EB-5 Investor Snagged in $5 Million COVID Relief Scam

Another day, another EB-5 boondoggle. A fleeing foreign national was arrested last week at the U.S.-Mexico border and charged with bilking more than $5 million in COVID relief funds for sham companies. Among Reddy Raghav Budamala’s dubious transactions was a six-figure “investment” into the EB-5 cash-for-visas program. Though the Department of Justice (DOJ) and news reports referred […]

The post EB-5 Investor Snagged in $5 Million COVID Relief Scam appeared first on ImmigrationReform.com.

Read MoreAnother day, another EB-5 boondoggle. A fleeing foreign national was arrested last week at the U.S.-Mexico border and charged with bilking more than $5 million in COVID relief funds for sham companies. Among Reddy Raghav Budamala’s dubious transactions was a six-figure “investment” into the EB-5 cash-for-visas program. Though the Department of Justice (DOJ) and news reports referred […]
The post EB-5 Investor Snagged in $5 Million COVID Relief Scam appeared first on ImmigrationReform.com.

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