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And I have actually been honored to fulfill them and honored to welcome them. Chairman Leahy. As my last question, in some of the testament this morning there has actually been a pointer that, of course, simply with all the hundreds of billions, trillions of bucks prepared to invest, you ought to just go someplace else.

Stenger. I would inform you that in this environment the capacity to increase resources for the important things we are doing would have-- it is impossible to do so in a way that would certainly permit us as efficiently and as swiftly create the points we have actually done. You can borrow cash if you have actually got 50 percent down.

I might have obtained half of that if I had the $12 million in cash to place up. Everyone understands that, yes, banks have cash to funding as long as you have got fifty percent of it in your pocket before you ask for the other half. That is not just how business works these days.

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You are speaking from a real-world experience, not from a brain trust experience. I will certainly leave that simply as a gratuitous remark from the Chairman. Senator Grassley. Legislator Grassley. Thanks. I want to be liable in this issue of undocumented workers. I wish to confess that we just have anecdotal details, but I would certainly like to ask you to what degree you need to go or do go to make certain that the centers see to it that the financial investments do not produce work for people right here unlawfully.

Mr. Stenger. We have employed-- as I stated, at the Height we had 550 building employees on our task.

They are made up of 10, 15, 20, 30 employees. They are benefiting straight from the financial investment. I understand the employees, I recognize their family members, and we have actually been able to utilize-- through these last 3 years of dreadful financial turmoil, we have been able to use practically every building worker in our area and the surrounding areas.

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residents. They live in the location. Their families are there. They are bought the neighborhoods, and Extra resources they are all U.S. employees. Senator Grassley. You do not need to make use of e-verify, but I would love to understand whether or not you do. Mr. Stenger. We do. Legislator Grassley. You do.

Thank you. Mr. North, along the exact same lines of the question I asked him, has your research revealed examples various other-- and I only provided one instance, so I want to admit that and be liable regarding it-- of facilities hiring undocumented individuals? Mr. North. That type of data is really hard to obtain from USCIS, and I must state that what we do recognize about a lot of the internal things concerning that firm regarding this program is concerned associates with situations in which the team has actually claimed no to an application of some kind and after that the local facility or the specific entrepreneur has mosted likely to the Administrative Appeals Workplace-- which YOURURL.com becomes part of the agency-- and there we get papers, we obtain a hearing police officer informing us what is taking place in that particular case.



This is a negative see application." So there is an amount of negative applications out there, however just once that procedure obtains prior to a management legislation court do we see much in the way of information. Currently, there was one situation that you discussed, and allow me simply elaborate on that a little.

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

Okay. I am mosting likely to ask different inquiries of each of the 3 of you, yet it takes care of this concern. As I said in my opening statement, I am concerned about the potential technicality that enables financiers to withdraw their investment in regional facilities after obtaining their environment-friendly card.

Mr. Divine. I would claim that most of the capitalists, if you asked them what are their goals, they would state, "I want to obtain an eco-friendly card, and I want to maintain it.

Mr. Divine. Allow me ask Mr. Stenger, is it typical for an investor in your experience to withdraw his or her investment instantly after receiving an environment-friendly card? Mr.

Senator, legislator.

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