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ouch. 

So the nutshell is a bunch of Chinese Investors hoping to buy (legally) their green card by doing an EB-5 investment, got screwed?

nosuchreality said:

So the nutshell is a bunch of Chinese Investors hoping to buy (legally) their green card by doing an EB-5 investment, got screwed?

Click to expand...

Seems like karma bit them in the behind.

USCTrojanCPA said:

nosuchreality said:

So the nutshell is a bunch of Chinese Investors hoping to buy (legally) their green card by doing an EB-5 investment, got screwed?

Click to expand...

Seems like karma bit them in the behind.

Click to expand...

I guess if they knew it was a sham, but the EB-5 program and getting a visa for investing and 'creating' jobs has been around for a while.

On the surface, this just seems like a middle-man fraud case.  The EB-5 program is complex and using lawyers and brokers to complete the transactions is common.  As is using lawyers and brokers when purchasing any business.  In fact, that's why some many crappy businesses that are for sale are asking so much.  They meet the reqs for EB-5.

This has been around since 1992, IMHO, any politician stamping their feet and crying this is buying their VISA should be asked what they've done about it for the last 25 years.