Source of Funds

Posted on 10/03/2012 by Mark A. Ivener, A Law Corporation

Question: A stakeholder has investors who have taken out $900,000 through an investment license channel, but a RFE asks whether this is legitimate and whether money is in the bank.

Answer: If you feel an RFE is in error, please send an email to EB 5 Immigrant Investor mailbox, but still be sure to respond in a timely manner to the RFE so that you do not jeopardize the adjudication.

Question: With recent allegations of alleged corrupt Chinese government activity, is there a higher scrutiny for source of funds applied to Chinese cases?

Answer: The standard for reviewing source of funds is not country specific. Everyone must show that capital is obtained from a lawful source.

Taken directly from USCIS EB 5 Immigrant Investor Program Quarterly Stakeholder Engagement on May 1, 2012.

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About the Author

Mark Ivener is an experienced business and EB-5 immigration attorney who has written 5 books on Immigration Law as well as has written numerous articles and spoken at many events on EB-5 topics.

Source of Funds

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