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.
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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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