On the eve of her departure from the Agency of Commerce and Community Development next month, Secretary Pat Moulton acknowledged the federal agency in charge of the EB-5 program is questioning Vermont's EB-5 Regional Center regarding Jay Peak and another project.
U.S. Citizenship and Immigration Services sent the so-called Request for Information to the Commerce Department in July. The state agency has until the end of August to answer the federal agency's questions, Moulton said. The Burlington Free Press made a public records request to Moulton for the federal document on Thursday.
The response from the Vermont Regional Center is being formulated without the help of its former director, Gene Fullam, who resigned abruptly July 20 after just more than a year on the job. Moulton said she couldn't talk about the reasons for Fullam's departure because it is a personnel matter. Fullam also declined to comment, and the state has not released his resignation letter.
Moulton, who is leaving to become interim president of Vermont Technical College on Sept. 19, said the federal inquiry includes "lots of specific questions" about where the money went at Jay Peak, and the status of the foreign investors in the various Jay Peak EB-5 projects
"Right now we're trying to figure out what we can say, given pending litigation, since we don't have all the answers to their questions in some cases," Moulton said. "We're working on that as we speak."