Tuesday, December 24, 2013

Imitation is the sincerest form of flattery, but should EB-5 visa investors trust someone who is new and doesn't offer the guarantees we do!

A few days ago, Mr. Rod Hormell called me and tried to get free advice on how to serve EB-5 visa investors. I asked him to explain what he intended to do, and he was not exactly very clear, so I used a few resources to look him up. I discovered that Mr. Hormell is a partner of Ms. Kim Scovis, a divorce lawyer who is now trying to dabble in immigration law. Ms. Scovis herself tried to get knowledge from me a few months ago, and I really didn't pay her much heed. To my surprise, I now discover that not only have these two stolen most of my concepts and ideas, they have even plagiarized the text of my articles, blog posts and website. I will let users review her professional record and form their own opinion whether someone who just a few years ago couldn't account for $235,000 properly can actually be trusted with $500,000 or more? See details at Is Kim Scovis a trustworthy and ethical person?

Talk about shameless and unimaginative competitors!

The disappointing thing is, these guys didn't have the guts to offer all the guarantees I offer and even without any apparent track record in successfully helping EB-5 visa investors, they intend to charge as much as or more than we do, and don't even offer the same level of client protection and guarantees that we offer. Rod Hormell actually lied to me even about his own name and misled me even over the phone, and he just failed to realise that it doesn't take me long to uncover crooks, as many fraudsters and criminals have discovered to their detriment over the years.

EB-5 visa investors should remember that IT IS VERY HARD TO EARN MONEY AND VERY EASY TO BURN MONEY. We not only offer solid protection to clients through our industry standard setting policies, we always help our clients by guiding them towards Genuine Direct Investment Businesses. A Genuine Direct Investment Business is the SAFEST, FASTEST and usually most PROFITABLE way to get an EB-5 visa.
A Genuine Direct Investment Business has the following characteristics:
It is 100% owned and controlled by the investor. This eliminates conflict of interest and significantly reduces the possibility of fraud. Even ICE, USA's biggest investigative agency says that all Regional centers usually commit fraud, conflict of interest and violations of securities laws (see ICE recommends shutting down ALL regional centers.)
It is in either a premium franchise such as Five Guys / KFC / Hertz etc. or in a solid non-franchise business such as banquet hall, used car lots, etc. If the business is a risky franchise such as Voodoo BBQ, Marcos Pizza, etc., it is unsafe. A franchise is suitable for investment only if it is on a major bank's list of approved franchises AND features in a list of top performing franchises (see ) AND is recommended by an experienced business broker who owes a fiduciary duty to the EB-5 visa investor. Most franchises are unsuitable for EB-5 visa investors due to their inability to PROFITABLY generate 10 jobs.
It is easily saleable in the open market. For example, it is easy to quickly sell off a Five Guys or KFC Franchise in the open market, while there is no market for partnership or regional center securities, risky franchises such as Marcos Pizza / Voodoo BBQ / Twistee Treat, etc. due to which EB-5 visa investors are stuck for 5-9 years and have to PAY to sell their share. 
What are the advantages of choosing a Genuine Direct Investment Business to get the EB-5 visa?
The EB-5 visa investor gets FULL control and ownership of their business and corporate funds. This helps  eliminate conflict of interest and fraud, and results in higher earnings and capital gains.
The EB-5 visa investor usually earns 20-35% Returns annually, while regional centers offer measly returns of 1% and some partnerships are now known to offer returns of up to 5%, but have capital losses on exit.
The EB-5 visa investor usually earns solid capital gains of over 30% after 3 years, while those who invest in risky franchises, partnerships and regional centers usually end up with capital losses.
The EB-5 visa investor has an easy exit strategy and can sell their business (usually for a profit) as soon as they get their permanent green card (I-829 approval),  while risky franchises, partnerships and regional centers lock in funds for 5-9 years.
It takes about half the time to get the I-526 approval (temporary green card) using a Genuine Direct Investment Business in comparison to regional centers.
Genuine Direct investment Businesses are usually able to help the EB-5 visa investor get their I-829 approved, whereas less than half of the EB-5 visa investors who chose regional centers, partnerships and risky franchises were able to get their I-829 approved.
There is usually no conflict of interest and fraud seen in a Genuine Direct Investment Business, whereas there is usually extensive conflict of interest and fraud to be found in regional centers, partnerships and risky franchises. An excellent example is how Joe Sloboda and Fred Burgess sold Voodoo BBQ franchises to EB-5 visa investors without disclosing the fact that they were the master franchisors and earned money on the back end.
EB-5 visa investors should avoid those who refuse to guarantee the following:
1.    Full and ongoing disclosure of all material information.
2.    Freedom from fraud and conflict of interest.
3.    Full refund of your fees in case you’re rejected by USCIS.
If you're an EB-5 visa investor interested in getting their EB-5 visa quickly, please contact us. You'll be really glad that you did.
Yours truly,
Mohammed Shaikh, Licensed RE and Business Broker (CA & FL)
Phone: +1 407 535 0616 Online:  Skype: Mohammed.Shaikh

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