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Congress Eyes Reforms to Program That Offers US Visas to Foreign Investors

The proposal was simple: invest $500,000 toward the construction of a therapy center for cancer patients in southern California and in a few years become a citizen of the United States. The reality: Securities and Exchange Commission allegations that the couple leading the project misused two-thirds of the $27 million they raised from 50 Chinese investors and never built the center. The case of Pacific Proton Therapy is the latest involving allegations of fraud with the EB-5 investor...

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