A New York resident accused of running a $30 million green card scam and selling access to U.S. politicians pleaded guilty July 30.
Sherry Xue Li, 53, a China-born, naturalized U.S. citizen and resident of Oyster Bay, admitted to defrauding more than 150 people who invested more than $31.5 million in her fake development project, the U.S. Attorney’s Office in Brooklyn said.
The investors, many of whom were Chinese nationals, were promised either green cards through the EB-5 investment visa program or investment returns. None of the investors in Li’s project, the Thompson Education Center (TEC), received a temporary or permanent green card….