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.

Read more here.
The materials on this website are for general information purposes only and should not be construed as legal advice, legal opinion or any other advice on any specific facts or circumstances. Readers should not act or refrain from acting upon this information without seeking professional advice. Transmission of information on or by use of this website is not intended to create, and receipt does not constitute, a lawyer-client relationship between the sender and receiver.
Mobile Menu