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Robert Divine Talks with China Daily About China's Use of EB-5 Visa Program


A new report from a U.S. congressional commission expressed concern over China's "extensive" use of the EB-5 visa program, saying that the program is hard to regulate and runs the risk of "outright investor fraud". The US-China Economic and Security Review Commission (USCC) said in a recent report that the nation's EB-5 program has seen a flood of applicants from China, and that regional EB-5 centers may not be properly screening potential investors, potentially leading to fraud. In this China Daily article, Robert Divine says that the USCC's paper confuses risk to investors with risk from investors. 

"The U.S. government does not guarantee anything about EB-5 offerings. EB-5 offerings are required to be risky. USCIS says so. EB-5 offerings are made by people, and some small percentage of people are going to defraud or take unfair advantage. The law already provides law enforcement and private right of action as for all investments. Investors should be careful and perform due diligence, as USCIS and SEC jointly tell investors," he said.

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