Siblings of Barack Obama and Hillary Clinton addressed by Chinese companies to support little-known American program that allows foreigners to buy their way into a greencard for $ 500K
- A new report has shed light on the connections of the United States of politicians in the EB-5 visa program used by foreign investors
- Under EB-5 foreign usually put up $ 500,000 to $ 1 million for a "new commercial enterprise" in the US and Nget permanent resident card
- Obama-Ndesandjo Marcos said a Chinese firm came to him hoping he would get on the board with a project based in El Monte, California
- The half-brother of President rejected the project, which is now part of a federal investigation
A new report has shed light on the connections of the US political program EB-5 visas.
Foreign investors under EB-5 - Immigrant Investor Program - usually put funds into what Citizenship and Immigration Service (USCIS) consider a "new commercial enterprise '.
Marcos Obama-Ndesandjo - the half brother of President Barack Obama - told ABC News that a Chinese company came to him hoping he would get on board with a project based in El Monte, California.
"They said they wanted to pay much" Obama-Ndesandjo said. "But I told them I'm out of this, I do not want anything to do with it. '
By ABC News, Obama-Ndesandjo also stated that surnames like Clinton and Obama give cachet projects. Citing documents, the news network reported El Monte failed project and is now being investigated by federal authorities.
Terry McAuliffe, the Democratic governor of Virginia, Sen. Harry Reid (D-NV) and Anthony Rodham - Hillary Clinton's brother - are among the suspects linked to EB-5, ABC News described as a "shortcut to a green card for foreigners wishing to invest $ 500,000 to $ 1 million in certain business ventures and development of America. "
"Politicians have been an attraction for so-called EB-5 regional centers draw," said the news source. "The privately run centers are tasked to recruit foreign investors - most of them from China centers match investors (and their money) with several hotel developments, business enterprises and construction projects.."
A regional center, Gulf Coast Funds Management, run by Anthony Rodham, according to ABC News. A message to the company seeking comment was not immediately returned.
ABC News reported 'When Terry McAuliffe, now the governor of Virginia, became involved in a joint electric car which was funded in part by EB-5 investments, tried to unclog the review process of the government with calls and emails to the head program, alijandro Mayorkas, internal emails show. Senator Harry Reid also used his political power to convince the immigration agency to expedite the processing of visas for investors in a proposed hotel and casino in Las Vegas. "
A representative of Reid told the news network 'Senator Reid is proud to have successfully fought for a project that creates 8,600 jobs Nevada.
ABC News said the then candidate for governor McAuliffe issued a statement after his campaign for assistance Mayorkas was used against him.
The statement McAuliffe said "The EB-5 program is designed to inject capital into the US economy and to create jobs in America (and) having broad bipartisan support, including all members of the delegation of Virginia and current administration in Richmond.
'There has been widespread frustration, however, both inside and outside the bureaucracy USCIS there and the pace of the investment program. Like many business leaders and politicians from both parties, I was among those who expressed frustration on several occasions to various individuals.
"I never asked for preferential treatment, nor ever hope to receive. '
Also called Sen. Charles Grassley at the time, saying 'I find it regrettable that a Republican senator from Iowa - which has a long history of support for the EB-5 program - selectively releases information for the purpose of partisan attacks Instead of get the facts. "
Grassley told ABC News' I have met the concerns of the complainants that people within the Department of Homeland Security administering this program have ... responded to political pressure to do what I call itself very quickly reach . "
Meanwhile, Peter Joseph, executive director of Invest in the USA (IIUSA), said in an interview with the news network "Overall, it is very common for congressional offices to carry out issues on behalf of the components. - Involve dealing with the federal bureaucracy '
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