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Bingqing Yang describes herself as having "sponsored the first Asia America female Congressman Dr. Judy Chu to successfully run for the Congressman." She also has contributed often to Judy Chu's campaign, Judy Chu for Congress. After Ms. Yang was charged, Judy Chu for Congress returned her most recent contribution of $5500.
Part of the alleged scheme was tied to the federal EB-5 immigrant visa investor program, according to the SEC. From 2011 to 2014, the commission said, Yang targeted Chinese citizens who wanted to obtain green cards through the EB-5 program, ultimately raising $8 million from EB-5 investors (Chinese immigrants seeking a special visa that let's them obtain a green card for making $500,000-$1,000,000 investments).
In a recent interview, Judy Chu stated that she became interested in the EB-5 program when she was elected to Congress in 2009 and that she wanted to make the program permanent (link).
US Immigration began making a number of changes to the program in hopes of increasing the number of applicants. By the end of 2011, more than 3,800 EB-5 applications had been filed, compared to fewer than 800 applications in 2007. In 2014, the program reached maximum capacity (link).
Judy Chu's husband, Mike Eng is an immigration attorney who provides assistance with EB-5 Visas (link).
SEC Press Release (link):
(Mod: This information was provided for the discerning local political wonk in all of us by the Mike Sweeney for Congress campaign. And yes, Judy Chu supports the 710 Tunnel. All who do shall face the wrath of my bombast.)
And then there is this next story we'd like to share with you.
Mod: For the rest of the article clickhere.
Beers, Steers, and Republicans?
Mod: It doesn't make them bad people. Link here.
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