Why wait for congress Roy Moore hits Luther Strange on EB-5 firm at debate

Why wait for congress Roy Moore hits Luther Strange on EB-5 firm at debate

EB-5 Visa, EB5 Visa, EB-5 Investment

At the “Lincoln-Douglas” style moderator-less debate in Montgomery, Alabama Thursday, former Alabama Chief Justice Roy Moore called out his opponent Sen. Luther Strange over revelations he stands to profit from the controversial EB-5 visa program.

Referring to his opponent’s tight-lipped response to the scandal over his ownership interest in Sunbelt EB-5 Regional Center, LLC – a firm that promises visas for mostly Chinese investors and their families under the EB-5 program – that Congress had to “get to work” on concerns over the program, Moore said to the debate audiance:

Luther Strange agrees that their are serious concerns over the EB-5 visa program, which is ‘not being used as originally intended.’ He says it’s time for Congress to get to work on these issues, but Mr. Strange owns a part of the company and has received revenue therefrom from the sale of visas to wealthy Chinese investors.

“So why wait on Congress? Obviously Congress did not do their duty,” Moore posed to Luther, before asking the audiance, “How can we trust Luther Strange to address security concerns under a program administered by a company he owns?”

In response, Strange only made it clear he considered Moore’s comments a “personal attack.”

“Well for someone who is complaining about a lot of personal attacks, you seem to be prepared to deliver a bunch of them tonight,” he said, before changing the subject. “I’m going to stick with jobs and the economy.”

The EB-5 program, which allows foreign investors to secure American residency for themselves and their families if they invest $500,000 to $1 million in certain projects in the United States, has been troubled since its inauguration in 1990. As Moore pointed out at the debate, Senate Judiciary Chairman Chuck Grassley (R-IA) called the program “rife with fraud and national security weaknesses” earlier this year and said that it “has also strayed from Congress’s original intent to spur economic development in rural and depressed areas.” State Department numbers show that four-fifths of EB-5 visas go to Chinese.

Strange’s involvement with the program became clear on Monday when it was revealed that he owned a one-sixth interest in Sunbelt, a company that secures funding for American projects through EB-5 investors. Huntsville’s WHNT reported that Strange profited to the tune of $150,000 on a single EB-5 project.

Alabama State Auditor and Moore Ally Jim Zeigler called Strange’s involvement “self-serving” on Tuesday.

Strange’s own campaign has declined to answer any of Breitbart News’s questions regarding the ownership of Sunbelt, including whether the appointed Senator has plans to sell his interest in the firm.




  • Alabama

Securities Disclaimer

This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.