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January 30th, 2012 |
The EB5 visa process seems to have had more than its share of misleading information and fraud over the years.
Following checks on the EB5 visa program we have come across a number of problems that could have been avoided if proper independent and impartial due diligence had been thoroughly carried out before applying for the EB5 visa.
Despite earlier complaints however, dubious sales claims continue to be made by a number of regional centers, as well as some EB5 visa consultants; these need to be looked into.
Ongoing examples of dubious claims that need further elaboration and explanation include:
“An EB5 visa in just 6 months”
While it is correct that some center programs have actually received I-526 approval from The United States Citizenship and Immigration Service (USCIS) in a very short time period, this is certainly not the norm. If time is an important factor when you are considering permanent residence in the USA it is critical to receive independent advice on the time line record of different regional centers.
“Only government approved regional center”
While there are regional centers operated by Governments there are important issues to be aware of. The operation is via State Government not The Federal Government. Although a regional center may itself be operated by a State Government, the programs it offers are generally in the private sector. This becomes particularly important when the $500,000 the EB5 visa holder invested is to be repaid. If anything goes wrong it is highly unlikely the State will step in and repay the money, repayment will be down to the private sector program operators.
“A guaranteed return of your investment”
There are very few real guarantees in the current economic climate and although this claim has been used by agents selling EB5 visa programs outside the USA it needs to be looked at with caution.
“The safest regional center program”
One of the conditions relating to the EB5 visa requires project investment to be “at risk”, there can be no guarantees of the return of the $500,000 investment. While some programs may seek to lower risk factors no program can claim to be risk free.
These are just a few of the reasons why these statements need further research as they either fail to give the whole story or they are just plain wrong.
If you are considering the EB5 visa it is very important that you are given hard-hitting, in-depth, impartial advice from experts who have actually visited regional center programs, can arrange for you to have specialist financial and legal advice and have a 100% successful track record with several hundred EB5 visa holders.
For more information contact Chase Brodsky at Which EB5
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Tags: eb-5, EB-5 Visa, eb5, EB5 visa, expert, impartial advice, independent, permanent residence, regional centers, visa consultant, Which EB5 Posted in Immigration | No Comments » |
December 19th, 2011 |
Today we have published a very informative article on our Which EB5 website entitled:
Obtaining the EB-1 Green Card from L-1 Visa is Not Possible for Most Small Businesses
This article takes a long hard look at potential alternatives to the EB-5 immigrant investor visa and the risks that this particular alternative contains.
An extract from the article:
Many businesspeople, who plan to maintain a business in their home country, have started a small business in the U.S. with the plan to obtain permanent residence through the EB-1 Multinational Manager and Executive category. However, the majority of such people fail to reach the goal of obtaining permanent residence in this category. Why? The general answer is that USCIS’s decision track record in the EB-1 permanent residence and L-1 visa categories indicates that it believes that only the employees of large corporations are worthy of the green card in the EB-1 category, and eligible for extensions in the L-1 visa category.
To read the entire article simply click on the link below:
Obtaining the EB-1 Green Card from L-1 Visa is Not Possible for Most Small Businesses
Look out for more informative articles from EB5 Visa Experts in the days and weeks to come.
If you would like to speak to an experienced EB5 attorney and/or consultant, please feel free to email us at info@WhichEB5.com or call us at +1-561-771-1330
+Stephen Parnell
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Tags: attorney, consultant, EB-1, eb-5, EB-5 Visa, expert, green card, immigrant investor, L1, permanent residence, visa, Which EB-5 Posted in Immigration | No Comments » |
June 17th, 2011 |
As immigrants to the USA we have become used to the fact that when watching an advertisement on TV so many claims are made it can be hard to distinguish fact from fiction, or to determine the true reality of any product.
Unfortunately the American tendency to make so many puffed up claims and to promote the sales angle covers many things you may buy in America, including some of the Regional Center EB-5 programs.
This sales approach is particularly unfortunate because of what is at stake for families trying to identify the most appropriate program to match their requirements. Not only are they investing $500,000 but get it wrong and the family could face deportation after two years in the USA.
There are a number of sales claims we have identified in the past that are simply not true, for example:-
- A program guaranteeing the return of your investment – USCIS itself states the investment has to be at risk.
- A program stating it has quicker processing times at the I-526 stage – USCIS has confirmed to us all programs are treated equally.
- A program stating it was confident it would not be closed despite investigations being carried out at the time by USCIS – USCIS did close the program.
- A program stressing the security of the commercial property market – However commercial property prices in many areas of the USA have fallen substantially over the past few years and may continue to fall.
These are a few of the examples we have come across in our ongoing research into the many regional center programs on offer. That is not to say everything is bad, there are a number of well proven programs available that have delivered on all their promises and these have generally subscribed very quickly.
If you would like further information on the EB-5 program and/or your specific questions answered from an independent EB-5 expert contact Which EB5.
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Tags: american, eb-5, expert, immigrants, independent, regional center, truth, USA, uscis, visa Posted in Immigration | No Comments » |
October 12th, 2009 |
If you are considering the EB5 investor visa as your path to a greencard, and are trying to find out what the implications are of the projected return on the investment, chances are that you may want to look beyond the claims in the regional center brochures and seek out the services of an accountant with experience of analyzing such a specialist investment product.
However, here you may encounter a problem, the average accountant is highly unlikely to have analyised such a product with such an important visa component.
We have identified a rarity, an US based accountant with international expertise who has carried out this analysis for EB-5 regional center investors.
For those of you using the services of Which EB5 to determine which EB-5 regional center you opt for, we can send you the contact details for this chartered accountant.
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.
Contact Which EB5 via email at: info@whicheb5.com
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Tags: accountant, eb-5, eb5, expert, investor green card, permanent residence, regional center, united states, visa, Which EB-5 Posted in Immigration | No Comments » |
October 5th, 2009 |
In a search for information on the EB-5 some potential EB-5 visa investors seek out forums as an impartial source of
information. Forums have exploded across the Internet. Sometimes, immigration 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, “expert” friend in exactly the subject you need. And herein lies some of the top potential dangers of relying on immigration forums as a source of information and advice.
First off anyone—and we do mean anyone—can have a forum . The person behind an immigration forum 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 regional center’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 wrong, 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 scams 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 blogs 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 program! 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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Tags: accuracy, blogs, dangers, eb-5, eb5, expert, forum, green card, honest, immigrants, Immigration, information, investors, program, regional center, research, visa, website, Which EB-5, wrong Posted in Immigration | No Comments » |
February 18th, 2009 |
There was an interesting article in one of the immigration magazines recently that contained research from a psychologist, as to why a significant number of immigrants return back to their original home country after less than a year – and did extroverts or introverts tend to adjust better.
From the large number of troubleshooting briefs we have carried out over the past five years, we have identified two particular types of people who seem more vulnerable to adjusting when inevitably some things don’t always work out the way they planned.
The problems can often be traced back to a lack of due diligence ay the very start of their planning process and the two types of people affected are in many ways at opposite ends of the personality spectrum.
Those, who without realizing it, become dependent on advice from the people who have a sales related interest in them moving – they end up with all the positives and are not prepared for any of the negatives.
At the other extreme is the independent minded person who often has been very successful in their own country and feel they need the bare minimum, or none of the professional advice available.
It is interesting how these two groups feature in case studies For more details click here.
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Tags: emigration, expert, Immigration, Relocation, USA Posted in Relocation | No Comments » |
February 17th, 2009 |
With a number of new EB-5 regional centres approved over the past few months, and a significant number of additional centers in the pipeline, there has never been more need for thorough due diligence before determining which regional center option best meets your requirements. A number of businesses have approached us for advice regarding obtaining regional center status and we have been concerned with certain aspects of the focus and experience of some of them. It remains critical that the EB5 regional center program maintains its credibility and provides a sound source of suitable projects for potential immigrants. For details of our concerns with aspects of particular centers visit Which EB5 for further information.
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Tags: eb-5, eb5, expert, Immigration, visa Posted in Immigration | No Comments » |
February 10th, 2009 |
A number of immigrants considering relocation to the USA find it useful to go to an immigration exhibition. These can provide an opportunity to obtain information 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 escrow funds.
New Horizons presented free immigration and property seminars and also featured at a number of emigration shows for several years, giving advice at the invitation of the organizers as expert 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 scams or false information where emigrants have applied for visas through an illegal scheme losing not just the opportunity for a visa, 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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Tags: dangers, emigration, escrow funds, exhibition, expert, illegal, Immigration, investment visa, scams, seminars, USA, victims Posted in Immigration | No Comments » |
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