HOUSE_OVERSIGHT_029525.jpg
1.96 MB
Extraction Summary
7
People
5
Organizations
5
Locations
2
Events
2
Relationships
4
Quotes
Document Information
Type:
News article / web printout (the real deal)
File Size:
1.96 MB
Summary
This document is a printout of a 'The Real Deal' article from June 2019 discussing fraud within the EB-5 visa program. It highlights criticism of USCIS for inept oversight and mentions specific fraud cases, including a shutdown in Vermont and a lawsuit against developer Nicholas Mastroianni regarding the Harbourside Place development in Florida. The header contains keywords linking the article to Palm House, Robert Matthews, the Clintons, and Trump, suggesting it is part of a larger investigation into high-profile real estate fraud.
People (7)
| Name | Role | Context |
|---|---|---|
| Robert Matthews | Subject of Article (implied via header) |
Mentioned in header keywords related to Palm House and EB-5
|
| Michael Gibson | Managing Director |
Director at USAdvisors.org; quoted criticizing USCIS oversight
|
| Nicholas Mastroianni | Real Estate Developer |
Sued by Chinese investors for fraud; helped raise funds for Kushner family projects
|
| Joe Walsh | Unknown |
Appears in a small ad/inset at the bottom right
|
| Tony Bennett | Mentioned in Header |
Listed in header keywords
|
| Clintons | Mentioned in Header |
Listed in header keywords
|
| Trump | Mentioned in Header |
Listed in header keywords
|
Organizations (5)
| Name | Type | Context |
|---|---|---|
| USCIS |
United States Citizenship and Immigration Services; criticized for lack of oversight on EB-5 projects
|
|
| USAdvisors.org |
EB-5 advisory firm managed by Michael Gibson
|
|
| The Real Deal |
News publication; recipient of email from USCIS
|
|
| South Florida Real Estate News |
Publication logo
|
|
| Kushner family |
Real estate developers associated with Nicholas Mastroianni
|
Timeline (2 events)
October 2018
Nicholas Mastroianni sued by nearly 80 Chinese investors for fraud.
Jupiter, Florida
Nicholas Mastroianni
80 Chinese investors
Locations (5)
| Location | Context |
|---|---|
|
Mentioned in header; likely the subject of the article
|
|
|
Location where a regional center was shutdown due to fraud
|
|
|
Region in Vermont associated with fraud
|
|
|
Location of Nicholas Mastroianni's development
|
|
|
Harbourside Place
|
Development project in Jupiter, Florida involved in lawsuit
|
Relationships (2)
Mastroianni 'helped raise EB-5 funds for the Kushner family’s real estate projects'
Gibson calls the agency 'inept at controlling the fraud'
Key Quotes (4)
"“really just needs a business plan and numbers to support the government’s jobs projections and give the appearance that it is able to execute on that plan.”"Source
HOUSE_OVERSIGHT_029525.jpg
Quote #1
"“inept at controlling the fraud”"Source
HOUSE_OVERSIGHT_029525.jpg
Quote #2
"“No one knows who the true owners of the regional centers [are,] and there is no information on any of this. How can you deter fraud when there is no way for anyone to do any due diligence?”"Source
HOUSE_OVERSIGHT_029525.jpg
Quote #3
"“USCIS takes any violation of the law seriously, and we will explore all actions available to us to ensure the integrity of our immigration system”"Source
HOUSE_OVERSIGHT_029525.jpg
Quote #4
Full Extracted Text
Complete text extracted from the document (2,146 characters)
Palm House Robert Matthews EB-5 Clintons Trump Tony Bennett https://therealdeal.com/miami/issues_articles/lost-paradise-at-th...
SOUTH FLORIDA REAL ESTATE NEWS
SUBSCRIBE MY ACCOUNT
SUBSCRIBE MY ACCOUNT
“really just needs a business plan and numbers to support the government’s jobs projections and give the appearance that it is able to execute on that plan.”
But a handful of legal experts argued that there’s minimal oversight by USCIS during the course of most projects being built.
The agency is “inept at controlling the fraud,” said Michael Gibson, managing director at the EB-5 advisory firm USAdvisors.org. “No one knows who the true owners of the regional centers [are,] and there is no information on any of this. How can you deter fraud when there is no way for anyone to do any due diligence?”
A spokesperson for USCIS said the agency has a team of auditors that conduct compliance reviews on regional centers and noted in an email to The Real Deal that it “does not release information on specific EB-5 applications, investors or related projects due to [the Privacy Act] and other restrictions.”
“USCIS takes any violation of the law seriously, and we will explore all actions available to us to ensure the integrity of our immigration system,” the spokesperson added. “Where instances of fraud are suspected or proven within the program, USCIS takes appropriate measures to deal with any actors involved in the fraud, including terminating regional center designation.”
Regional centers have come under scrutiny for their roles in these EB-5 frauds in recent years.
USCIS shutdown Vermont’s sole EB-5 regional center last year on the heels of the country’s largest EB-5 fraud to date in the state’s so-called Northeast Kingdom.
Elsewhere, in Jupiter, Florida, Nicholas Mastroianni — who’s helped raise EB-5 funds for the Kushner family’s real estate projects — was sued last October over his Harbourside Place development by nearly 80 Chinese investors who accused him of defrauding them. Mastroianni has denied these charges.
One of the underlying problems is that regional center
Joe Walsh
6 of 10 6/26/19, 11:57 AM
HOUSE_OVERSIGHT_029525
HOUSE_OVERSIGHT_029525
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