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Chinese EB-5 investors lose patience

May 20, 2018

 

Chinese EB-5 investors are losing patience due to long waiting line, a result of retrogression.  The Chinese market has reflected such impatience. The market is very slow, even the large immigration agencies have difficulties of recruiting investors, the rumor is one of the top five leading agencies have decided not to promote EB-5 projects, instead real estate sales will be the key revenue generator.  In some cases, investors demand refund of investment capital, their hired gangsters show up at migration agency's offices to scare company owners and make threats to employees. In some cases, senior executives at migration agencies either flee or hide, and a few people got beaten up. Investors also know how to use Chinese social media such as Wechat groups, weibo mini blogs to attack migration agency and project developers as well as regional centers.  It is also common some investors would hire US attorneys to file lawsuit against regional centers or project developers.

When things get worse, Chinese investor groups would show up at the doorsteps of regional center offices and developers. It may get ugly or even violent. Regional centers should not be surprised if Chinese investors show up at your office or even house one day.

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