EB-5 Regional Center Investment Fraud

McCune Law Group’s Consumer Fraud Class Action Attorneys are investigating claims of potential EB-5 Regional Center investment fraud. An EB-5 regional center is an economic entity, either public or private, in the United States that promotes economic growth through job creation and capital investment by foreign investors. Designated by the United States Citizenship and Immigration Service (USCIS), these regional centers participate in the Immigrant Investor Program. Established by Congress in 1990, the EB-5 program aims to stimulate the U.S. economy by attracting foreign capital. In 1992, Congress created the Regional Center Program to facilitate this process by setting aside EB-5 visas for investors in commercial enterprises linked to USCIS-approved regional centers. 

If you believe that you have been victim of this investment fraud, please contact our team of Consumer Fraud Class Action Attorneys at McCune Law Group. It is likely we have successfully handled a similar case and will be glad to lend our experience and history of success to your case. We have successfully recovered billions of dollars in compensation on behalf of injured plaintiffs in the process, including a $1.2 billion from Toyota resulting from the unintended acceleration of its vehicles. We obtained a $213 million verdict against Wells Fargo on behalf of over 1 million consumers who were illegally charged overdraft fees. We were one of the counsels responsible for obtaining more than $1 billion from thirty-three banks who defrauded customers out of overdraft fees.  

Contact our team today by calling (909) 345-8110 or by completing our form to schedule a free case evaluation.

What is EB-5 Investment Fraud?

EB-5 investment fraud is a specific type of scheme that takes advantage of the Immigrant Investor Program, targeting foreign investors eager for U.S. citizenship. Fraudulent businesses often market themselves as legitimate EB-5 qualifying investment opportunities, luring foreign investors with promises of green cards and permanent residency. Unfortunately, victims of these scams not only risk losing their substantial financial investments but also face the denial of their immigration petitions. The fraudulent entities pose as regional centers or falsely advertise EB-5 qualifying investments without proper designation, collecting investors’ money and misusing it for personal gain.  

Despite these challenges, the EB-5 program remains a popular avenue for foreign investors, particularly from China, to obtain U.S. green cards and permanent residency. The program’s allure lies in its potential for economic benefit and a clear path to U.S. citizenship for those who can meet the investment requirements. However, the inherent risks of EB-5 investments cannot be ignored. These investments are often exempt from certain securities laws and regulations, making them susceptible to exploitation. The SEC has issued warnings about scams that exploit the program, highlighting the need for stringent oversight and due diligence by potential investors to avoid falling victim to fraudulent schemes. 

Frequently Asked Questions

What risks are associated with EB-5 investments, and how can investors protect themselves from fraud?

EB-5 investments carry inherent risks, as they are often exempt from certain securities laws and regulations, making them vulnerable to exploitation. Fraudulent businesses may misrepresent their success or the legitimacy of their projects, leading to financial losses and denied immigration petitions for investors. The SEC and USCIS have issued warnings about these scams, emphasizing the need for thorough due diligence.

EB-5 investment fraud occurs when businesses falsely market themselves as qualifying for the EB-5 program, attracting foreign investors with the promise of U.S. residency. These fraudulent entities may misuse investor funds for personal gain, failing to create the required jobs or contribute to economic growth, which disqualifies the investment from the EB-5 program. Victims of such scams not only lose their money but also risk having their immigration petitions denied.

To prevent EB-5 investment fraud, the U.S. government, through agencies like USCIS and the SEC, has implemented several measures. These include stringent background checks on regional centers and their principals, regular audits and compliance reviews of EB-5 projects, and enhanced reporting requirements. USCIS also collaborates with other federal agencies to identify and investigate fraudulent activities. Additionally, the SEC issues public warnings and educational materials to help investors recognize and avoid scams.

Common pitfalls for EB-5 investors include selecting fraudulent or poorly managed regional centers, failing to understand the complex legal and financial requirements, and not conducting thorough due diligence. Investors may also face challenges if their chosen project does not meet the job creation requirements or if the regional center misuses funds. Additionally, changes in U.S. immigration policy or economic conditions can impact the success of EB-5 investments.

How to Start Your Potential Case

Finding the right Consumer Fraud Class Action Attorney is crucial to ensuring you receive the appropriate legal representation and compensation for your case. Start by contacting an experienced team member from MLG will ensure that your interests will be represented. Here are four steps to help you initiate contact:

  1. Step 1: Research and Gather Information – Before reaching out, gather all relevant information about your case. This includes details about the incident and information about any other parties involved. Take note of the date, time, and location of the incident.
  2. Step 2: Call or Complete the Form for Initial Evaluation – Use the provided phone number or online form to contact our team. You may find it helpful to prepare a summary of your case before making the call or completing the form. This will ensure you provide essential details of the case efficiently.
  3. Step 3: Schedule a Free Evaluation – Request a free evaluation to discuss your case in detail. We offer free initial evaluations to assess the viability of your case. During this meeting, you can share the specifics of your situation, ask questions, and get a better understanding of how our attorneys can assist you in a lawsuit.
  4. Step 4: Prepare for the Evaluation – Before the scheduled evaluation, organize all relevant documents and be prepared to articulate the details of your case clearly. This will help our team assess the merits of your case more effectively. During the evaluation, feel free to ask any questions you may have about the legal process, potential outcomes, and our approach to consumer fraud class action lawsuits.

Legal Representation You Can Trust

McCune Law Group attorneys have successfully handled consumer class actions against some of the largest companies in the world in the auto, banking, insurance, technology and pharmaceutical industries. If you have a potential consumer fraud class case, please contact the consumer fraud class action lawyers at McCune Law Group. We have recovered more than $2 billion in recovery for clients including $1.2 billion from Toyota resulting from the unintended acceleration of its vehicles, a $213 million verdict against Wells Fargo on behalf of over 1 million consumers who were illegally charged overdraft fees, and we helped obtain more than $1 billion from thirty-three banks who were defrauded customers out of overdraft fees.

Call our office today at (909) 345-8110 and take the first step toward justice.

Attorney Advertising

McCune Law Group, McCune Wright Arevalo Vercoski Kusel Weck Brandt APC is responsible for this advertisement. The information provided on this website is for general information purposes only. The information you obtain is not, nor is it intended to be, legal advice. Use of this website or submission of the online form does not create an attorney-client relationship.   

Counsel Richard McCune is licensed to practice only in the state of California. The law firm of McCune Law Group has attorneys licensed to practice law in AZ, CA, MO, NY, and PA. McCune Law Group is a national firm that brings lawsuits in a majority of the states. In states where one of its attorneys is not barred, it does so by filing the complaint along with local counsel barred in that state.  

The results discussed do not guarantee, warrant, or predict the results in future cases.