In their Immigration Law column, Angelo A. Paparelli, a partner at Seyfarth Shaw, and Ted J. Chiappari, a partner at Satterlee Stephens Burke & Burke, write: The EB-5 employment-creation immigrant visa category - which promises a green card if a foreigner invests $500,000 or $1 million earmarked to create 10 U.S. jobs - has at times appeared to be a bureaucratic mashup of Let's Make a Deal and The Price is Right. Unfortunately, game shows have losers, and these foreign investors often find themselves poorer, no wiser and without legal immigration status in the United States.
Dollars and Jobs for EB-5 Green Cards: A Challenging Route to U.S. Residency
New York Law Journal
August 22, 2012
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