FRAUGHT WITH RISK The U.S.’s EB-5 program has been heavily criticized by government watchdogs and targeted by lawmakers of both parties in Congress, who say it promotes fraud and helps developers building megaprojects more than struggling communities. Sen. Dianne Feinstein, a California Democrat who has introduced legislation to end the program, has called EB-5 a “Ponzi scheme.” Her Republican counterpart, Sen. Charles Grassley of Iowa, has said EB-5 “poses significant national security risks” and “may be facilitating terrorist travel, economic espionage, money laundering and investment fraud.”