Special Report on EB-5
December 22, 2010 Leave a comment
Reuters published today a lengthy and well-researched article on the EB-5 program titled Special report: Overselling the American dream overseas. As its title suggests, the report presents a largely negative view of the program.
Over two months this fall, Reuters reporters in the United States, China and Korea attended EB-5 sales presentations and interviewed dozens of people associated with the program — from officials at the U.S. agencies that monitor it to the immigrants who have used it, from the attorneys that steer immigrants into specific investments to the U.S. businesses that pay them to do so. The picture that emerged was troubling…
Criticisms largely focus on misrepresentations in overseas marketing and the rocky history of EB-5. The information will not be new to those in the EB-5 field, but may influence public opinion. The yahoo home page has already picked up the story.
EB-5 Updates 