- While there were but a handful of immigration attorneys creating complex EB-5 Regional Center structures just a few years ago, we suddenly have hundreds of self-proclaimed experts all to happy to put together an RC.
- China has the only organized, government-licensed (if somewhat less than ethically pristine) immigration agency structure on earth, but there are suddenly of "immigration agents" in Russia, Brazil, you-name-it aggressively marketing their proven EB-5 results (??) to U.S. EB-5 projects
- The notion that there is this big, long-line of prospective EB-5 investors lined out the door of each of us who work in this business has triggered a rapid growth in mezzanine debt providers who claim they can use EB-5 investment "pools" to provide short term venture capital to desperate U.S. developers.
I will simply leave you with a blog entry from my friend Boyd Campbell, who finds this whole mess as downright absurd as I do. Be careful out there, my sophisticated developer friends, the investors in China aren't the only ones getting bamboozled.
Boyd Campbell's excellent blog about USCIS policy wavering