The organizations are filing a suit over blocked state documents relating to the Jay Peak and Northeast Kingdom EB-5 scandal that saw over 800 investors defrauded — despite state oversight, and the endorsement of former Governor Peter Shumlin. The blocked documents would uncover why the Jay Peak developers were still signing up new investors for projects despite concern about fraud arising in 2012.See the Vermont Business Magazine story
Date
Nov 14th, 2020
Comments
To leave comments you must Register first
Related Articles
Legal Drama
Read
Jay Peak, site of biggest EB-5 fraud ever, finally sold — for $76 million
Fraud
Read
Jay Peak’s Stenger starts prison term, says he regrets not paying more attention to EB-5 fraud
Fraud
Read
Quiros, Jay Peak EB-5 fraud mastermind, sentenced to 5 years for biomedical ‘ghost’ project
Fraud
Read
Unsealed records: Vermont State knew of rampant EB-5 fraud one year before stopping Jay Peak and other projects
General
Read
Former Jay Peak president alleges state of Vermont complicit in Jay Peak fraud, asks judge to release sealed records
Fraud
Read
USCIS reverses decision to shut down Vermont EB-5 Regional Center — Green Card hopes for defrauded Jay Peak investors?
Fraud
Read
Jay Peak receiver settles for $1.75 million with bank accused of aiding historic EB-5 fraud
Fraud
Read
Quirios’ legal team, accused of aiding Jay Peak EB-5 fraud, agrees to $32.5 million settlement with receiver
News organization, Cornell Law School & ACLU take state of Vermont to court over blocked EB-5 records
Stay informed about EB-5 news.
Recently added articles
View All Articles
Processing Times
Read
Q4 FY 2023 EB-5 data is good news for the industry: new filings and processing totals continue to rise
Processing Times
Read
Investor group meets a second time with CIS Ombudsman’s Office to discuss more fair EB-5 policies and processing
Processing Times
Read