United States

Vermont Governor, Attorney General Make Visa Investor Announcement

Vacation Week JayPeak1

Republican Gov. Phil Scott and Democratic Attorney General T.J. Donovan will make an announcement about the state's troubled immigrant investor program.

The announcement will come Thursday in Newport, a town left with a large unfinished development after alleged fraud was uncovered in the program.

The U.S. Citizenship and Immigration Services ordered that the state close its regional center following alleged fraud at the Jay Peak ski resort. State officials plan to appeal the decision in order to gradually wind down the program, but agree that the center should be closed.

Jay Peak owner Ariel Quiros and former Jay president William Stenger were accused in 2016 of misusing more than $200 million raised from foreign investors through the EB-5 visa program for developments at or near the resort.

Copyright AP - Associated Press
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