EB-5 Visa ‘Money-Laundering Scheme’ Selling Path to U.S. Citizenship for Chinese Nationals

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Article date: 
21 March 2020
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National News
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Fox News’s Tucker Carlson says the “corrupt” EB-5 visa program is selling American citizenship to rich Chinese nationals.
In a segment this week, Carlson called out the EB-5 visa program, whereby wealthy foreign nationals can claim they will invest in the United States at least $900,000 — the previous rate was $500,000 — securing green cards for themselves and their family members in the process....
Carlson continued:

According to congressional investigators, fraud and criminal activity are rampant in the program. Often it’s nothing more than a money-laundering scheme. A few people get rich by selling a path to citizenship for Chinese nationals and their children. In fact, the program is so rotten that last year Democrats and Republicans actually came together to reform it, to make it more restrictive. Consider that, Democrats making it harder for foreigners to get citizenship. But they did because the program is that corrupt. [Emphasis added]

Carlson named Sen. Lindsey Graham (R-SC) as the main proponent of greatly increasing the EB-5 visa program, thus rewarding more Chinese nationals, after reports circulated that he was pushing to include the measures in legislation aiding Americans during the coronavirus crisis....

In 2018, the U.S. rewarded nearly 8,000 wealthy foreign investors and their family members with green cards. Between 2014 and 2018, the federal government gave EB-5 visas to about 43,130 wealthy foreign investors and their family members, who can secure American citizenship after five years living in the U.S.