EB-5 Visa Program Risks to US Security – Rare Alert Issued by Immigration OIG Stayed Hidden In The Closet

  LA Times By Joel Rubin and Cindy Chang Reporters April 6, 2017 After years of sleuthing, federal agents Wednesday raided San Gabriel Valley homes and an office that investigators have linked to an alleged multimillion-dollar immigration and finance scam that allowed wealthy Chinese investors to obtain U.S. residency. The suspects in the case are accused of collecting $50 million from scores of Chinese nationals, who were granted permission to live in the United States in exchange for investing the money in development projects that authorities say never occurred. The money, investigators claim in court records, fueled a luxurious life … Continue reading

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