John Leung was arrested in 2009 for fraud and embezzlement.        

John梁由于诈骗和贪污（挪用）已于2009逮捕      

艾尔蒙特市原先聘用了Transit Village LLC开发商（简称TV, LLC）, 目的是改造公交车站周边65英亩的区域，并将其升级改造为号称价值10亿美金的混合使用设施。艾尔蒙特市在获得美国移民局的批准信之后就想通过EB-5投资者签证计划项目来筹集资金。这个项目从2008年开始的经济蓝图已经概述了这个城市具体规划。

Unfortunately, things turned sour quickly. In 2009, TV, LLC executives John Leung and Jean Lang were arrested for alleged fraud and embezzlement. No charges were ever filed, but the two are still under investigation by the FBI.

不幸的是，事情很快变得很糟糕。早在2009年，Transit Village 开发商的公司高管John梁和Jean朗就已涉嫌诈骗和贪污被逮捕。该案件现在还没提起控告，但是美国联邦调查局已经就针对这个案件开始调查这两人。

As for the city, it no longer wanted anything to do with TV, LLC and selected a different developer. But TV, LLC wasn't through with El Monte. Alleging that the city violated its contract when it selected the new developer, the company is suing El Monte for $18 million. Not only that, but TV, LLC's new owner, Bang Zhao Lin, still wants to develop Transit Village, and his attorney, Ben Reznik, says the company still has the rights to do so.

对于这个城市来说，它已经不需要再让TV，LLC开发商继续做这个项目，并且已经重新选择了另外的开发商。但是TV，LLC开发商并没有和艾尔蒙特市政府断绝关系。开发商还宣称艾尔蒙特市政府重新选择新的开发商就已经违反了合同，因此还提出了1800万美元的赔偿要求来起诉艾尔蒙特市政府。不仅如此，TV，LLC开发商的新主人Bang Zhao Lin却仍然想继续开展Transit Village这个公司，而他的律师Ben Reznik也仍然宣称这个公司现在也仍然还有权利这样去做项目。

With new investment from Lin, Reznik told the San Gabriel Valley Tribunelast January, it's definitely possible for the company to proceed with the development as planned. In March, Lin met with El Monte Mayor Andre Quintero. Although relations appear amiable, there are still several stumbling blocks both sides must overcome – in particular the lawsuit, which is still underway seven months after this video was shot.

随着Lin(TV,LLC新主人)开发了新的投资项目，他的律师Reznik在去年一月份的时候就对San Gabriel Valley论坛报说过，他们公司绝对还有可能会根据先前的发展计划继续开展项目。三月份的时候，Lin(TV,LLC新主人)会见了艾尔蒙特市市长安德烈.金特罗。尽管他们的关系有所缓和，但他们双方仍需克服许多的绊脚石，尤其是诉讼问题，现如今已近进行了七个月。

It's also worth noting that TV, LLC filed for bankruptcy in the wake of its legal proceedings, another issue that Lin's company, Cross Oceans Holdings, is currently dealing with. Bart Doyle, whose name once appeared as the operator of El Monte Regional Center on the USCIS Website, has said he'll almost certainly need a different developer at the helm if the effort to secure funding from foreign national investors is to continue. He needs someone "with enough cash to pay of TV, LLC's debt," according to the Tribune.

还需要特别值得注意的是TV，LLC开发商现在正申请破产法律保护程序，Lin(TV,LLC新主人)也在处理他的另一个公司Cross Oceans Holdings（控股公司）的诉讼问题。Bart Doyle（巴特多伊尔）这个人的名字曾今出现在艾尔蒙特市区域中心在美国移民局官网的网站上，他几乎很肯定地说他现在需要一个不一样的开发商来掌控外国投资者的资金以确保他们的资金安全。他还需要有人用“足够的资金来偿还TV，LLC的债务”，据论坛报报道。

“我们要建立一个围绕交通枢纽的中心点。这里的概念就是集住宅，娱乐，零售及露天广场为一体中转站，并且这些场所相互间只有步行的距离”

---- John梁，Titan Group President (截自2003年的San Gabriel Valley论坛报的报道)

But for EB-5 investors, it gets even worse.

但是对于投资者来说，现在这件事情似乎已经变得更糟了

Despite multiple arrests, bankruptcy proceedings, a multi-million dollar lawsuit, and an FBI probe, the Pasadena Star-News reports that the El Monte Regional Center continued to promotethis project to prospective investors in China and Korea.

尽管开发商现在正被一系列事件弄的焦头烂额，包括逮捕事件，申请破产法律保护程序，耗资数百万美元的诉讼，以及联办调查局的调查，可是最近Pasadena星报却有报道说艾尔蒙特市区域中心现在还在继续向中国和韩国的投资者推广他们的项目。

Some have even alleged that the developer was involved in another EB-5-related swindle in San Bruno, California. A number of Chinese citizens are suing a group of individuals who allegedly defrauded them out of a $3 million investment in a Chinese restaurant – an investment the accusers made in order to obtain EB-5 visas.

据传这个开发商还涉嫌卷入了一个在加州圣布鲁诺市的另一个有关EB-5项目的诈骗事件。现在有一大批的中国公民现正起诉他们涉嫌骗取300万美元用于投资一家中国餐馆，而这些控告者也都是为了获得EB5签证而去做的项目投资。

Not only were the investors' petitions denied, but the lawsuit claims that several of the accused are now in hiding. One of the defendants named in the suit is Jenny Pei Lin, an executive at Bang Zhao Lin's company, Cross Oceans Holdings.

现在不仅所有投资人的绿卡申请被拒绝，并且在这场诉讼中的有很多被告现如今也都藏匿了起来。其中有一个被告的名叫Jenny Pei Lin，是Bang Zhao Lin的公司,Cross Oceans Holdings的高管。（注: Cross Oceans Holdings也是TV，LLC开发商旗下的！！！）

The consequences of not performing due diligence 项目没有做仔细调查的系列结果

Had the investors in El Monte Regional Center done due diligence on the project in which they were investing, they might have considered alternatives. Even excluding a thorough financial analysis from a trained and certified investment advisor, an investigation into the El Monte Transit Village project would have revealed that:

如果在艾尔蒙特市区域中心的投资者对他们所投资的项目做了一些仔细的调查，或许他们也还选择会考虑其他的备选投资方案。即便没有从一些专业的受过培训的投资顾问那里获得全面的财务分析，而通过对艾尔蒙特市区域中心项目的调查也可以揭露出以下要点：

The developers had been accused of committing felonies and at one point were placed under arrest.

开发商被控违法并且当时就已经有人被逮捕

The developer had filed for bankruptcy.

开发商已经申请破产

 The U.S. Department of Housing and Urban Development was investigating the possible misuse of HUD money associated with the development.

美国住房和城市发展部(HUD)现正调查有关HUD的资金可能已经被滥用的问题。

Bang Zhao Lin, who purchased the project's original developer, had never developed property in the U.S. and had zero real estate experience in markets outside of Asia.

这个项目是Bang Zhao Lin从原先开发商手中购买的，他自己本身没有在美国本土开发过任何房地产项目，并且他在亚洲以外的市场房地产开发经验是完全为零。

The developer had accused the city of violating its contract and was suing the city for $18 million it claimed it had lost.

开发商还控告市政府违法合同，并起诉要求赔偿1800万美元的损失

The city had chosen a different developer and scaled down the project significantly – actions that could make the project subject to material change issues.

市政府选择了另外的开发商并且项目的比例也有了显著的减小，这也直接影响到项目所使用原材料也会有大幅度的缩减（注：影响就业率的可能）

The developer was using the regional center's name to market the project to overseas investors in spite of the fact that the city had chosen another developer.

开发商还对海外的投资人谎称一直还使用该区域中心的名字，而真正的事实是市政府早已更换另外的开发商。

Two former executives at the developer were under FBI investigation.

开发商的两任前高管都正被美国联邦调查局调查

The developer, which had been effectively fired by the city, was continuing to use the city's logo in its marketing materials, presumably to lend more legitimacy to its efforts.

开发商在被市政府解雇的情况下还一直使用该城市的标志来做市场营销计划，这大概也是为了试图增添更多的“合法性”。

An executive with the developer had been named as a defendant in another EB-5-related lawsuit in which investors were allegedly swindled.

在另外的EB-5诈骗案件中，该开发商的有一位高管已经被起诉。

Aside from the more unusual aspects of El Monte's story – lawsuits, FBI involvement, regional center termination – it's a classic case of an EB-5 project that was a bad deal for investors and an embarrassment to well-intentioned city officials. Despite assurances that the project would create jobs and provide a gateway to permanent U.S. residency for EB-5 visa immigrant investors, the El Monte project created no jobs. Instead, its investors lost money – lots of it. And they certainly won't be getting green cards.

诉讼，联邦调查局的介入，区域中心的终止-- 这些都是发生在埃尔蒙特区域中心不寻常事件，而这个EB-5项目已经成为投资者心目中的经典失败案例，也造成了那些所谓“用心良苦”城市官员的尴尬。尽管这个项目当时保证会创造就业机会，为EB-5投资者提供了获取美国永久居留权的途径。但事实却是相反的，投资者不但损失了所有钱，而且他们也肯定不可能再获得绿卡。