The EB-5 scandal in Vermont made its way to federal court in Miami this week, as Ariel Quiros' lawyers made the case that he should be allowed to continue operating his businesses.
In the hearing, the Securities and Exchange Commission detailed the alleged scheme and how they say Quiros and Bill Stenger mismanaged $200 million of investor funding. Quiros is also accused of pocketing $50 million meant for projects in the Northeast Kingdom.
Our Cat Viglienzoni spoke with Curt Anderson, a legal affairs writer for The Associated Press who has been following the case in Florida.
Reporter Cat Viglienzoni: What case did his lawyer make that they should not need a receiver?
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