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Dangers of some EB-5 visa programs
February 10th, 2011

A recent question that was asked concerns the ending of the in 2012. The client was worried that if he invested in a that was slow to fill he could risk the project not being fully funded by the expiration date. This is an important question that raises a number of issues:-

  • The regional center program is due to expire in September 2012 unless it is extended.
  • Currently applications are taking between nine months to a year to get to the issuing of a temporary , this time period does fluctuate.
  • The time period can be longer if an application receives a Request For Further Evidence Notice () by .
  • Although there are a number of regional centers currently offering EB-5 qualifying programs some have a far more positive history than others.

Some regional center programs are well proven, have a 100% track record and have extensive evidence of performance. Others struggle to attract and raise concerns as to whether they will attract sufficient investor funding to be able to really start their program.

If a program fails to be funded prior to the expiration of the visa, and cannot raise sufficient alternative funding at a difficult time on financial markets, there may be cause for concern that the program may not go ahead placing the individual EB-5 visa investor in a potentially risky situation.

For further on the performance of the various EB-5 visa regional center programs contact Which EB5

 
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EB-5 dangers in China
February 1st, 2011

Over two years ago we warned people who were living in and were  considering the   that we were concerned about the being given out by a number of regional centers, their agents and some immigration agencies in .

We have continued to highlight our concerns as it has become apparent that many Chinese citizens were being given a one dimensional picture of certain programs, they were not being given a sufficiently balanced presentation of the strengths and weaknesses of the various EB-5 projects.

The of being persuaded to subscribe to a flawed program are the loss of your $500,000 investment and/ or deportation from the if the program either collapses or fails to create the required number of jobs.

Now following investigative journalism by more potential have become aware of the dangers which we also exposed in our book via the Red Carpet which can be read on this website site. (Click the Visit Which EB5 Website button at the top right of this page)

The whole point is that there are well proven regional center programs with a 100% track record that have attracted immigrants from all over the world. These programs however do not make very high commission payments to Chinese agents so they have not been frequently recommended in China.

 
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EB-5 forum
October 5th, 2009

In a search for information on the EB-5 some potential EB-5 seek out forums as an impartial source of
information. Forums have exploded across the Internet.  Sometimes, forums can seem particularly helpful; the personal voice and conversational manner of them with invited comments and replies can feel reassuring to the reader.  It might seem as if you’ve just made a personal, “” friend in exactly the subject you need.  And herein lies some of the top potential dangers of relying on forums as a source of information and advice.

First off anyone—and we do mean anyone—can have a .  The person behind an immigration could well be a consummate, well-versed, experienced professional; or that person could be an expat who has been through the process or that person could be someone else altogether, with any varying level of experience (including none at all) between the two.

Having researched many immigration forums in-depth, some deep concerns and potential dangers have come to light, starting with knowing who you are dealing with (after all, if you know you are on a ’s or company’s website you know who is behind the information and know what to expect; you understand that their motivation is to sell their center and its project(s), and that they are unlikely to highlight the negative points of their business).  On the other hand, if you are reading an expat’s forum, or a forum presumed to be an immigration expert’s, you are coming to it assuming honest, sound advice.  To give you an example of how this can quickly go , here is an account of just one instance in which we found severe concerns over information on an immigration forum.

In our research, we came across a post and subsequent comment thread that was highlighting the fears of in regard to the EB-5.  In some ways, the post and highlights were very good, and clearly added to the website’s credibility.  Further on, a question was raised on that same thread regarding a particular individual (agent).  Another (probably well-meaning) subscriber responded by giving feedback of a positive experience with that agent.  Our sincere hope is that no one on that forum followed that commenter’s advice (and our concern is with that anonymous commenter even now), because if they had they would now have serious problems on their hands; the agent concerned is now under investigation by three separate law enforcement agencies after allegedly millions in immigrant funds went missing!

That commenter, in all likelihood, was probably giving what he or she deemed to be honest, genuine, and well-intentioned advice, but it does certainly underline the importance of knowing the whole picture, rather than taking the single experience of one person as fact.  And of course, in such a forum, it is  tough to tell what happened in the future beyond that point—there is no way of knowing what future experience that commenter came to have, which very well may have changed his or her viewpoint considerably!

That one instance is just that, one instance. Recently we researched a large immigration site and found that it included much misleading, and worse, totally inaccurate information.  Upon contacting the site administration, we received this reply:

“…[Website]… does not screen communications in advance and is not responsible for screening or monitoring material posted by Users. Nor do we guarantee the accuracy, integrity, or quality of such User content. Visitors to this site are reminded that the details contained within comments are uncorroborated and as such should not be read as fact but as the opinion of the person who posted the comment, and hence …[Website]…will not be held liable.”

Here is a forum, then, tagging themselves experts in immigration, offering information and advice, and claiming no
responsibility for monitoring the content of their forum’s comments. To say the very least, we became very concerned with this, wondering if those people who were taking advice from this site were aware of this policy of non-responsibility. Delving deeper, we then found that a leading contributor had posted more than 42,000 messages all over the Internet on of all sorts, with topics ranging as wide as from marriage breakups to the state of the world. That is not a piece of information that the average user would come by easily, when all the while they were simply looking for informed and accurate information on immigrating through the EB-5 ! Again, the concern here is in the not knowing, and being fed a lot of EB-5 information from resources that may or may not be who or what they seem.  It is the whole picture that matters, and the knowing that the information you are relying on to make critical life decisions is as reliable as it seems, and as it certainly should be!

The EB-5 Investor Green Card regional center visa program is an excellent way to quickly become a permanent resident of the United States. Which EB5 researches regional centers; you make the same investment plus get all the independent advice of Which EB-5 at no cost to you.

 
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We have previously looked at the dangers of EB-5 investment visa information on the web and in magazines, we now look at some of the potential dangers of immigration exhibitions.
February 10th, 2009

A number of considering relocation to the find it useful to go to an immigration . These can provide an opportunity to obtain from presenters identified as experts and talk to a number of exhibitors.

There is a perspective that by talking to stand holders at exhibitions gives a feeling of insurance, as presumably they have been checked out by the exhibition organizers, particularly if the organizers are a well known magazine or promoter.

It needs to be remembered however that exhibition organizers do not always have the facilities to check out all the companies who are exhibiting and in the past this has led to occasional problems with rogue traders.

Currently there are investigations by the FBI into allegations against New Horizons and Derrick Coles regarding missing .

New Horizons presented free immigration and property and also  featured at a number of emigration shows for several years, giving advice at the invitation of the organizers as speakers. However, following recent developments an article in a local paper alleged a history of problems which a comprehensive background check could have exposed see the article here  http://www.derickcoles.com/Images/lymingtontimes.pdf

Sadly we have been made aware of a number of other problems arising from information given at exhibitions subsequently involving potential or false information where emigrants have applied for visas through an scheme losing not just the opportunity for a , but also their life savings. Although there have subsequently been prosecutions and TV coverage warning others, these have not helped the unfortunate victims.

Although these issues affect only a small minority of immigrants they obviously have a devastating impact on the victims – for more information on the fraud issues we are aware of click here

 
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WhichEB5.com, its owners and associates, do not function as attorneys or legal counsel and do not attempt to interpret immigration law and do not provide or offer legal advice or legal services or investment advice. Anyone considering an Investment based Visa should seek independent professional advice. The information on this site is intended to be general on the subject of the EB5 investment visa green card program and should not be relied upon for any specific situation. Any reference to designated regional centers on this website is posted as reference material only. For legal advice, please contact one of our attorneys. Prior results do not guarantee a similar outcome. Results depend upon a variety of factors unique to each person. Which EB5 is a service of Ireeco LLC 1515 N.Federal Hwy. Suite 300 Boca Raton Florida 33432 USA Telephone: +1-561-771-1330.