[Also available on Reddit.]
In 2016, the US Government Accountability Office (GAO) put together a report on USCIS’s efforts to detect and prevent fraud in the EB-5 immigrant investor program. The report pointed out some significant inadequacies and blind spots that leave immigrant investors vulnerable to fraud. It’s not clear to me how many of the GAO’s recommendations to mitigate risk have been implemented since publishing.
Like in other areas of investor fraud, private lawsuits are needed to supplement the government’s enforcement efforts and protect immigrant investors.