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Jay Peak is under investigation as the latest EB-5 fraud in Vermont. The EB-5 Program (or Immigrant Investor Program) encourages entrepreneurs to become permanent residents by investing in U.S. The annual cap of 10,000 was first reached in August 2013, thereby extending the queue to two or three years. This […]

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 […]