Luther Strange Stands to Profit from Troubled EB-5 Visa Program

Breitbart ^ | Sep 19, 2017 | IAN MASON

[upchuck]

Sen. Luther Strange (R-AL), despite his presentation as an immigration hawk, has a substantial stake in a firm that facilitates visas for rich, mostly Chinese, investors and their families. According to February disclosure filings reported in Alabama Today, Strange held a one-sixth ownership of an Alabama-based EB-5 Visa fixer called Sunbelt EB-5 Regional Center.

According to Sunbelt’s FAQ page:

An EB5 investor Visa is suitable for people from all walks of life: professionals, business people, persons wanting to facilitate their children’s education and to attend US Universities, persons just seeking a new or better life in the United States, and persons wanting to retire in the United States. Quite simply, the EB-5 visa gives you the opportunity and flexibility to do what you want in the USA. If you don’t want to actively manage your business, you should consider a Regional Center EB-5 Investment.

The EB-5 visa program is a controversial piece of American immigration law instituted in 1990 that gives legal residency to foreign investors who put $500,000 into an American project slated to create jobs. The program has been oversubscribed and rife with fraud for years and become increasingly dominated by mainland Chinese investors who the State Department reports make up over 80 percent of EB-5 visa recipients. Critics, like Sen. Diane Feinstein (D-CA), say EB-5s effectively put U.S. residency up “for sale” to rich foreigners.

Sunbelt, the firm which Strange partially owns, makes its money by soliciting foreigners to invest in projects in the American southeast and helping to then secure visas for those investors and their families.

[upchuck]

Judge Roy Moore for Senate

[rockinqsranch]

Interesting!

[House Atreides]

The corrupt Strange needs to be defeated at all costs.

[reardensteel]

Sickening.

[cba123]

This is interesting, because China does not likewise bestow residency for people there.

Unless of course, they are of Chinese ethnicity.

[Kenny]

McConnell’s flunkies are pouring in tens of thousands in last days. Pray they can’t buy this election.

[SunkenCiv]

Thanks upchuck.

[Georgia Girl 2]

Oh how I hate that EB-5 program. I read somewhere Trump is phasing that out.

[Bodleian_Girl]

Oh Luther. How's Jennifer?

[SauronOfMordor]

The Chinese upper class wants a place to run to before the next Party purge.

Frankly, I’d rather let in a Chinese entrepreneur than an unskilled Mexican.

[CrimsonTidegirl]

Everyday I receive a campaign flyer from Strange in my mailbox. Every single day.

I am also beyond tired of Strange’s incessant, deceptive TV ads . Nauseating. McConnell and company must be really scared and desperate.

Just knowing of the crooked deal Strange made with our disgraced former Governor Bentley would be enough to vote against him.

[Freedom56v2]

Didn’t Trump endorse him? IF so, WHY?!?!?!

[Southack]

"Sunbelt, the firm which Strange partially owns, makes its money by soliciting foreigners to invest ($500,000) in projects in the American southeast and helping to then secure (EB-5) visas for those investors and their families."

Jobs are good.

[albie]

I don’t know much about this guy. Thought I read that Mike Pence was going to Alabama to campaign for him?

[Southack]

To get an EB-5 visa, the foreigner must create 10 U.S. jobs for American citizens, not immigrants.

[cba123]

I’m not sure exactly what the requirements are.

I was at a presentation recently hosted by a company involved in exactly this program. It was presented by westerners, aimed at Vietnamese investors.

My impression was left just a bit uncertain, as to what the actual requirements are. Maybe it is in fact to create jobs for 10 US citizens, but I was not entirely sold based on what I heard.

You may just be right. But I’m not completely sold, myself.

Just my opinion.

[A strike]

Rife with fraud and abuse.

[peyton randolph]

“Unless of course, they are of Chinese ethnicity.”

****

What if one self-identifies as Chinese? Let’s say that Bruce Jenner believes he’s a Chinese woman? Would Beijing give him residency? ;)

[wita]

If I have my facts straight, South Dakota has at the very least, a shotgun suicide, a dismissed lawsuit by Chinese wanting their EB-5 money back, a formerly bankrupted meat packing plant, and a lot of unanswered questions in regards their EB-5 program.

I believe Diane F. made the case that this is precisely Citizenship for sale.

[wyowolf]

Yes...sending Pence down there.
But good luck getting an answer...