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 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 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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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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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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Since Oppenhuizen Law entered the EB-5 space almost two years ago, we have been asked by many contacts for a description of EB-5, because many people have not heard of the program. So, we decided to provide a broad view of what EB-5 looks like. Of course, we invite direct questions in relation to this…
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In our last blog, we touched on the three potential bankruptcy options for your small businesses and their owners. I’d like to dig a bit deeper into the last option, Chapter 11. Filing under this chapter can be a saving grace, because it is the only bankruptcy chapter that can allow for the business to…
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Coming to terms with filing for bankruptcy can be an arduous process. Although it’s a last resort for many small companies, it can also be a way to revitalize your business. There are a few different ways to file and selecting the right one for your situation will be the first step in relieving debt.…
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Despite many socially responsible businesses using their company profits to further social and environmental goals, the fact remains that almost all of these entrepreneurs repeatedly favor a low-risk approach that breeds less than desirable results. Examining closely the things that do make national enterprises successful in their efforts to make a positive impact, here is…
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For investors who put their money into social or environmental projects in what is known as “impact investing”, determining how much of their investment actually achieves their objectives can often be difficult because results are often amorphous and ill-suited to quantification. Effectively defining how an investor’s contribution actually is distributed and measured breaks down into…
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