EB5 Investors Magazine (English Edition) Volume 5, Issue 1 - Page 54

reported cases where project principals engaged in activities that are harmful to investors’ EB-5 process. Some project principals have defrauded investors’ money, others decide not to use investors’ money anymore, and still others decide not to change their business plans. As such, some regional centers decide to stop sponsoring these projects, forcing investors to withdraw their I-526 petitions and refile with another project. In fraud cases, some investors would pursue legal action. These cases may cause agents and investors to question: Do the project principals know the consequences of their actions? Each I-526 petition does not just represent a sum of money – it represents an individual and his or her family’s dream to immigrate to the United States. It is their future. When an investor decides to invest in an EB-5 project, they are entrusting their future in that project’s hands. Project principals must take this responsibility seriously. Every decision they make must take the investors’ best interests into consideration. 53 EB5 INVESTORS M AGAZINE Under the existing EB-5 law, when investors withdraw and refile their I-526 petitions, they lose their priority dates and have to start at the end of the increasingly long visa line again. They will have to wait much longer before they can immigrate to the United States. Children may face age out issues. Many investors in these situations decide not to refile their petitions and give up their dreams to immigrate to the United States. Thus, no matter what happens during the investors’ EB-5 process, be it more attractive financing or difficulties in construction, project principals must do their best to follow through with the plans submitted to USCIS. Or else, they are ruining the futures and dreams of innocent investors. For regional c enters that do not own or control the projects they sponsor, they cannot prevent project owners from engaging in behaviors that put investors’ green cards in jeopardy. In these cases, seasoned agents would not only look at the regional center principals to ensure that they are experienced and committed to