A part of the Immigration Act of 1990 is the EB-5 visa program.The act was introduced by Ted Kennedy and signed into law by George W.Bush.EB-5 was created to allow foreign investment to create jobs and business.It is essentially trading US citizenship for investment.A foreign investor puts up $500,000 for a green card.It's more involved than that,but essentially ends up there. The investor must create or maintain at least 10 jobs in a new or existing commercial enterprise.This can be done individually or through Regional Centers.
The intent of this program was reasonable,but as it has progressed it has become a vehicle for fraud and misuse.It has been transformed into another means for the rich and powerful to manipulate.Many prominent politicians are involved,even attracting some well meaning legislators.But it become a means of graft and deceit.A classic example is Trump using EB-5 investors to build his New Jersey tower. The purpose of the program is to create jobs in needed areas,not to embellish the wealthy.
There are already many examples of fraud and abuse.Anthony Clinton,Hillary's brother is a Regional Director and has been involved in a questionable project in Virginia and Mississippi with Virginia governor Terry McAuliffe.It's more than questionable.Every facet borders on illegal.VP nominee Tim Kaine was also involved in the facilitation process.The company is Green Tech,created by McAuliffe.It was an electric car plant planned for Virginia,built in Mississippi.I think that they built 5 cars.The project also involved campaign contributions It was a mess and should have been investigated and probably still will be.60Minutes exposed a Vermont project (Jay Peak)that is a disaster.There was a No.Dakota project exposed a couple of years ago.Google EB-5 visa projects and you will find lots of frauds.
So many prominent politicians and corporations are involved in this program,that it is hard to find anyone that wants to talk about it.I have sent out many tweets with no response.This program will become a very big deal sometime in the future,maybe before the election because Trump is involved.
