Vermont, home of EB-5’s largest fraud ever, welcomes new reform bill

  • Written by GCBI Team Posted on March 25, 2021 | Updated on April 5, 2021 | 1 min read

Senator Leahy, a co-sponsor of the EB-5 Reform and Integrity Act of 2021, represents the state of Vermont, the home of the Northwest Kingdom scandals. A major allegation against fraud mastermind Ariel Quiros was that massive amounts of investor capital never made it to the Vermont projects they were meant for; the Reform Act would give the Department of Homeland Security greater ability to ensure investor funds are not commingled, and that regional centers must comply with regulations.

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