Stowe, Vermont
125 Mountain Road
802.253.6272
125 Mountain Road
802.253.6272
New York, New York
100 Park Avenue, Suite 1600
212.486.3910
100 Park Avenue, Suite 1600
212.486.3910
By the end of 2014, there was a growing recognition inside Vermont state government that the sprawling Northeast Kingdom Economic Development Initiative was a scam, and rumors to that effect were spreading among immigrant investors around the world. Then-Gov. Peter Shumlin had hoped to allay the fears of prospective foreign investors in the state-run EB-5 visa program, which funneled money to the development projects, by bringing in securities regulators to oversee them.
