foreign investors – ImmigrationReform.com https://www.immigrationreform.com The Official Blog of FAIR Tue, 01 Mar 2022 18:15:14 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.10 https://www.immigrationreform.com/wp-content/uploads/2017/06/cropped-IR-Favicon-100x100.png foreign investors – ImmigrationReform.com https://www.immigrationreform.com 32 32 EB-5 Investor Snagged in $5 Million COVID Relief Scam https://www.immigrationreform.com/2022/03/01/foreign-national-covid-relief-fraud-immigrationreform-com/ Tue, 01 Mar 2022 18:15:12 +0000 https://www.immigrationreform.com/?p=25462 Another day, another EB-5 boondoggle. A fleeing foreign national was arrested last week at the U.S.-Mexico border and charged with bilking more than $5 million in COVID relief funds for sham companies. Among Reddy Raghav Budamala’s dubious transactions was a six-figure “investment” into the EB-5 cash-for-visas program. Though the Department of Justice (DOJ) and news reports referred [...]

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]]> New EB-5 Rules Represent Overdue Reform of Fraud-Ridden Program https://www.immigrationreform.com/2019/07/23/new-eb-5-rules-blow-fraud-abuse-immigrationreform-com/ https://www.immigrationreform.com/2019/07/23/new-eb-5-rules-blow-fraud-abuse-immigrationreform-com/#comments Tue, 23 Jul 2019 18:48:35 +0000 https://www.immigrationreform.com/?p=21734 After more than two years in the works, the new rules to modernize and reform the exceedingly-flawed EB-5 investor program have finally been published in the Federal Register. While the news may sound like something of importance to only Washington policy wonks, the proposed Department of Homeland Security (DHS) rules represent the first significant changes [...]

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]]> https://www.immigrationreform.com/2019/07/23/new-eb-5-rules-blow-fraud-abuse-immigrationreform-com/feed/ 2 The EB-5 Investor Visa Program Deserves To Die Now https://www.immigrationreform.com/2019/04/17/the-eb-5-investor-visa-program-deserves-to-die-now-immigrationreform-com/ https://www.immigrationreform.com/2019/04/17/the-eb-5-investor-visa-program-deserves-to-die-now-immigrationreform-com/#comments Wed, 17 Apr 2019 18:25:58 +0000 http://live-immigrationreform.pantheonsite.io/?p=21376 The intention behind the EB-5 investor visa program was noble. Spur economic growth in impoverished parts of the U.S. by allowing foreign nationals to obtain green cards in exchange for investing at least $1,000,000 in a new commercial enterprise. The reality of the EB-5, however, is different as the program has been a bigger financial [...]

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