Federal authorities raided a Los Angeles-area business on Wednesday that the FBI suspects of orchestrating a $50 million visa fraud scheme.
Filings in federal court allege that the California Investment Immigration Fund sought money from more than 100 Chinese investors, and in the process helped many of them to obtain U.S. green cards through a visa program called EB-5.
But, says FBI Special Agent Gary Chen in those filings, those projects were never built.
"As a result of the fraudulent scheme, many foreign nationals were able to improperly obtain U.S. green cards through the EB-5 visa program, even though those foreigners did not in fact truly invest in U.S. businesses, nor were new American jobs created," wrote Chen, according to The Associated Press.
Chen also noted that three of the investors who had gotten green cards were fugitives wanted by the Chinese government.
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