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Fortune editor-at-large Peter Elkind
investigates the visa-for-sale program that allows wealthy foreigners
to obtain U.S. citizenship by spending $500,000 apiece on a venture that
creates American jobs. However, there’s no evidence that the program is
helping the U.S. economy. Applications for these EB-5 visas keep
increasing, and the government is on pace to grant about 10,000 of them
in 2014—more than were issued in the program’s first 17 years combined.
Elkind’s article “The dark, disturbing world of the visa-for-sale program” is available online and in the August 11, 2014, issue of Fortune.
Fortune August 11, 2014
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