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ARTICLE · 18 DECEMBER 2015

Latest Reforms To EB-5 Program Are Nearly Complete

Fox Rothschild LLP
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Scott E. Bettridge and Rogelio "Roy" J. Carrasquillo was mentioned in the Daily Business Review article, "Latest Reforms to EB-5 Program Are Nearly Complete."

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Daily Business Journal
Daily Business Journal
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Scott E. Bettridge and Rogelio "Roy" J. Carrasquillo was mentioned in the Daily Business Review article, "Latest Reforms to EB-5 Program Are Nearly Complete." Full text can be found in the December 10, 2015, issue, but a synopsis is below.

Congress is currently working on reforms to the EB-5 immigration program which will "create jobs by leveraging foreign interest in becoming a U.S. citizen".

The EB-5 immigration program has received scrutiny in the past due to abuses such a as fraud, SEC violations, preferential treatment and manipulation of census tract selections.

"These are reactions to a history of abuses," said Scott Bettridge, a partner and immigration attorney with Fox Rothschild LLP who represents individuals in the EB-5 program. "It's absolutely necessary. It will definitely shed the marginal players in the field."

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