Washington D.C., Dec. 27, 2016 — The Securities and Exchange Commission today charged a California-based attorney with defrauding investors seeking to participate in the EB-5 immigrant investor program, stealing their money to buy a yacht and prop up his other businesses. The SEC alleges that Emilio Francisco raised $72 million […]
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By Charles Foster I learned the hard way that it is difficult to make predictions as to when Congress will finally enact broad- based, comprehensive immigration reform. Having served as a senior immigration policy adviser for President George W. Bush in 2000 and 2004, I felt confident that, with President […]
By RON NIXON WASHINGTON — A contentious visa program that allows wealthy foreigners to obtain United States citizenship by investing in economic development projects will expire at the end of this month unless Congress acts to extend it. The program, called EB-5, allows foreign investors to gain citizenship by investing […]
MONTPELIER – The dream of spectacular economic development in the depressed Northeast Kingdom using money from foreign investors came crashing down Thursday amidst federal fraud allegations. Gov. Peter Shumlin gathered with several of his top officials at the Statehouse to announce state and federal accusations of fraud against Bill Stenger […]