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And I have been honored to satisfy them and proud to welcome them. Chairman Leahy. Also, as my last inquiry, in some of the testimony today there has been a suggestion that, naturally, simply with all the hundreds of billions, trillions of dollars all set to invest, you should just go elsewhere.


Stenger. I would certainly tell you that in this environment the ability to raise capital for the points we are doing would certainly have-- it is difficult to do so in a manner that would certainly enable us as successfully and as promptly create the things we have actually done. You can borrow money if you have got 50 percent down.


I can have borrowed fifty percent of that if I had the $12 million in cash money to place up. Everyone understands that, yes, banks have cash to loan as long as you have actually got half of it in your pocket before you request the various other half. That is not exactly how business works these days.

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Legislator Grassley. Senator Grassley. I desire to admit that we just have unscientific details, yet I would such as to ask you to what extent you have to go or do go to make certain that the centers make certain that the investments do not produce work for people right here unlawfully.


Mr. Stenger. We have worked with-- as I said, at the Optimal we had 550 construction workers on our project.


They are made up of 10, 15, 20, 30 staff members. They are benefiting straight from the financial investment. I recognize the workers, I know their families, and we have been able to use-- through these last 3 years of awful financial turmoil, we have been able to use virtually every building and construction worker in our area and the surrounding regions.

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They are invested in the communities, and they are all U.S. workers. Legislator Grassley. Mr. Stenger.


Thank you. Mr. North, along the exact same lines of the question I asked him, has your research revealed instances various other-- and I just provided one example, so I want to see page confess that and be liable regarding it-- of facilities working with undocumented individuals? Mr. North. That sort of information is extremely hard to acquire from USCIS, and I have to say that what we do learn about a lot of the interior points about that agency as much as this program here are the findings is worried connects to cases in which the personnel has actually claimed no to an application of some kind and afterwards the regional facility or the specific entrepreneur has actually mosted likely to the Administrative Appeals Workplace-- which belongs to the company-- and there we obtain papers, we get a hearing policeman telling us what is going on in that certain instance.




This is a bad application." So there is a quantity of bad applications out there, but just as soon as that procedure obtains prior to a management regulation judge do we see much in the way of detail. Now, there was one instance that you mentioned, and let me just clarify on that a bit.

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Mr - EB5 Regional Center Program. North. The milk ranch had actually claimed 17 employees, and they got into it, and the court discovered that 16 of them were illegals.


Okay. I am mosting likely to ask different inquiries of each of the three of you, yet it handles this set problem. As I claimed in my opening declaration, I am concerned about the prospective technicality that permits investors to withdraw their financial investment in regional facilities after receiving their environment-friendly card.


Mr. Divine. I would say that most of the investors, if you asked them what find out here now are their objectives, they would certainly state, "I want to obtain an environment-friendly card, and I want to keep it.


Mr. Divine. Let me ask Mr. Stenger, is it common for a capitalist in your experience to withdraw his or her financial investment instantly after receiving an environment-friendly card? Mr.


Senator, legislator.