January 22, 2016
This question seems to be the elephant in the room that advocates of EB-5 don’t want to discuss. It’s time that we start talking about it – in common sense terms. Let’s do that by asking a few relevant questions:
- Is there ever any corruption in politics?
- Is there ever any corruption in business?
- Does a one-legged duck swim in circles?
If your answer is “no” to any of those, please send us a postcard from the planet where you live.
To expect that the potential for corruption does not exist is simply unrealistic. It is just as unrealistic to believe that all corruption can be stopped. However, we can help innocent people, especially those investing hundreds of thousands of dollars, be aware that a few miscreants might occasionally attempt to use EB-5 as a means to defraud. And we should do everything that we can to protect them and their investments.
The DHS and the SEC are to be commended for their efforts to reduce cases of fraudulent activity. The rest of us can do our part by keeping the letter and the spirit of the law and assisting our clients and potential clients to understand and to do the right things.
Are you with us? Share your insights with us on LinkedIn.