Will the Rocky Mount City Council tap EB-5 funding to finance the “proposed” event center?

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EB-5 funding is back in the news.  Recently, we linked to Fortune magazines article on EB-5 funding and now ABC News has exposed pitfalls of EB-5 funding.  ABC News titled this Whistleblowers: US Gave Visas to Suspected Forgers, Fraudsters, Criminals By BRIAN ROSS and MATTHEW MOSK.

Is it a fluke that two news sources expose EB-5 funding problems?  Should the Rocky Mount City Council continue down this road?  If you have questions if this true read the financing presentation and feasibility study report.

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