Con Artists Swindle Thousands in Istanbul for Fake Montenegro Passports

“They were asking people to pay between 7,000 and 12,000 euros for this so-called Montenegrin citizenship,” said Akkan Suver, Montenegro’s honorary consul general to Istanbul, according to Daily Sabah. He explained that the fraudsters had opened a consulting agency office near the official consulate building on the European side of Istanbul, as well as a variety

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Possible Fake Saint Kitts CIP Approval Letters Discovered, Agents Questioned on Discounts

In a story first reported by Caribbean News Now, that same publication claims to be in possession of “a copy of a letter purportedly sent by the Citizenship by Investment Unit (CIU) of St Kitts and Nevis to a local authorised agent. The letter states that “the application via real estate option” in a named

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SEC Charges Couple with $10 Million EB-5 Fraud and Cover-Up

The SEC this week charged California-based lawyer Jean Danhong Chen and her husband Tony Jianyun Ye with raising over US$10 million in undisclosed commissions through the sale of EB-5 securities, as well as for attempting to tamper with evidence after they learned they were under investigation. According to an SEC press release, the couple conspired

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Alleged Drug Lords and Billion-Dollar Fraudsters – The CIP-Country Response

Three purported criminals have made headlines for their reported connections to CIP-countries this week. We’ve summarized the stories. Mehul Choksi – Alleged perpetrator of India’s biggest ever bank-fraud India’s Central Bureau of Investigation wants Antigua & Barbuda’s authorities – who have confirmed that the man is a citizen of and currently present in the country –

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Choksi-Case: India to Request Extradition, Choksi Appeals to High Court to Prevent it

Indian officials have received confirmation from Antigua that Mehul Choksi is in the country and will move to request extradition soon. The Antigua & Barbuda CIU, meanwhile, has issued a press release explaining the due diligence conducted on Mr. Choksi, and what they discovered during the process. For background on the Choksi-case, see Due Diligence Blunder?

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CIUs Can’t be Expected to Reject Applicants Whose Alleged Crimes Are not Yet Known

Opinion of the Editor: The Antigua & Barbuda CIU came under fire this week after revealing they had granted citizenship to a man – wanted by Indian authorities over an alleged fraud case – months before any suspicion was raised. That’s unreasonable. Indian businessman Mehul Choksi stands accused of defrauding the Punjab National Bank of

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Indian Investigators Ask for Choksi’s Whereabouts, Antigua Govt. Will Cooperate “Within the Law”

India’s Central Bureau of Investigation has formally requested that Antiguan authorities account for the whereabouts of Mehul Choksi. Responding to the case, Antigua & Barbuda’s government says it will honor “legitimate requests, within the law” for the man to be returned to India. The Antigua Observer reports that Lionel “Max” Hurst, Chief of Staff with

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Due Diligence Blunder? Indian Billionaire Wanted for $2Bn Fraud Gets Antigua Citizenship

Mehul Choksi, an Indian billionaire diamond-magnate whose passport Indian authorities revoked earlier this year in conjunction with their issuing of an arrest warrant for the man, has obtained a citizenship in Antigua & Barbuda, as confirmed by that country’s Citizenship by Investment Unit (CIU). Choksi – owner of the Gitanjali Group, a jewelry empire with over

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Caution: UK Firm Offering Andorra Passport for €68,000 Delivered in 3 Weeks

Update, July 3rd, 2018:  After several email exchanges, the firm has informed IMI’s editor that they have removed the “programs” in question from their website and explained that their intention was never to propagate inaccurate information but that they were merely taken in by the same email campaign as other service providers, and unwisely passed

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Canada’s Deportation of Chinese Up 700% Since Last Year, Attributed to Massive Visa-Fraud Case

Of the 15,237 individuals slated for deportation from Canada, 2,066 are Chinese nationals. While the number of persons repatriated from Canada this year has fallen to a record low of 7,364, down from nearly 19,000 in 2012, the number of Chinese citizens deported has risen seven-fold since last year, according to a story in 狮城印象. The

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California Lawyer Pleads Guilty to $50M EB-5 Scam Involving 130 Green Cards for Chinese Investors

Victoria Chan, a South El Monte lawyer, on Monday pleaded guilty to money laundering and having run an EB-5 scheme that fraudulently obtained green cards on behalf of some 130 Chinese clients, some of whom were on China’s Most Wanted list, reports the San Gabriel Valley Tribune. The 35-year-old attorney allegedly ran the scam operation

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Alleged Scam Company Announces €25,000 Citizenship by Investment in Georgia

2ndPassports.com, a company Citizenship and Passport Review has long accused of being a “100% confirmed scam and fraud”, has announced a new Georgian Citizenship by Investment program, available from €25,0000, in a press release. “The cost of second citizenship and a new passport can vary from several hundred thousand dollars for Caribbean citizenship to several

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Chartered Investment Migration Practitioner – The IM Industry Needs a CFA-Equivalent

There are too many cowboys in our line of work. They’re playing it fast and loose and we need to rein them in before their cavalier attitudes cause irreparable harm to the whole investment migration industry. Ralph Dahinden recently wrote about the industry’s bad apples. I would add a layer of nuance to that analogy

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Lawyer who fled UK jail-sentence now accused of €6 million Golden Visa fraud in Portugal

A prominent Portuguese lawyer has been arrested by the Judicial Police on suspicions of having defrauded Golden Visa applicants from China, South Africa and Brazil of at least €6 million. 59-year old Maria Antónia Cameira is also accused of forging documents and “good old fashioned money laundering”. According to a report in Algarve Daily News, Cameira would

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