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Another EB-5 Scam Alleged as Program’s Sunset Nears

Sept. 20, 2016, 6:06 PM

A Canadian man has been accused of scamming immigrant investors out of their money just days before the deadline for Congress to renew the immigration program (United States v. Doobay, M.D. Fla., No. 3:16-cr-00122, indictment unsealed 9/19/16).

The EB-5 regional center program expires Sept. 30, and lawmakers have been wrangling over whether to include fraud prevention measures in renewal legislation.

Cases such as the one revealed Sept. 19 by the U.S. attorney’s office for the Middle District of Florida have spurred prominent legislators, such as Sens. Charles Grassley (R-Iowa) and Patrick Leahy (D-Vt.), as well as Rep. Bob ...