Investigation · June 2026
The Unicorn Investigation
India leads NFAP's 2026 list with 96 immigrant-founded US unicorns. We audited all 96: 17 marked down or laying off, 6 zombie valuations, 4 already off the list.
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Investigation · March 30, 2026
The System That Looked Away
Student visa oversight was supposed to stop fraud. 3,281 school audits backlogged, 38% of work permits with no employer on file, 1,135 schools vanished. We pulled the receipts.
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