Sunday, September 3, 2017
Is there a future for EB-5 investment in Vermont?
(Source: Burlington Free Press) One way or another, Vermont is closing its EB-5 Regional Center after 20 years, following one of the biggest fraud investigations in the federal program's history. Jay Peak partners Ariel Quiros and Bill Stenger are accused by the U.S. Securities and Exchange Commission and the state of misusing $200 million of foreign investors' money. Both the state and U.S. Citizenship and Immigration Services, which oversees the EB-5 program, agree the Regional Center's days are numbered. Whether those days are few, or many, is up for debate. Read more at http://www.burlingtonfreepress.com/