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We monitor much of the information being put out about the EB5 visa. This information comes from Regional Centers, Attorneys, trade publications, local newspapers and many other sources both legitimate and otherwise.
Every now and then we come across a report that is completely wrong. We have come across a number of these on immigration blogs. Recently one announcement we read caused us considerable concern on several counts, it was totally inaccurate, it was from an Attorney, which would normally add credibility, and as yet it has still not been corrected.
The piece refers to a statement about the number of clients for a relatively new regional center program and included the following:-
“Recently, I was invited to attend an informational seminar about the […….] Regional Center, a very prosperous EB-5 Regional Service Center located in […….] Over 200 EB-5 Visas have been given to those investing in this center in the last year, an outstanding accomplishment for an EB-5 Regional Service Center”.
The problem is the center in question is recently established, is in the early stages of marketing its program, it has closer to zero than 200 actual EB5 clients! – Reading this would a potential investor question the statement? It came from an attorney, it must be true right? Sadly, no. It is misleading at best, ill informed and quite literally a complete fabrication. For what motive we are unsure. We are looking forward to seeing a retraction and explanation and will report further on this as the news unfolds.
Be careful where you get information about the EB-5 visa program. We are happy to clarify anything you wish to double check, just ask.
Andrew Bartlett and Stephen Parnell are authors of Green Card via the Red Carpet available on Amazon
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