EB-5 Archives - VTDigger


Moulton named president of Vermont Technical College

The former secretary of the state commerce agency was one of three finalists.

UPDATED: Scott releases plan for ‘expedited’ records disclosure in alleged Jay Peak fraud

Documents will be made public as the discovery phase of the state’s court case moves forward.

Mount Snow to split with state, plans EB-5-fueled expansion

The Dover resort is planning a $40 million EB-5 offering with up to 900 new residential units. Company officials intend to split off from the Vermont EB-5 Regional Center and start their own EB-5 center.

Insurer says Quiros owes the company, not other way around

The Jay Peak owner is suing the insurer to cover his legal bills in the face of fraud allegations. But the company says Quiros should pay its cost of fighting the coverage request.

Scott releases EB-5 records; Feds threatened to shut down state program

U.S. Citizenship and Immigration Services demanded answers from the state about oversight of the Jay Peak projects.

More EB-5 investors allege fraud, sending claims above $30M

“Another lawyer has about 30 people, and that lawyer contacted me and asked to join this case,” said an attorney for Chinese investors. “This is a lawyer who had not filed anything yet …”

Resorts’ late tax payments arrive in Jay, Burke

“What it means is we don’t have to go out and secure a loan,” said a town official in Jay.

Some AnCBio investors to recoup nearly $18M

The investors who are covered put in money after March 2015, when the state added a new escrow requirement.

VTDigger gets more information on redacted EB-5 documents, drops lawsuit

Galloway says, “We believe the state is using the ‘relevant’ litigation exemption as a shield to prevent the public from understanding why officials failed to provide adequate oversight of the Jay Peak Projects.”

Parent company touts rebound at Mount Snow

Missouri-based Peak Resorts is citing increases in skier visits and season pass sales, along with expected spring construction at the Dover resort.

Quiros EB-5 fraud trial set for September 2018

The federal judge’s one-paragraph order doesn’t say why it will be so long before the trial starts.

SEC: Penalties against corporations would hurt EB-5 victims

Federal regulators have dropped their claims against a slew of entities that received money raised through the EB-5 program, saying such penalties would lessen the amount defrauded investors might recoup.

Judge: Quiros can sell condo, but won’t get the money

The funds will go into a trust account held by a court-appointed receiver.

Don Keelan: Casualties of the Shumlin administration

2016 was not a banner year for state officials charged with watching out for the welfare of its citizens and citizens-to-be.