September 19, 2016
The extent of fraud in the immigrant investor (EB-5) program is a subject of importance, one we at CIS have reported on frequently, and have mapped, and one that deserves a more spirited approach.
So it was with some anticipation that I read the recent Government Accountability Office (GAO) report on fighting fraud within the program. Sadly, the GAO document suggests a metaphor from medieval warfare:
The bad prince (symbol of the EB-5 fraudsters) is holed up in the big castle, and the good guys, on the outside, want to capture it. Read more...