CASE Study
Building the Case for an EB-5 Visa Fraud
The EB-5 Immigrant Investor Program allows foreign investors to become US citizens if they invest in a US business and create jobs. The program can be abused where the money invested is used for purposes other than investing in job creation. The SEC established an enforcement action and appointed a federal equity receiver to examine one such case. The receiver reached out toTop 20 firm, Berkeley Research Group (BRG) for help.
Jeff George, Managing Director at BRG, took the case and engaged Valid8 knowing that the amount of money that could be recovered limits how much time and effort to be invested. There were seven legal entities involved and each had multiple accounts where it was critical to understand when and how much money got transferred and co-mingled.
Process
Outcome
Customer Testimonials
“Valid8 tags all potential transfers. When combined with their matching algorithms, finding undisclosed accounts is simple and only takes a few minutes.”
“For many cases, you don’t know how much effort should be put forth. Valid8 allows a rapid assessment and insight into the scope of any financial investigation.
Need to prepare evidence? Help your team follow the flow of funds faster.
