Scott uncomfortable with immunity argument in EB-5 case

Published: Sep. 28, 2017 at 8:55 AM EDT
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Gov. Phil Scott says he has not ruled out the idea of appointing a special prosecutor to investigate state government's role in the alleged Kingdom Con EB-5 fraud.

Speaking Wedesday, the governor said he was uncomfortable with the state's immunity argument in a lawsuit filed by investors against the state. In that lawsuit, investors say the state-run Vermont Regional Center and those who ran it were grossly negligent by enabling the ponzi scheme to take place.

Scott says the state's argument of immunity doesn't inspire faith or trust in government.

Federal immigration officials have said they would like to shut down the Vermont Regional Center, the only state-run EB-5 center in the country. Scott administration officials have argued for a winding down of the program, which still has several development projects in the works.