEAKER_00: Ahmad Abbas outlines the details and how investors may qualify in this article.
- 2:04SPEAKER_00: Unprofessional practices and fraudulent actors pose serious threats to the investment migration industry.
- 2:11SPEAKER_00: With the EU and UK tightening controls on citizenship by investment programs, the industry faces unprecedented challenges.
- 2:20SPEAKER_00: Charles Sava explores recent market controversies like the St.
- 2:24SPEAKER_00: Kitts and Navis Russian refunds, the robustness of the Greek and Cypriot programs, and how you can separate the signal from the noise.
- 2:34SPEAKER_00: The Securities and Exchange Commission has charged prominent EB5 community member and attorney Mona Shaw and her firm.
- 2:41SPEAKER_00: The SEC alleges the firm offered unregistered securities.
- 2:46SPEAKER_00: Shaw claims her firm's commitment to compliance, criticized the SEC for a rushed investigation, and expressed confidence that her firm would prevail in court.
- 2:58SPEAKER_00: Movie producer Felipe Martinez is suing the former St.
- 3:02SPEAKER_00: Kitts and Nevis, CIU head, prime minister, and attorney general over the controversial prison project.
- 3:10SPEAKER_00: Martinez's company, which was involved in CBI investments, alleges numerous violations of U.S.
- 3:16SPEAKER_00: law, including fraud and money laundering during their tenure.
- 3:20SPEAKER_00: With what he calls incontrovertible evidence, Martinez is launching a scorched-earth lawsuit to expose corruption and end the quote international scam.
- 3:33SPEAKER_00: Citizenship by investment acceptance and rejection aren't black and white.
- 3:38SPEAKER_00: Learn how major programs decide your client's fate so you can craft better applications.
- 3:44SPEAKER_00: London based CBI due diligence expert Fabienne de Blois explains how program supervisors paint a true picture of your client profiles with a combination of digital review, face to face interactions, motivation analysis, and human insights.
- 4:02SPEAKER_00: Thank you for listening.