Immigration Law

Senator's Saucy Request Roils EB-5 Regional Centers: Angelo Paparelli

"Imagine you're the general counsel of Coca Cola (or of any other company that takes great pains to safeguard the internal secrets that endow the organization with competitive advantages over other firms in the same industry).  On your desk lands a letter from a U.S. senator in the minority party asking that your company turn over "voluntarily" a raft of legitimately sought business information as well as sensitive business secrets (in the case of Coke it would be its secret formula).

What do you do?

This is the dilemma faced by America's EB-5 regional centers -- organizations approved by U.S. Citizenship and Immigration Services (USCIS) to accept $500,000 or $1 million from foreign investors, each of whom hopes to create 10 full time jobs for American workers and thereby obtain a green card." - Angelo A. Paparelli, Mar. 2, 2014.