What Do Children and Shrimp Have in Common? Think Mamtek.
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| The Chinese are farming American children and shrimp. |
Missourians may remember the debacle known as Mamtek, the investment scheme that blew up for Moberly Missouri citizens. Bruce Cole, an American investor from California, swooped into the small rural town and charmed Missouri Department of Development staff and Moberly city officials to invest in his business venture involving significant overseas investments. Chinese investors were taking advantage of EB-5 investment program designed by the US government designed to spur American employment. From businessweek.com:
The 21-year-old initiative makes 10,000 green cards available to foreigners who invest a minimum of $500,000 in U.S. companies that create or preserve at least 10 jobs in the