Former EB-5 investor alleges regional center paid secret kickbacks to Chinese firm that sold ‘due diligence’ to investors

  • Written by Posted on May 27, 2020 | Updated on May 27, 2020 | 1 min read

A former EB-5 investor, Zoe Ma, who helps Chinese investors research EB-5 projects, has amended her lawsuit against one of the biggest EB-5 regional centers, U.S. Immigration Fund. She claims USIF paid a Chinese migration agency a finder’s fee to have a “confidential and exclusive relationship”, with the condition to “not divert Foreign Investors to U.S. projects which would compete.” The migration agency was also being paid $12,000 by each investor for “due diligence” on EB-5 projects. Ma says that if the investors knew the migration agency had a secret deal with USIF, they would not have relied on the agency’s so-called due diligence.

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