EB-5 Program myths have lately been rising due to the dynamic requirements of EB-5. As the EB-5 program has grown, increased scrutiny from the SEC and ongoing efforts to draft EB-5 reform legislation have demonstrated that new standards for security, transparency, and compliance will be required in the EB-5 program.
However, the program’s rapid growth has also prompted increased public attention to EB-5, and misinformation abounds.
Senator Dianne Feinstein, the Wall Street Journal, and the LA Times have criticized the EB-5 Immigrant Investor program in recent months, calling it “citizenship for sale” and citing isolated incidents of fraud and administrative mismanagement.
However, most of these articles have been littered with misinformation, and myths have crowded out the facts.
In a series of upcoming blogs, we will explore common EB-5 myths and reveal the facts about the EB-5 program, including:
- U.S. citizenship is not “for sale”
- EB-5 is not an immigration shortcut
- EB-5 investors are extensively vetted
- EB-5 funds are heavily scrutinized to prevent money laundering
- EB-5 projects create jobs where they are needed
NES Financial welcomes your questions and opinions. Allow us to address your business needs by contacting us. We look forward to hearing from you!