- Biometrics; or
- Other information that affects eligibility, such as proof of relationship to the petitioner.
PROGRAM INTEGRITY
- In previous stakeholder engagements, I have covered the importance of program integrity to IPO and today is no different. It is a vital component in ensuring the success of EB-5 projects.
- Program integrity is at the forefront of everything we do. We continuously field questions from Congress and others on how well we perform in this area. IPO is committed to ensuring that we only issue benefits to eligible applicants and petitioners.
- Fraud and other public safety or national security concerns in the EB-5 program, regardless of when such concerns come to light, adversely affect the EB-5 program and the stakeholder community.
- Even with the most stringent safeguards in place, program integrity depends in part on the responsible actions of program participants.
- Those representing EB-5 parties could help by applying due diligence and ensuring the clients they represent submit bona fide applications and petitions.
- IPO officers invest the necessary time and focus in conducting inquiries into such matters.
- In general, we have seen that the vast majority of petitions and regional centers are engaged in legitimate business activities and endeavor to strengthen U.S. communities by creating jobs. Unfortunately, instances of malfeasance and abuse by a few program participants have resulted in cases of substantial financial losses to investors. These cases also have a negative impact on local economies and program integrity generally.
Page 6 of 18
