Rich immigrant investors hit mountain of fraud in Vermont resort project
July 28, 2016
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14:26Watch Newt Gingrich's full speech at the Republican National Convention
7:37Now PlayingRich immigrant investors hit mountain of fraud in Vermont resort project
YouTube Description
as posted by the channelA project to turn a depressed Vermont ski slope into a bustling year-round resort has become a cautionary tale for foreign investors hoping to get U.S. green cards through the EB-5 cash-for-visas program. Economics correspondent Paul Solman reports on charges of massive fraud filed by the SEC against the developers of Jay Peak, who allegedly misused $200 million in investments.
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