The Traderszone Network

Published in TZ Latest News 20 October, 2016 by The TZ Newswire Staff

Most EB-5 funds go to gerrymandered districts: fed gov’t study

The overwhelming majority of EB-5 funding goes into gerrymandered districts where affluent neighborhoods are combined with high-unemployment areas that qualify for the program, a new study shows. The study, released Wednesday by the U.S. Government Accountability Office, is the first attempt by the federal government to quantify claims of abuse critics have lobbed at the visas-for-dollars program, which is set to expire in December as lawmakers debate its future.

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