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Pa. Turnpike to sell U.S. citizenship to Chinese

Insiders "will collect sizable commissions and fees," writes Paul Nussbaum

by Joseph N. DiStefano
May 9, 2013
"To help pay for the construction of the long-awaited connection between the Pennsylvania Turnpike and I-95, turnpike officials plan to borrow $200 million from wealthy foreign investors," writes my colleauge Paul Nussbaum in this Philadelphia Inqurier story. If you're not a subscriber, promotion code R55T will get you into the story this week.

"The investors, expected to be primarily from China, could get green cards for themselves and their families to live in the United States in exchange for their money. The complex deal is being brokered by officers of a prominent and politically connected Philadelphia investment management company."

Pending federal approval, "the turnpike will get cheap money. The investors and their families will get a quick path to legal residence in the United States. The brokers will collect sizable commissions and fees."
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May 9, 2013
Joseph N. DiStefano
Always asking on behalf of the people. Always Local. Always Philly.