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by gruez 867 days ago
>and promising (falsely) to regulate the flow

What type of promises did they offer? Based on the newyorker article as well a quick skim of the wikipedia article on eb-5, it doesn't seem like the government was supposed to do any due diligence. The government doesn't require you invest in specific investments that it endorses. Any investment that meets the given criteria would work. You can even create your own enterprise to use as an investment.