Another Lagoon In The Swamp: The EB-5 Green Card Program

The February 2017 issue of “Verdict”, the monthly print pub from Judicial Watch, featured a story by Micah Morrison about yet another corrupted federal program.  This one doles out green cards to wealthy foreigners in exchange for payments of $500,000.  As the article says, “The stated purpose of the EB-5 program is job creation.  Each $500K fee is supposed to be directed to projects in economically distressed targeted employment areas in the US to create ten full-time jobs.” This program has generated income for Uncle Sam in the range of $15B to $21B in the last ten years.  And how … Continue reading