Lawyer Victoria Chan and her father, Tat Chan accused of EB-5 visa fraud
- A father and daughter duo allegedly helped obtain visas for Chinese nationals, including people on that country's "100 Most Wanted" fugitive list, by defrauding a U.S. program that awards visas to wealthy foreigners who invest in American projects, according to federal court documents unsealed Wednesday.
The allegations of fraud are the latest to hit the EB-5 visa program, which gives green cards to foreigners who invest $500,000 in businesses that are measured to have created 10 jobs per investor.
But instead of investing in U.S. businesses, the duo allegedly pocketed millions and gave the money back to some of these investors.(Excerpt) Read more at: wsj.com ...
- Photo credit(s): wsj.com