EB-5 visa

Mona, that sounds like an incredibly complex verification process that was layered with multi pieces to the verification and for the SEC not to look at it holistically seems short-sighted.

Well, I don't know if they realize how extensively EB-5 immigration lawyer goes through to get the source of funds.

The Investor Choice Advocates Network presents SEC Roundup.

Hello, everybody, and welcome back to another episode of SEC Roundup.

And more surprisingly, we'll get into this a little bit.

The SEC, in our view, did not fully investigate the allegations that they made in the complaint against Mona and the firm.

For example, they alleged in part that none of the securities offerings that Mona's office was involved in, and by the way, these are all EB-5 offerings, so involving immigrant investors making investments into companies in this country to help their visa prospects.

The allegation by the SEC was that none of the offerings qualified for an exemption to the registration requirements for private placement offerings.

Italy and Greece have property-linked visa schemes.

Donald Trump recently proposed a $5 million gold card visa for the US, a rebranding of the EB-5 immigrant investor visa with fewer restrictions.

To highlight how complicated some of this can be, last month several senior bankers from Pictet, one of Switzerland's most prestigious private banks, relocated to Italy where they could get lower taxes.

The move triggered a tax debate in Geneva.

And finally, employment investors.

So the EB-5 program fell under my umbrella.

And really what it meant was I was in charge of operations occurring efficiently and correctly through those entities.

You stayed busy.

Michelle was a government employee for many years in several different agencies.

She has a wide variety of background in compliance and auditing-related issues, and she now helps companies navigate the EB-5 visa process.

It turns out there's a lot of compliance issues from multidisciplinary disciplines, and this is an important issue for compliance going forward.

Hello everyone, this is Tom Fox, back for another episode.

And the reason I'm so thrilled is because I'm going to talk to Michelle about a topic I was not as familiar with as I needed to be.

when I met with her the first time and you're going to get to learn about it today.

And that's the EB-5 visa program or filings and the Reform and Integrity Act and why every compliance professional at least needs to be aware of that.

So Michelle, first of all, could you start off by giving us your professional background?

I mean, this is really a question for the government.

They exempt the E-2 treaty investors, but not EB-5 investors who create jobs or...

E-1 treaty traders.

I mean, there's a little unclarity about the choices of those, but that's not something that... is really central to your

They can sponsor family members to come to the U.S.

Agencies have marketed this arrangement as cheaper than the EB-5 investor visa.

So the Gateway Pundit also flagged this same Chinese megafamily pipeline all the way back in March.

The latest reporting now puts this human face on it, an American woman who is still not being allowed to meet the man whose child she is currently carrying.

And also the mechanisms, you know, the financial institutions are beginning to adjust to be able to lend these people the money.

for the EB-5.

Yes.

Because, you know, technically what happens is you only need the money for five years.

He called for expanding the visa cap.

He fought for EB-5 visas.

He worked with Democrats to pass numerous watered-down immigration bills that created what we now know as the asylum processing centers.

He called the bilo- Biden illegal immigration surge.

Here is another Indian woman advertising her services for the United States.

She is promoting the EB-5 investor visa as a fast track to get a green card.

We've talked about this before.

To get an EB-5 visa, you have to come into the United States with $800,000 and invest that money, start a business here, and then you basically, within a couple of years, get your green card.

Now, you would imagine that probably not a lot of people have $800,000, but apparently there are companies that will float the $400,000, and as long as you pay the interest during that payment period, at the end of that term, they wipe your note clean.

Is anybody here as an American ever been given an opportunity to have a $400,000 debt just wiped clean at the end of the day? Not me.

Wow.

Not to mention this woman is making money showing people how to do this.