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Month: March 2017

EB-5 Fraud Courtroom

Fraud on Investors in EB-5 Investments: Caveat Emptor! Part 6

Proposed Integrity Measures Are Only Partly Helpful: Only Change In How Investors Approach EB-5 Investments Can Alleviate EB-5 Fraud Recently, many anti-fraud and anti-money laundering reforms have been proposed and some implemented.  USCIS, for example, has modified its staffing to include financial specialists to better track lawful source of funds, and has engaged more experienced…
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EB-5 Fraud Courtroom

Fraud on Investors in EB-5 Investments: Caveat Emptor! Part 5

EB-5 Fraud Buttressed by Systemic Problems in the Industry Continued… 5. Unclear Roles and Payment Systems for Intermediaries There are so many individuals involved with the transaction, and compensation is often not disclosed.  By way of example, the investor may pay a nominal fee to the migration agent, and by virtue of having paid this…
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EB-5 Fraud Courtroom

Fraud on Investors in EB-5 Investments: Caveat Emptor! Part 4

EB-5 Fraud Buttressed by Systemic Problems in the Industry Continued… 3. Cultural and Legal System Distinctions The overall system does not present a clear picture to the investor of the value of professionals, and instead has the impact of turning professional services into a commodity. The legal systems are different, and whereas in many other…
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EB-5 Fraud Courtroom

Fraud on Investors in EB-5 Investments: Caveat Emptor! Part 3

EB-5 Fraud Buttressed by Systemic Problems in the Industry Most industry members are troubled by the few fraud cases that occur, and are dedicated to creating greater industry integrity.  The clear majority of industry stakeholders are working ethically and simply working to provide appropriate service to investors, since the investors are the life-blood of each…
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EB-5 Fraud Courtroom

Fraud on Investors in EB-5 Investments: Caveat Emptor! Part 2

Examples of EB-5 Visa Fraud The Chicago Convention Center The first example is one of the most egregious to date, and one of the most well-known.  It is a case in which from the outset, the developer was likely set upon easy money and fraud.  More importantly, the fraud could have easily been found and…
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EB-5 Fraud Courtroom

Fraud on Investors in EB-5 Investments: Caveat Emptor! Part 1

Each industry faces issues with fraud.  Where there is an opportunity to obtain money with minimal effort, someone will inevitably take that chance.  The EB-5 industry is no different.  Several high-profile fraud cases have been taking up the lion’s share of EB-5 press for the past couple of years.  While these instances are attractive for…
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