Mamtek Attempted to Get Money from Chinese Investors through Federal Immigration Policy
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Mamtek Attempted to Get Money from Chinese Investors through Federal Immigration Policy

Date: September 23, 2011
By: Tong Gao
State Capitol Bureau

Intro: 
Legislators hesitate to pass the China Hub bill because of the Mamtek trouble.
RunTime:  0:37
OutCue:  SOC

Wrap: 

Moberly's failure in a business deal with the Chinese company Mamtek adds to the controversy of the China hub bill.

Mamtek solicited in China through the U.S. immigration investment policy.

Now Mamtek is in default and refused to reply to this issue.

Seattle attorney Dan Harris who specializes in legal issues of Chinese businesses says the U.S. immigration office is aware of this growing immigration investment.

"A lot of Chinese do not want to do EB5 the right way."(3:45-3:52)

Under U.S. immigration policy, known as EB5, foreign investors and their family members get visas if they invest $500,000 for at least 5 years.


Intro: 
U.S. Department of Homeland Security approves Mamtek as an immigration investment project.
RunTime:  0:41
OutCue:  SOC

Wrap: 

U.S. Citizenship and Immigration Service website still lists the default company Mamtek as one of the 184 approved investments.

Under the U.S. immigration investment policy, known as EB-5, foreign stakeholders can invest $500,000 to get visas for themselves and their family members.

Attorney Dan Harris says half of EB-5 visas are for rich Chinese.
"It's a way to buy U.S. citizenship." (3:27-3:31)

Mamtek's business deal with Moberly has collapsed since the Chinese founded company was found in financial trouble.

Citizenship and immigration spokeswoman Marilu Cabrera says she was uncertain what would happen to anyone who received a visa through the Mamtek investment if the company becomes in default.



Intro: 
U.S. immigration office sells visas to default foreign companies.
RunTime:  0:25
OutCue:  SOC

Wrap: 

U.S. immigration office has approved Mamtek as immigration investment.

This policy allows Mamtek investors with $500,000 get visas for their families.

Seattle attorney Dan Harris says half of EB-5 visas are for rich Chinese.
"It's a way to buy U.S. citizenship." (3:27-3:31)


Citizenship and immigration spokeswoman Marilu Cabrera says in an email that they don't have information on the number of visas issued to this company.


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