The US Securities and Exchange Commission (SEC) has charged a California-based immigration attorney and her husband in a fraudulent scheme that generated millions of dollars of undisclosed compensation from foreign investors seeking permanent US residency through the EB-5 Immigrant Investor Programme. 

This follows in the wake of the OECD’s criticism of citizenship and residence by investor schemes, which was released earlier this week.

The SEC alleged that Jean Danhong Chen, her law offices, and Tony Jianyun Ye, with the assistance of...