The Washington Examiner is screaming about restrcitions Obama placed on the corruption-ridden US EB-5 “investor visa” program – a favorite of twice failed tech CEO Vivek “Fraudhwa” Wadha.
Not only was the administration of the program found corrupted by its own officials in many states, but the program is being used as another looting conduit into America.
Many of the EB-5 “investors” get in, get citizenships eventually, suck out huge $ in tax dollars, then startup global staffing firms which only employ foreign workers who remit all the pay right out of the US.
This program is even more corrupt than H-1B and the India Incs themselves.
Too bad the Washington Examiner never even mentioned the corruption in the program.
“The EB-5 program allows foreign-born investors to pledge a certain amount of cash for domestic projects that will result in the creation of American jobs in exchange for permanent resident status. That’s the good news. The bad news is that this program was not favored by the Obama administration. And so in the waning days of former President Barack Obama’s tenure, he started the process of promulgating a regulation that would sabotage the program”.
Sabotage? The program is corrupt to the core. The State of VT shut it down completely, it was found to be so messed up in that state.