... administration would increase the annual number of available EB-5 visas from 10,000 to 75,000 while ... Until the recent changes took effect, revisions to the EB-5 program hadn’t occurred since the 1990s. The latest ... past and there have been cases of fraud.
... , get green cards and eventually citizenship. Because fraud has plagued many EB-5 deals, many stakeholders have sought for years to ... and perhaps the most outspoken critic of EB-5, in a statement. Some EB-5 industry players have been lobbying the White ...
... and the Paramount Miami condominium. Although developers gobbled up EB-5 money after the housing crash and the Great Recession when ... debt to partially finance projects. The EB-5 program has also seen its share of fraud. In South Florida, one developer was ...
... 1502, the bill to terminate EB-5, was filed a month prior to ... EB-5 visas suddenly skyrocketed, and now, there is an eight-year waiting list.” He said that the program’s “fraud ... and abuse” have been “disguised as popularity.” EB-5 visa holders ...
... EB-5 investment, for the program to be shuttered permanently. She also labeled the program “a big magnet for fraud ... Investor Program, which administers the EB-5 program. Another controversial aspect of the EB-5 program involves the designation of targeted ...
... paper stated it was unclear what potential violations of EB-5, which was partially used to finance the development of ... But the program also courts controversy, including allegations of fraud, national security concerns and transparency issues, according to ...
... exaggerated. “We encourage modifications to the EB-5 program that create a watchdog system for fraud and waste while simultaneously nurturing this highly ...
... estate game. Despite concerns of fraud—as well as massive developments built on the backs of EB-5 funding in unique "visa-for ... only benefits the American economy real estate market. The EB-5 Program has contributed billions of dollars to the US economy ...
... Grassley wanted to reign in rampant fraud and limit luxury projects’ ability to get EB-5 cash that’s meant for struggling ... in through the program. Silverstein Properties expects $500M in EB-5 cash from its 2 World Trade Center tower, while Related ...
... California Sen. Dianne Feinstein, calling "deeply unfair" and "susceptible to fraud and abuse." The number of visas issued from 2011 to ... for up to 23 years, her letter says. "Simply put, EB-5 sends a terrible message to the millions of immigrants patiently ...
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