US agency decision revives Vermont foreign investor center

MONTPELIER, Vt. (AP) - The state of Vermont has won an appeal with U.S. Citizenship and Immigration Services that allows the continued operation of the state office that manages foreign business investment through a federal program that grants U.S. residency to people who help create jobs.

The ruling, which the state announced Friday, helps protect the interests of hundreds of foreign investors who sought permanent residency when they invested in the Jay Peak ski resort and other projects through the EB-5 foreign investor visa program.

Under the federal EB-5 program, if investors each put up at least $500,000 and the money helps create jobs it can lead to permanent U.S. residency for the investors. 

Related Stories:

Auditor’s report takes aim at Vermont EB-5 Center’s conflicted role in Kingdom Con

High court says lawsuit can proceed for failed oversight in Kingdom Con case

Quiros to withdraw not guilty pleas in Kingdom Con case

Judge rejects effort to move Kingdom Con trial

Leahy: Criminal case in EB-5 scandal ‘very appropriate’

Kingdom Con defendants want trial moved; point to news coverage

Stenger joins Quiros in Kingdom Con venue change request

Mastermind of alleged Kingdom Con wants trial moved

Vermont officials still working with defrauded EB-5 investors

EB-5 investors win Vt. Supreme Court appeal

Feds uphold decision to close Vermont’s EB-5 center

Kingdom Con: Criminal charges filed in largest fraud in Vermont history

Vermont releases documents related to EB-5 Kingdom Con

Did Shumlin officials intentionally ignore Kingdom Con warning signs?

Feds, Vermont at odds over shutting down state’s EB-5 office

Vt. judge orders freeze of Quiros’ assets

Is the state of Vermont responsible for the alleged Kingdom Con?

Shumlin stayed in Quiros’ NYC luxury condo

Quiros ordered to pay millions for alleged Kingdom Con

Proposed settlement for Quiros in Kingdom Con case

Can the state and some employees be sued over the Kingdom Con?

Scott uncomfortable with immunity argument in EB-5 case

Vt. officials argue for gradual winding down of EB-5 center

(Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.)