90 Chinese Investors Get $49 Mln Back After EB-5 Visa Fraud Charges S

I posted an interview four months ago with American immigration consultant Steve D. Albert about what he termed “rampant fraud” in the EB-5 visa program that provides overseas investors with a path to apply for a U.S. permanent residence.

Last week, Chinese investors whose EB-5 investment funds were misused in Texas received some good news from theSecurities and Exchange Commission: The U.S. securities regulator announced on Dec. 12 that three Houston-area developers have agreed to settle charges that they misused investor funds raised from 90 Chinese investors under the EB-5 Immigrant Investor Program on unrelated projects.

Source: https://www.forbes.com/sites/russellflannery/2018/12/17/another-look-90-chinese-investors-get-49-mln-back-after-eb-5-visa-fraud-charges-settled/#95295bf6a9bb