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Besides the obvious appeal to oligarchs (especially if they can score an off-the-books "get out of extradition free" card, the Trump Gold Card is going to unlock all new types of graft and crime...

May 8, 2025, 12:57 AM

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    "text": "Besides the obvious appeal to oligarchs (especially if they can score an off-the-books \"get out of extradition free\" card, the Trump Gold Card is going to unlock all new types of graft and crime...",
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          "alt": "When the program was initially crafted, experts say, lawmakers went to great lengths to ensure it wasn’t seen as a pathway for corrupt oligarchs to unfairly buy their way into the United States. Part of that effort was ensuring immigration authorities carefully assess each EB-5 application to verify the investment funds aren’t coming from illegal or unsavory sources.\n\n\"There’s a whole unit in USCIS filled with economists and national security experts” who review EB-5 applications, says Doug Rand, a former senior adviser at USCIS under the Biden administration. During his time in the government, Rand says, there was so much paperwork associated with EB-5 petitions that the towering stacks of files caused the floor inside USCIS headquarters to sag.\n\nIt’s not clear if this same level of scrutiny will be applied to the gold card program. When asked during the February briefing whether a Russian oligarch would be eligible, Trump said “yeah, possibly, hey I know some Russian oligarchs that are very nice people.”\n\nAdvocates for the existing EB-5 program say it has mostly been used by ordinary immigrants who saved for years to invest in American real estate developments and other enterprises, and expect to make their money back one day. In other words, it’s not a group of people who can typically afford to pay $5 million for a gold card and never see those funds again.",
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    "createdAt": "2025-05-08T00:57:42.612Z"
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