On the 5th Day of Amnesty, the Obama administration promoted…
The fraud-ridden EB-5 visa program.
The EB-5 investor visa allows foreign nationals to gain a green card and eventually be eligible for citizenship by investing $500,000 or $1 million in the U.S. – depending on the program. Then, their investment must create at least ten U.S. jobs.
Unfortunately, the program lacks sufficient oversight and is susceptible to fraud. It is difficult to accurately calculate whether an investment actually creates jobs in the U.S. and instances of fraud have been uncovered. And the government even authorizes shady middlemen to help them run the program.
A 2012 DHS Inspector General report found USCIS processors were pressured to rubberstamp EB-5 and other legal immigration applications. And, USCIS director Alejandro Mayorkas – President Obama’s pick to be No. 2 at DHS – is currently being investigated for allegedly helping a Virginia company run by Hillary Clinton’s brother secure an EB-5 visa for a Chinese investor – who had already been denied twice.
The program may also pose a national security risk. Sen. Chuck Grassley (R-Iowa) recently revealed an Immigration and Customs Enforcement (ICE) memo that warns that Iranian operatives may be using the program to “infiltrate” the country.
Ultimately, the very idea of selling entry into the country is unsettling. Rather than identifying and inviting immigrants who are the best fit for our current needs, the EB-5 program allows green cards to be sold to the highest bidder.
Where is the amnesty here???????????????Canada, AUstralia….,any countries do have this…/////////////////????????
Tom, This is America
By passing immigration laws because you have lots of money is a moot point.
None of the $$ go to the government. that would have paid down the deficit and or extend unemployment benefits for the people all this immigration is putting out of work. The jobs they supposedly crete, if any, merely go to their friends and family and never to anyone already a US citizen. All this results in is higher real estate prices.It should be eliminated just like the unnecessary H1b visas.
You’re correct. A lot of fast food businesses owned by overseas investors bring in more people from their home country to work them. This is a fraud.