The SEC's investigation and action against the Intercontinental Regional Center Trust of Chicago (IRCTC) has been widely reported by mainstream media and social media in China. News stories are spreaded overnight on major online media and Chinese newspapers. Chinese media also reached out to SEC for further comments. Though it is Chinese New Year holiday season, Chinese emigration brokers that promoted and marketed the Chicago project are panic and busy to remove the project information off their websites. Some are trying to reach US attorneys for assistance. Leading emigration service agency Worldway Group issued an official statement that the firm terminated its marketing agreement with IRCTC after a due diligence study last year and did not send any investors to the project. Because of holiday season, we do not know how Chinese investors are responding to the news, but certainly they would wonder when the investment capital will be returned back to them. It is expected that many emigration agencies will drop EB-5 program for good to avoid risk. To learn if your Chinese EB-5 broker/agent has involved in marketing IRCTC project, contact us today at info@ArtisanBusinessGroup.com.
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