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Visa Fraud

This archive displays posts tagged as relevant to fraud in visa programs. You may also be interested in the following pages:

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December 27, 2016

The SEC charged California-based attorney Emilio Francisco with defrauding investors seeking to participate in the EB-5 immigrant investor program.  The SEC alleges that Francisco raised $72 million from investors in China, solicited through his marketing firm PDC Capital, to invest in EB-5 projects that included opening Caffe Primo restaurants, developing assisted living facilities, and renovating a production facility for environmentally friendly agriculture and cleaning products.  According to the SEC’s complaint, Francisco and PDC Capital diverted investor funds from one project to another and outright stole at least $9.6 million that was used to finance Francisco’s own business and luxury lifestyle.  SEC

Congress' Band-Aid—It’s Up to Whistleblowers to Combat EB-5 Fraud

Posted  11/1/16
(Published in The Epoch Times) This fall, Congress approved a temporary spending bill to allow the government to function through December 9. Tangled in this temporary fiscal extension is the fate of the EB-5 Immigrant Investor Program. Congress continues to effectively slap a Band-Aid on the program, hoping to “revisit or fix” it after the politicized environment of election season dies...

We Need Whistleblowers to Save Indian Workers from H-1B Visa Fraud

Posted  10/13/16
By Sarah “Poppy” Alexander
(Published in Huffington Post) The unscrupulous have long preyed on those seeking to immigrate to the United States. Scams and abuses affect all manner of hopeful immigrants, from hardworking agricultural laborers, to highly skilled experts in fields such as architecture, engineering and medicine. Skilled laborers often enter the US on an H-1B visa. When it works as intended, the H1-B program promises attractive...

August 5, 2016

Sarah Poppy Alexander and Rosie Griffin were quoted in the China Daily USA article, The $500,000 card: Buyer beware.  Click here to read the article.

June 2, 2016

The SEC announced fraud charges and an asset freeze against Charles C. Liu, his wife Xin “Lisa” Wang, and their companies Pacific Proton Therapy Regional Center, Pacific Proton EB-5 Fund, and Beverly Proton Center LLC.  The SEC’s complaint alleges that Liu and Wang raised $27 million for a proton therapy cancer treatment center in Southern California from 50 investors in China through the EB-5 immigrant investor program.  They touted in promotional materials that the project would create more than 4,500 new jobs and have a substantial impact on the local economy while giving foreign investors an opportunity for future U.S. residency.  But presently there is no construction at the proposed site after more than 18 months of collecting investments.  Meanwhile, Liu has transferred $11 million in investor funds to three firms in China and diverted another $7 million to his and his wife’s personal accounts.  SEC

In Their Own Words -- Parker

Posted  06/6/16

-- “The H-1B visa program is a powerful and positive tool for businesses and foreign workers alike when properly used. When employers abuse the program, however, the foreign workers become a captive stable of cheap labor, victimized to the company’s financial benefit.”

U.S. Attorney John Parker of the Northern District of Texas. Click here for more.

December 7, 2015

The SEC announced a series of enforcement actions against lawyers across the country charged with offering EB-5 investments while not registered to act as brokers.  The SEC settled administrative proceedings against at least seven immigration law firms and/or attorneys, who agreed to cease and desist from acting as unregistered brokers, and collectively will pay over $700,000 in disgorgement, penalties, and prejudgment interest.  The SEC also filed a complaint in federal district court in Los Angeles alleging that immigration attorney Hui Feng and the Law Office of Feng & Associates not only acted as unregistered brokers by selling EB-5 investments to more than 100 investors, but also defrauded their clients by failing to disclose their receipt of commissions on the investments in breach of their fiduciary and legal duties. SEC

November 19, 2015

The SEC obtained a court order freezing the assets of Lin Zhong and her company EB5 Asset Manager LLC.  The SEC alleges that Zhong and EB5 raised at least $8.5 million for use in job-creating real estate development projects, but they diverted nearly $1 million to purchase a boat, a BMW, and a Mercedes among other improper personal uses of investor funds.  SEC


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