It is believed that as a follow up to the corruption scandals about Alejandro Mayorkas helping the Clintons, Terry McAuliffe and Harry Reid fraudulently obtain EB-5 visas, we may soon see several news reports that instead of mere cronyism, Mr. Mayorkas actually aided and abetted visa fraud by helping his friends fraudulently obtain EB-5 visas for investors who were statutorily ineligible to obtain EB-5 visas. It is also believed that we may soon end up reading news reports detailing how regional centers and firms such as SLS Casino and GreenTech Automotive violated securities laws in China by illegally offering and selling hundreds of millions of dollars worth of securities without first obtaining permission from CSRC to do so. There is also the matter of regional centers making illegal commission payments, but that is a minor issue compared to the securities fraud, visa fraud and securities law violations committed by regional centers, and that is a massive scandal that will sink the political career of Hillary Clinton in the same way it has already damaged the careers of Harry Reid, Alejandro Mayorkas, Terry McAuliffe, Hailey Barbour etc.
The other issue that will further end up causing more damage to the regional center industry is the fact that the GAO audit is expected to release highly damaging information that will make it harder for politicians to support the regional center renewal bill this year than it was last year.
The final and biggest reason why regional centers are expected to be kicked out of the EB-5 visa program is the fact that not only was ICE-HSI actively recommending that regional centers be removed from the EB-5 visa program (see memo at http://www.smartbusinessbroker.com/EB5_ICE_fraud_memo.pdf ), but now even investigators from other agencies such as DHS - OIG, USCIS - FDNS, SEC, DoS, IRS - CID and FBI are recommending that regional centers be shut down.
As a matter of fact, I can state with confidence that till today, not even one single regional center has legally offered or sold securities in China, India, Korea, Taiwan, Singapore, Russia, Mexico and UAE, and the reason I can do so is because I checked with their regulators that a) American companies including regional centers need approval before marketing or selling securities there, b) they do not have any records indicating that any regional center has sought or obtained approval to market and sell securities in their jurisdictions.
Here are some of the critical reasons that EB-5 visa investors should ALWAYS choose Genuine Direct Investment Businesses and avoid regional centers:
Genuine Direct Investment Businesses offer easy exit strategies to EB-5 visa investors while those who invest in regional centers experience TERRIBLE exit strategies.
Mohammed Shaikh, MBA (Accounting), CFE, Licensed Business & RE Broker (CA & FL)
Online: http://www.smartbusinessbroker.com Phone: +1 407 535 0616