How to Report EB-5 Visa Fraud and Earn an SEC Whistleblower Award. Exposing Misconduct.

How to Report EB-5 Visa Fraud and Earn an SEC Whistleblower Award

May 28, 2017

The EB-5 investment program, also affectionately known as the EB-5 visa-for-investment program, has experienced a dramatic increase in fraud and misrepresentation in EB-5 advertisements, EB-5 regional centers, and EB-5 projects. In 2016 alone, the SEC brought enforcement actions against nearly $1 billion worth of fraudulent EB-5 projects. The most common violations were misuse of investor funds and misrepresentations in EB-5 marketing. Notably, a majority of these schemes targeted Chinese investors, including a $136 million EB-5 real estate project, a $50 million father-daughter scheme, and a $140 million luxury real estate scheme.

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