How Jared Kushner and others gerrymander to sell visas to foreigners — at a steep discount
Trump Bay Street is a model of luxury as well as a model of a loophole U.S. developers use in a controversial citizenship-for-cash program.
Watch 9:28
The visa program leaving hopeful immigrants empty-handed
After leaving their home in Pakistan and living in Dubai, Noreen and Shehryar Iqbal aspired to move to the U.S. through the EB-5 Visa program, which grants green cards and eventually U.S. citizenship for large, job-creating investments. Now their life…
Watch 7:36
Rich immigrant investors hit mountain of fraud in Vermont resort project.
A project to turn a depressed Vermont ski slope into a bustling year-round resort has become a cautionary tale for foreign investors hoping to get U.S. green cards through the EB-5 cash-for-visas program. Economics correspondent Paul Solman reports on charges…
Why one-percenters spend billions on foreign passports
A growing number of countries offer individuals passports in return for investment, and the wealthy have been taking advantage of such programs in increasing numbers.
The scandal is not what's illegal, it's what's legal.
Wealthy foreigners have invested $500,000 each into Vermont's Jay Peak Resort through the EB-5 immigrant investor program. Now, they aren't so sure they will get their money back.
In northeastern Vermont, a half-billion dollar development is helping to transform a lagging economy into the state's job-creation leader. It seems like a win for tourists and for foreign investors, who put up the money in return for green cards…
If you’re a wealthy foreigner with half a million dollars to spare, you can jump to the front of the line to come to the U.S. The EB-5, a little-known employment-based visa program for foreign investors, has soared in popularity…
The EB-5 visa program allows foreign investors to obtain green cards, provided they invest $500,000 to $1 million. The program is up for reauthorization in Congress, and as economics correspondent Paul Solman reports, there is some controversy over whether or…
