June 29, 2015
It looks like it has become a pattern: An executive gets involved with the EB-5 program and is subsequently charged with a variety of abuses. The latest such story has emerged from within Michigan's state government.
According to the Detroit Free Press, the state's chief internal auditor reported that the state's EB-5 office (part of the Michigan State Housing Development Authority) and a sister agency issued seven contracts that were marked by "a lack of competitive bidding, inflated charges, and invoices that were paid twice."
The director of housing and the EB-5 program, Scott Woosley, was forced out of office last year following other charges of extravagance and waste. For instance, the Lansing News reported the following under the heading "Escargot and a stretch limo; 5 expenses that landed Michigan housing director in hot water": Read more...