The Week in EB-5

August 24, 2017

Since 2014, VTDigger has investigated allegations of fraud at Jay Peak Resort and related developments in the Northeast Kingdom. This week, we reported on two new steps towards the resolution of this case.

On Monday, Governor Phil Scott announced that US Citizenship and Immigration Services intended to shut down Vermont’s EB-5 regional center, which was charged with overseeing the developments. On Tuesday, we found out that Ariel Quiros had agreed to drop his challenge to the fraud allegations and negotiate a partial settlement with the SEC.

On this week's podcast, VTDigger’s Anne Galloway joins Mike Smith on WDEV Radio’s Open Mike to talk about the regional center's closure, Quiros' settlement, and another recent interview that goes behind the scenes of her years-long investigation.