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Thursday, February 26, 2015

Was Senator Coburn irrational or is Attorney Mona Shah trying to deflect attention from the securities law violations and securities fraud committed by regional centers?

I read an article by Mona Shah (see link http://www.lexisnexis.com/legalnewsroom/banking/b/venture-capital/archive/2015/02/05/senator-tom-coburn-s-report-irrationally-condemns-the-eb-5-program.aspx) and the first thought that came to my mind was, "Does Mona Shah actually believe the drivel she is spouting?"

She tries to paint a rosy picture but seems unwilling to address the following facts:

1.     FBI agents raided a regional center in TX for Securities fraud.
2.     SEC raided Anshoo Sethi's regional center for securities fraud and shut him down.
3.     SEC is expected to soon announced prosecution and enforcement actions including hefty fines against over 20 attorneys for violating securities laws and illegally accepting commissions from regional centers for referring EB-5 visa investors to regional centers.
4.     5 USCIS adjudicators, analysts and FDNS investigators themselves complained of fraud and money laundering by regional centers in the EB-5 visa program.
5.     ICE-HSI themselves conducted a study and provided concrete examples of how political pressure was used to override the background checks in order to illegally grant over a THOUSAND EB-5 visas.
6.     Examples such as GCFM and their GreenTech auto ventures actually prove that jobs were NOT created by regional centers even though visas were granted.
7.     Over FIVE THOUSAND EB-5 visa investors are unlikely to get their permanent green cards as regional centers are unable to provide documentation for job creation.

Ms. Shah also seems to ignore the fact that even despite initial denials by USCIS adjudicators due to unfavourable background checks and security reports, EB-5 visas have actually been given in an illegal manner to investors in cases such as Gulf Coast Funds Management, SLS Casino, American Life, etc., after corrupt officials such as Alejandro Mayorkas intervened on behalf of politicians such as Terry McAuliffe, Harry Reid, etc.

In 2014, powerful Republican Senators asked the GAO to audit the EB-5 visa program in order to assess the efficiency of the program and to suggest steps to eliminate money laundering, securities fraud and securities law violations routinely committed by regional centers. It seems that the report is going to be pretty damaging and will end up being one more reason for regional centers to be kicked out of the EB-5 visa program from September 2015. The GAO report is due to be released in a few months, but based on USCIS and ICE studies and investigations as well as input from investigators and analysts from multiple agencies, the contents of the report are a foregone conclusion.

As it is, there are investigations being run by the SEC, Dept. of State, FBI, ICE-HSI, USCIS-FDNS and even the IRS-CID, and all of these independent investigations have ended up with a common recommendation: Regional centers must be shut down as they illegally offer and sell securities, commit securities fraud and launder money. An added benefit to Republicans and their allies in law enforcement is that they prove actual malfeasance and grounds for termination on the part of a corrupt USCIS official (Alejandro Mayorkas who even got a convicted drug dealer a presidential pardon) and get to permanently sabotage the careers of Hillary Clinton, Harry Reid, etc. 

EB-5 visa investors need to remember that the ONLY safe way to get approved is through Genuine Direct Investment Businesses.

Here are some of the critical reasons that EB-5 visa investors should ALWAYS choose Genuine Direct Investment Businesses and avoid regional centers:
·         In a Genuine Direct Investment Business, it is quite unusual to encounter fraud or conflict of interest. This alone is THE biggest reason why EB-5 visa investors usually experience capital loss if they opt for regional centers or unsafe Direct Investments (such as Voodoo or Marcos Pizza), while those who opt for Genuine Direct Investment Businesses usually NEVER experience capital loss.
·         EB-5 visa investors who choose Genuine Direct Investment Businesses usually earn annual ROI of 15% to 40%, while those who select regional centers usually earn 0-2% annual ROI.
Genuine Direct Investment Businesses offer easy exit strategies to EB-5 visa investors while those who invest in regional centers experience TERRIBLE exit strategies. 
·         Regional Centers usually commit securities fraud and securities law violations while this is usually unheard of in Genuine Direct Investment Businesses. 
·         EB-5 visa investors usually get capital gains if they invest in a Genuine Direct Investment Business and almost NEVER get capital gains if they invest in a regional center. 
·         EB-5 visa investors in Genuine Direct Investment Businesses usually see faster processing and approval of their petitions, while it takes much longer for EB-5 visa investors to get their immigrant visa through regional centers. 
·         EB-5 visa investors in Genuine Direct Investment Businesses have a higher chance of getting their permanent green card, while those who opt for regional centers have a lower chance of getting their green card. 


If you are a business owner or high net worth individual interested in migrating to the US, please contact us for a free consultation. We offer a turnkey solution and have a 100% fee refund guarantee if a client is denied due to our fault.

Mohammed Shaikh, MBA (Accounting), CFE, Licensed Business & RE Broker (CA & FL)
Onlinehttp://www.smartbusinessbroker.com Phone: +1 407 535 0616

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