"I write to you today in regards to reports published by the USCIS purporting to list the number of approved and denied I-526 and I-829 petitions by Regional Center for the period January 1, 2014 to May 31, 2017 (the “I-526 Report” and the “I-829 Report”, respectively). As many of you know, CanAm has been a strong advocate for the publication of Regional Centers’ track records so that investors, agents, and attorneys have the most current and accurate information. Unfortunately, the USICS’ reports grossly and materially misrepresent CanAm’s stellar track record, which is the best in the EB-5 industry.
CanAm has always maintained the most accurate and up-to-date information for our investors’ filings – which includes carefully and regularly tracking all records of Form I-526 and I-829 approvals and denials. Accordingly, it took us a matter of minutes to confirm that the statistics in the USCIS’ reports did not bear any resemblance to CanAm’s actual track record. For example, the USCIS stated that the total number of Form I-526 denials allegedly issued to CanAm’s Regional Centers during the 3-year reporting period was 159, when in fact the actual number is a mere 12 petitions! Similarly, the I-829 Report listed only 1 Form I-829 approval for CanAm’s Pennsylvania DCED Regional Center when in fact 145 petition approvals were issued during the 3-year reporting period. These types of gross errors appear throughout the USCIS’ reports.
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