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And I have actually been proud to fulfill them and happy to welcome them. Chairman Leahy. Likewise, as my last question, in a few of the testimony this morning there has been an idea that, certainly, just with all the thousands of billions, trillions of bucks ready to invest, you must just go elsewhere.


Stenger. I would tell you that in this environment the capability to elevate funding for the important things we are doing would have-- it is difficult to do so in a way that would certainly allow us as effectively and as rapidly produce the points we have done. You can borrow cash if you have obtained half down.


I could have borrowed half of that if I had the $12 million in money to set up. Everybody understands that, yes, financial institutions have money to finance as long as you have actually obtained half of it in your pocket prior to you request for the various other fifty percent. That is not just how business works these days.

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You are speaking from a real-world experience, not from a think storage tank experience. I will leave that merely as an unjustified remark from the Chairman. Legislator Grassley. Legislator Grassley. Thank you. I wish to be liable in this concern of undocumented employees. I desire to admit that we just have unscientific info, however I wish to ask you to what level you have to go or do go to make sure that the facilities make certain that the financial investments do not develop tasks for individuals below illegally.


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


They are made up of 10, 15, 20, 30 workers. They are benefiting straight from the investment. I understand the employees, I understand their families, and we have been able to employ-- with these last 3 years of awful economic chaos, we have been able to utilize virtually every construction worker in our county and the surrounding areas.

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


Thank you. Mr. North, along the same lines of the concern I asked him, has your study shown instances various other-- and I just offered one example, so I want to confess that and be responsible regarding it-- of centers employing undocumented people? Mr. North. That sort of information is really hard to obtain from USCIS, and I must claim that what we do find out about much of the interior aspects of that company as much as this program is concerned associates to instances in which the personnel has actually claimed no to an application of some kind and after that the local facility or the individual entrepreneur has actually mosted likely to the Administrative Appeals Workplace-- which belongs to the agency-- and there we get records, we get a hearing policeman informing us what is going on in that certain case.




This is a negative application." There is a quantity of poor applications out there, however only when that procedure gets prior to a management regulation judge do we see much website in the method of information. Now, there was one situation that you mentioned, and allow me just specify on that particular a little.

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Mr - EB5 Regional Center Program. North. The milk farm had asserted 17 employees, and they got into it, and the judge located that 16 of them were illegals.


Okay. I am going to ask separate inquiries of each of the 3 of you, however it takes care of this set concern. As I claimed in my opening statement, I am worried regarding the possible loophole that allows capitalists to withdraw their financial investment in local facilities after receiving their environment-friendly card.


Mr. Divine. I would certainly say that most of the investors, if you asked them what are their goals, they would certainly state, "I want to get a copyright, and I want to keep it.


Mr. Divine. Allow me ask Mr. Stenger, is it typical for a financier in your experience to withdraw his or her financial investment promptly after getting a copyright? Mr.


Senator, legislator.