Feds Order Shut Down Of Vermont Immigrant Investor Center

MONTPELIER, Vt. (AP) — U.S. Citizenship and Immigration Services has ordered Vermont to close its immigrant investor regional center following alleged fraud at Jay Peak ski resort involving millions of dollars. The state plans to appeal the decision. While the state agrees with closing the center, the governor's administration thinks the best way is to wind down the operations gradually to protect investors and jobs, state officials said Monday. There are currently about 900 approved regional centers aimed at helping foreigners obtain permanent residency by investing in job-creating developments in the U.S.

Topics:  montpelier   vt ap     u.s citizenship   immigration services   vermont   jay peak   newsok   u.s    eb-5   order   center   immigrant investor   state   involving   fraud   program   visa   regional   

 

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