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MONTPELIER – The dream of spectacular economic development in the depressed Northeast Kingdom using money from foreign investors came crashing down Thursday amidst federal fraud allegations. Gov. Peter Shumlin gathered with several of his top officials at the Statehouse to announce state and federal accusations of fraud against Bill Stenger […]

The Securities and Exchange Commission today announced fraud charges and an asset freeze against a Vermont-based ski resort and related businesses allegedly misusing millions of dollars raised through investments solicited under the EB-5 Immigrant Investor Program. The SEC’s case was unsealed today in federal court in Miami, and the court […]