In the past few days, news reports indicate that Tony Rodham, Secretary Clinton’s brother and CEO of Gulf Coast Management Funds, is at the center of a Department of Homeland Security Inspector General investigation into EB-5 visas given out to Chinese foreign investors that potentially pose a risk to U.S. national security.
According to a classified memo obtained by Sen. Chuck Grassley, Clinton’s State Department participated in an interagency investigation of the EB-5 program that was ordered by “National Security Staff.”
An internal USCIS email dated March 12, 2013 notes that the “GreenTech Regional Center” administered by Gulf Coast Funds Management had 21 pending EB-5 visa applications, all placed on a “a fraud/national security hold.”
Zhenjun Zhang, a Vice President with Huawei Technologies, a company long-suspected of engaging in Chinese espionage, applied for an EB-5 visa through Gulf Coast Funds Management.
Yet when reviewing EB-5 applications from Gulf Coast Funds, USCIS employees noted the company was “well connected,” citing “the principal is the brother of former First Lady and Senator and current secretary of State Hillary Rodham Clinton.”