Developers and project managers sometimes misuse EB-5 investors funds, recent court cases show.
As the EB-5 Immigrant Investor program faces another extension deadline, litigation related to alleged fraud is shining a spotlight on the program’s flaws.
The EB-5 program allows foreign investors to invest a minimum of $500,000 in a U.S. commercial enterprise in exchange for a visa and, eventually, permanent residency in the U.S. for themselves, their spouse and unmarried children under 21.
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