Articles
The most scandal-plagued US visa program lives on because Congress is too busy to fix it
October 4, 2018
[W]hile it was originally well-intended, the EB-5 program has too often been prone to instances of fraud and abuse, with foreign investors exploiting our system, undermining our laws and ultimately buying their way to citizenship without fulfilling their required contributions to the American economy as required by law.
07/25/2018
Integrity measures outlined in pending Department of Homeland Security laws and past reform bills floated in Congress could help root out cases of abuse of the program before they spiral out of control. But there are few signs that the government is moving any closer to such reform.
July 1, 2018
Kushner Cos., the New York property development business owned by the family of White House senior adviser Jared Kushner, has been subpoenaed by New York federal prosecutors regarding its use of an investment-for-immigration program, according to people familiar with the matter.
August 2, 2017
Father-Daughter Duo Accused of EB-5 Visa Fraud: Pair allegedly helped obtain visas for Chinese nationals, some of whom are on country’s ‘100 Most Wanted’ fugitive list
April 5, 2017
As far back as 2013, the Office of the Inspector General, which is charged with weeding out waste and abuse in the federal government, reported that USCIS lacked the authority to crack down on fraud.
April 1, 2016
One of the biggest problems, experts say, is that investors can put money into projects like Hudson Yards and earn a green card without actually creating very many jobs, at least not directly.
September 21, 2015
The most serious concerns raised by whistleblowers centered on national security. Internal records show officials inside the Department of Homeland Security had begun looking into the possibility that the EB-5 program was “abused by Iranian operatives to infiltrate the United States.”
February 3, 2015
Most of the projects that get EB-5 financing would have been built anyway, though it might have cost their developers more.
June 27, 2014
an examination of the program by The New York Times suggests that in New York, developers and state officials are stretching the rules to qualify projects for this foreign financing.
December 18, 2011
Editorials
The EB-5 Regional Center program is a bipartisan source of corruption and cronyism. Let it die.
September 19, 2018
[T]he EB-5 program — has strayed further and further from congressional intent and has been repeatedly tarnished by scandal and political favoritism.
May 16, 2018
In encouraging massive investment in real estate, the EB-5 program perpetuates distortions of the American economy that are harming our long-term prospects for healthy growth
May 11, 2017
The Trump administration has a chance to end a corruption-prone visa program
May 8, 2017
The government has limited means to verify whether the investment money is coming from legitimate business activities
November 29, 2015
