Friday, August 18, 2017

Receiver’s offer to AnC Bio investors: $500,000 refunds or ‘redeploy’ it

(Source: VTdigger.org) More than 130 EB-5 investors in a proposed $110 million biomedical research facility in Newport later deemed by regulators “nearly a complete fraud” have a choice to make. But the clock is ticking.

The investors have until Aug. 31 to decide to either get back their $500,000 investment in AnC Bio Vermont, or put the money toward another project approved by a court to raise funds through the federal EB-5 visa program. Read more at https://vtdigger.org/