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eb-5 fraud Archives

Investors, mall owners in legal fight over alleged EB-5 fraud

Foreign nationals who dream of starting over in America have a variety of visa options, though with the current quotas and restrictions, it may take years of waiting before those dreams are realized. However, one visa program allows investors who can meet the monetary requirements to begin the process of obtaining those coveted green cards. Unfortunately, this program is not without its problems and there may be investors in New York who are concerned that they have become victims of EB-5 fraud.

Federal judge allows alleged EB-5 fraud suit to continue

There are several different visa programs available, and each one has a different set of regulations and requirements. However, only one program requires a considerable investment from foreign nationals, which has led to several allegations of EB-5 fraud. While there have been many projects in New York that have been completed by way of these investments, there are other projects that have been the subject of civil lawsuits.

After investigations, center to close over EB-5 fraud allegations

While there are many avenues for one to apply for a visa, only one program requires a foreign national to make an investment into a project that is geared toward improving both the surrounding geographic location and the lives of other residents. However, this program is also the frequent magnet for criticism and allegations of EB-5 fraud. Many New York developments have been completed through the investments that immigrants have made through this visa. 

Man sued over allegations of EB-5 fraud by SEC

The EB-5 visa program provides an opportunity for those foreign investors with enough capital the chance to apply for the coveted green card that may otherwise be unattainable due to immigration quotas imposed on selected nations. Unfortunately, not every investment project comes to fruition, and investors discover that they have been victims of EB-5 fraud. While many New York projects have delivered the sought-after results, there are other investors who may fear that they have been misled.

Concerns over EB-5 fraud may lead to revisions or shut down

Hopeful immigrants have access to different visa programs when they are searching for the best fit for their needs. However, there is one that may either be revised or cancelled over allegations of EB-5 fraud or misuse. Many investors currently living in New York have gained their green card through this particular visa program.

Senator Chuck Grassley wants project looked into for EB-5 fraud

An estimated 80 percent of foreign investments into real estate development projects here in New York and throughout the country are provided by primarily Chinese investors. In exchange for these monies, many of these foreign nationals are hoping to qualify for a green card through a visa program. Unfortunately, this particular program has often been investigated for suspected EB-5 fraud.

Some senators want to kill visa based partly on EB-5 fraud

Wealthier immigrants have an option for entry into this country through one visa program in particular. However, that visa program is now facing potential extinction based in part on concerns that EB-5 fraud is widespread. New York has benefited from many projects that were completed through the funding of these investors. 

Businessman's company raided over suspected EB-5 fraud

Many foreign nationals have hopes of wanting to emigrate to this country and are willing to invest in order to do so. Unfortunately, not every investment opportunity is what it appears to be, and there have been several instances of EB-5 fraud allegations. This federal program is available in New York and likely has brought many new projects to local communities, though there may have been fraudulent investments as well.

Considering EB-5 investments in America?

The topic of immigration is definitely controversial. In fact, if you mention it among family or friends, you are likely to incite contentious debates. Opinions vary greatly in New York, from those who believe in doing everything possible to advocate for people who are trying their best to build successful lifestyles in the United States to those whose ideas involve closing America's borders to all non-citizens. Then, there are others who fall somewhere in between when it comes to immigration policy, employment, undocumented versus documented immigrants and other pertinent subjects.

U.S. lawmaker wants to end EB-5 fraud by cutting visa program

In spite of the ongoing national debate regarding immigration, there are still a variety of visa programs that are offered for those who are seeking to come to this country. However, one lawmaker expressed his desire to end EB-5 fraud abuse by revoking this visa program. There are likely many developers and investors living in New York who may have an interest in keeping the program alive.