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And I have been honored to satisfy them and honored to welcome them. Chairman Leahy. Likewise, as my last inquiry, in some of the statement this early morning there has been a tip that, of program, just with all the numerous billions, trillions of bucks ready to spend, you ought to simply go somewhere else.

Stenger. I would tell you that in this climate the capacity to increase funding for the important things we are doing would certainly have-- it is impossible to do so in a manner that would permit us as successfully and as swiftly create the important things we have actually done. You can obtain cash if you have actually obtained 50 percent down.


I could have borrowed fifty percent of that if I had the $12 million in cash money to set up. Everybody knows that, yes, financial institutions have cash to loan as long as you have got fifty percent of it in your pocket prior to you ask for the various other half. That is not just how company works nowadays.

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Senator Grassley. Senator Grassley. I want to confess that we just have anecdotal info, but I would like to ask you to what degree you have to go or do go to make certain that the centers make sure that the investments do not produce tasks for people right here unlawfully.


Mr. Stenger. We have worked with-- as I claimed, at the Optimal we had 550 building and construction employees on our task.


They are made up of 10, 15, 20, 30 employees. They are benefiting straight from the investment. I recognize the workers, I recognize their households, and we have actually been able to use-- with these last 3 years of horrible economic chaos, we have actually been able to use nearly every building worker in our county and the bordering areas.

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They are spent in the neighborhoods, and they are all United state workers. Senator Grassley. Mr. Stenger.


Thanks. Mr. North, along the exact same lines of the inquiry I asked him, has your research study revealed instances other-- and I only provided one instance, so I wish to admit that and be liable about it-- of facilities working with undocumented people? Mr. North. That sort of information is very tough to obtain from USCIS, and I need to claim that what we do learn about much of the internal features of that firm regarding this program is concerned connects to instances in which the staff has stated no to an application of some kind and after that the regional center or the private entrepreneur has actually gone to the Administrative Appeals Workplace-- which is component of the firm-- and there we obtain documents, we get a hearing police officer informing us what is taking place because specific situation.




This is a poor application." So there is a quantity of poor applications out there, yet only when that procedure gets prior to an administrative regulation court do we see a lot in the way of information. Currently, there was one situation more info that you pointed out, and let me simply clarify on that a little bit.

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Mr - EB5 Regional Center Program. North. The dairy ranch had asserted 17 employees, and they got into it, and the judge discovered that 16 of them were illegals.


Okay. I am going to ask separate questions of each of the three of you, but it deals with this one problem. As I stated in my opening declaration, I am worried concerning the potential loophole that allows financiers to withdraw their financial investment in local facilities after receiving their environment-friendly card.


Mr. Divine. I would certainly state that most of the investors, if you asked them what are their goals, they would claim, "I desire to obtain an environment-friendly card, and I desire to maintain it.

Mr. Divine. Allow me ask Mr. Stenger, is it usual for an investor in your experience to withdraw his or her financial investment immediately after getting a copyright? Mr.


Senator, legislator.