Data reviewed by the agency showed that roughly 96,000 people submitted multiple visa applications through the same companies, accounting for 408,000 entries. While it isn’t illegal for a foreign worker to have several companies submit the H1-B application, the company is required to confirm they have a job in place for the candidate.Donald Trump
changed the H1-B application process which required companies to submit voluminous applications, explain how the employee qualified for the visa, and pay thousands of dollars in application fees. Under the new rules, applicants only need to pay a $10 fee to submit their name to the registration.
According to the WSJ, the government isn’t naming the companies at this point as the investigation is ongoing. But people familiar with the situation told the outlet that the companies are smaller and aren’t household names.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Layoff tracker: Mass layoffs by tech companies big and small hit the Bay AreaLyft, Electronic Arts, Meta, Zoom, Ebay, Paypal, Alphabet, Salesforce, Stripe. Here's an overview of Bay Area tech companies that have recently executed a mass layoff.
Source: abc7newsbayarea - 🏆 529. / 51 Read more »
Tech earnings calls show mega-cap companies going big on A.I. as they cut costs elsewhereIn their calls with analysts this week, Alphabet, Microsoft, Amazon and Meta emphasized their hefty investments in large language models.
Source: CNBC - 🏆 12. / 72 Read more »
Fremont tech company owner pleads guilty in multi-million dollar tax fraud schemeThe owner of a tech company based in Fremont pleaded guilty to crimes related to a scheme to underreport his income by millions of dollars, according to federal prosecutors.
Source: KPIXtv - 🏆 443. / 53 Read more »
Fremont Tech Company Owner Pleads Guilty in Multi-Million Dollar Tax SchemeThe owner of a tech company based in Fremont pleaded guilty to crimes related to a scheme to underreport his income by millions of dollars, according to federal prosecutors.
Source: nbcbayarea - 🏆 596. / 51 Read more »
How Midsize Companies Can Access Capital in Turbulent TimesFor the past year or more, all kinds of economic warning signs have been flashing for business leaders — rising interest rates, falling stock prices, the growing risk of recession. In times like these, cash is king. You might need it to protect yourself in a storm; or, you might want cash because you have a chance to play offense. But how will you line up those funds? Investments in middle market companies from private equity firms has drifted downward over the past 10 years while lending to middle market companies has fallen nearly 60% over the past year. What’s more, you cannot rely on commercial banks for your lending needs the way you probably used to do. Under the current circumstances, getting a good deal on new capital is not going to be like it was during the past “cheap money” environment. This article offers advice for mid-market companies trying to raise capital in uncertain times.
Source: HarvardBiz - 🏆 310. / 63 Read more »
Timeshares and timeshare exit companies cause headaches for consumers trying to get out of contractsWe all love vacations and tropical destinations, but before you commit to a timeshare or hire a timeshare exit company, the BBB has a warning.
Source: ABC7Chicago - 🏆 284. / 63 Read more »