Vincent Belew
Junior Member
Hi. Pardon my weird question.
Is it legal for the owner (in this case an American man) of a Los Angeles-based glass fabrication company to front a woman in Denmark with $500,000, so that she can take that money and invest it a new glass fabrication company in Los Angeles under the EB-5 program?
What if once the Danish woman was granted the green card, she married the American man who fronted her the money?
What if the two of them bought several properties in Los Angeles and started LLCs (one LLC for each property) to manage them?
What if the woman’s glass fabrication company took the $500,000 and put it into the corporate profit sharing program, and in turn invested it in the property that the man and woman once owned, and whose LLC continues to manage?
Are you still with me?
What if the woman’s glass fabrication company never turned a profit?
And finally, what if they filed joint tax returns?
I smell a rat.
It seems like some sort of money-laundering/tax evasion thing.
Is that legal?
What laws might they be breaking?
Is it legal for the owner (in this case an American man) of a Los Angeles-based glass fabrication company to front a woman in Denmark with $500,000, so that she can take that money and invest it a new glass fabrication company in Los Angeles under the EB-5 program?
What if once the Danish woman was granted the green card, she married the American man who fronted her the money?
What if the two of them bought several properties in Los Angeles and started LLCs (one LLC for each property) to manage them?
What if the woman’s glass fabrication company took the $500,000 and put it into the corporate profit sharing program, and in turn invested it in the property that the man and woman once owned, and whose LLC continues to manage?
Are you still with me?
What if the woman’s glass fabrication company never turned a profit?
And finally, what if they filed joint tax returns?
I smell a rat.
It seems like some sort of money-laundering/tax evasion thing.
Is that legal?
What laws might they be breaking?