eb-5 – Moe Lane

Amazing how all of these things keep interlocking.

Via Instapundit comes this report from Reuters that “U.S. Citizenship and Immigration Services Director Alejandro Mayorkas, who has been nominated to be the deputy secretary of Homeland Security – and who could soon run the department – is under investigation by the department’s inspector general.”
Why is Mayorkas being investigated? Because he allegedly broke ethics rule by arranging for an ‘investor visa’ for Gulf Coast Funds Management.
Gulf Coast Funds Management is run by Hillary Clinton’s brother Anthony Rodham.
This is where we have to leave Reuters, because Reuters – accidentally or deliberately – decided to stop telling the story. Continue reading How Alejandro Mayorkas, Anthony Rodham, Greentech, Terry McAuliffe, Hillary Clinton, and EB-5 all cohere.

Interesting: is Virginia gubernatorial candidate Terry McAuliffe playing fast and loose with the rules? Also, is the sky blue?

To kick-start GreenTech Automotive in Mississippi, the Virginia Democrat has sought funding through federal EB-5 immigration visas. In exchange for investments of $500,000, foreign nationals can gain U.S. citizenship for themselves and their families.

But the EB-5 system has been heavily criticized for its lack of transparency and lackadaisical enforcement. McAuliffe’s venture is seen as a particularly bad fit for the alien-investor program that’s supposed to create U.S. jobs.

[snip]

“EB-5 is good for funding certain kinds of projects, but it’s not appropriate for this type of large-scale, long-term funding,” said Michael Gibson, managing partner of U.S. Advisors, a Florida-based research and investment firm knowledgeable about the program.

Continue reading Is Terry McAuliffe’s GreenTech just another Democratic sinecure?