Ariel Quiros

Attorney General TJ Donovan says a lawsuit filed against the state of Vermont, for its alleged role in EB-5 frauds in the Northeast Kingdom, is without merit.
Oliver Parini / VPR file

Attorney General TJ Donovan is asking a judge to dismiss a civil lawsuit that seeks to hold the state of Vermont liable for its failure to stop alleged EB-5 frauds in the Northeast Kingdom.

The Tram Haus Lodge at Jay Peak was one project invested in by foreign investors through the EB-5 program. In an Aug. 14 letter, the federal government said it plans to shut down the "Vermont Regional Center" that oversees the EB-5 program.
Angela Evancie / VPR File

In June, the victims of one of the largest alleged frauds in state history filed a lawsuit against the state of Vermont. Last week, their case might have gotten a boost from an unlikely ally: the federal government.

The Tram Haus Lodge at Jay Peak was one project invested in by foreign investors through the EB-5 program. In an Aug. 14 letter, the federal government said it plans to shut down the "Vermont Regional Center" that oversees the EB-5 program.
Angela Evancie / VPR File

This week marks the one year anniversary of federal and state fraud charges brought against Jay Peak. Now one of the resort’s original investors has added a new twist to the ongoing legal saga: He has filed charges against, Saint-Sauveur Valley Resorts, the owner of Jay Peak’s former parent company, Mont Saint-Sauveur International (MSSI).

The Tram Haus Lodge at Jay Peak was one project invested in by foreign investors through the EB-5 program. In an Aug. 14 letter, the federal government said it plans to shut down the "Vermont Regional Center" that oversees the EB-5 program.
Angela Evancie / VPR File

Earlier this summer VPR reported that state officials received documentation of alleged fraud at Jay Peak Resort in 2014, a year and a half before filing charges against resort owner Ariel Quiros and president Bill Stenger.

The documentation came from an unusual source: one of the foreign investors in an EB-5 project at Jay Peak. He managed to piece together the alleged fraud before the state’s investigation even began.

Angela Evancie / VPR file

Administration officials are saying little about the resignation of the man responsible for promoting EB-5 Immigrant investor Program projects in Vermont.

Vermont Sen. Patrick Leahy says recent federal fraud charges have shaken his confidence in what was once praised as the most successful EB-5 project in Vermont.

Peter Hirschfeld / VPR File

The alleged fraud involving developers in the Northeast Kingdom has put new scrutiny on donations to the Vermont Democratic Party. The party’s three candidates for governor now say the VDP should give up the contributions it received from the man at the center of the scandal.

Courtesy of Vermont Department of Financial Regulation

The bombshell allegations last week surrounding development projects in the Northeast Kingdom point to a $200 hundred million scheme to defraud investors. On the next Vermont Edition, Vermont's top financial regulator Commissioner Susan Donegan explains what happened at Q Burke and Jay Peak ski resorts.