It is likely that several crucial facts were NOT disclosed to EB-5 visa investor's in SLS Casino, and those unfortunate investors will probably end up losing their time, EB-5 visa and also their money too. In the US, failure to disclose material facts while offering or selling securities is known as SECURITIES FRAUD.
The most important Question is, "Did the Promoters and Marketers of SLS Casinos commit conspiracy to commit securities fraud, mail fraud, wire fraud and securities fraud?" If the answer is, as I suspect, a resounding YES, then we may see a repeat of the Anshoo Sethi case, where the EB-5 visa investor funds are restored to the EB-5 visa investors, and their EB-5 visa revoked, denied or rescinded (depending on the circumstances). It is also possible that a certain L.A. based attorney and a L.A. based nightclub owner (who was anyway under investigation for other crimes), are indicted and convicted on the relatively easy to prove crimes of securities fraud, wire fraud, mail fraud and conspiracy, in what will be a very easy to prove RICO case. This case will probably be another classic example of WHY EB-5 visa investors should avoid regional centers and instead opt for Genuine Direct Investment Businesses.
EB-5 visa investors who wish to avoid litigation, fraud and controversy should choose Genuine Direct Investment Businesses. Genuine Direct Investment Businesses are usually straightforward and free from conflict of interest, fraud and shady dealings, and usually offer the following advantages over regional centers and direct partnership models such as the fraud & conflict of interest infested offerings offered by E3 Investment Group:
- Easy exit strategy.
- Annual ROE that is usually equivalent to over 20% while regional centers usually pay 1% or less annually.
- EB-5 visa investors in Genuine Direct Investment Business usually get Capital Gains while those who invest in regional centers usually have capital loss.
- Faster approvals: EB-5 visa investors who choose direct investments are seeing approvals in 4-7 months, while those who choose regional centers usually see delays of 16-21 months.
- EB-5 visa investors in Genuine Direct Investments usually see zero fraud or conflict of interest, while regional center promoters such as Serge Bauer will not say if they comply with securities / tax / AML laws and don't commit securities fraud.
- Higher approval rates of I-526 & I-829 compared to regional centers.
Why do regional centers offer such terrible results to EB-5 visa investors?
The answer is: Regional centers usually waste a lot of money for commissions, and also suffer from conflict of interest, where hiring and procurement of goods & services are from related parties at inflated costs.
As a regional center promoter's interest is in stealing instead of serving their investors, capital losses, low returns, delayed processing due to increased regulatory scrutiny, terrible exit strategies and high percentage of visa loss are inevitable.
EB-5 visa investors must remember an important fact: As licensed RE & Business Brokers, we actually owe a fiduciary duty to our clients. This means that the law requires us to always put our client's interests ahead of our own.
We recommend top ranked franchises instead of risky franchises such as Twistee Treat, Voodoo BBQ, Marcos Pizza, etc.
We don't engage in conflict of interest or conceal material facts.
We advise our clients in ways that help them get their green card (EB-5 visa) in a quick, safe and usually profitable manner, as a failure to do so will jeopardise our professional licenses.
We confidently offer written guarantees of full fee refund in case our client is denied due to our fault as well as written guarantees of freedom from fraud, conflict of interest and full disclosure of material facts.
Our competitors usually don't owe a fiduciary duty to their clients and usually refuse to offer the written guarantees that we confidently offer. Our team is competent, which is why we've no problems offering a 100% fee refund guarantee to our clients in case our clients fail to get their EB-5 visa due to our fault. If our competitors were asked to offer the same fee refund guarantee, they usually refuse to do so as they aren't that confident about the level of their services.
For more information, please visit our website http://www.smartbusinessbroker.com or read our blog at http://eb5-expert.blogspot.com/
Mohammed Shaikh, MBA, CFE, Licensed Business & RE Broker (CA & FL)
Phone: +1 407 535 0616 Skype: Mohammed.Shaikh
Online: The Best choice for EB-5 visa investors!