Khizr Khan, the Muslim Gold Star father of Captain Humayun Khan, set off a media firestorm at the DNC last week when he criticized Trump for his "unconstitutional" policies aimed at banning Muslim immigration to the United States. A question posed by Breitbart is whether Khizr Khan's law firm, KM Khan Law Office, actually derives profit directly from Muslim immigration to the United States making him more than just an innocent conscientiousness objector to Trump's policy?
Breitbart suggests that Khan did, in fact, stand to profit from his viewpoints shared at the DNC and point to his website bio which lists "EB-5 Investments & Related Immigration Services" as a specific area of practice. Oddly enough, since these reports have surfaced the website of Mr. Khan's law office has been taken down. Luckily, prior versions of the website are available on the wayback machine which can be seen here:
Why would Khan remove his website over such a discovery? Perhaps it's related to the fact that the EB-5 program has come under intense scrutiny from certain members of Congress, the SEC, Homeland Security and the NSA. Senator Chuck Grassley recently described the program as "riddled with flaws and corruption." Below are some relevant excerpts from Senator Grassley's prepared remarks at the Judiciary Committee Hearing on February 2, 2016 regarding EB-5:
It is widely acknowledged that the EB-5 program is riddled with flaws and corruption. Maybe it is only here on Capitol Hill—on this island surrounded by reality—that we can choose to plug our ears and refuse to listen to commonly accepted facts. The Government Accountability Office, the media, industry experts, members of congress, and federal agency officials, have concurred that the program is a serious problem with serious vulnerabilities.
There are also classified reports that detail the national security, fraud and abuse. Our committee has received numerous briefings and classified documents to show this side of the story.
The enforcement arm of the Department of Homeland Security wrote an internal memo that raises significant concerns about the program. One section of the memo outlines concerns that it could be used by Iranian operatives to infiltrate the United States. The memo identifies seven main areas of program vulnerability, including the export of sensitive technology, economic espionage, use by foreign government agents and terrorists, investment fraud, illicit finance and money laundering.
An interagency working group was organized by the National Security Staff because of the serious concerns. This group’s draft memo said, “The capital raising activities inherent in the regional center model raise concerns about investor fraud and other conduct that may violate US securities laws.”
More information about the EB-5 Immigrant Investor Program can be found on the Department of Homeland Security website.
While it's unclear how this saga will play out, one thing we're pretty sure of is that we'll see a couple more days of related headlines before we finally get to put this to bed.
Senator Grassley's full comments can be viewed below: