Officials have declined to discuss questions the federal government is asking about the Vermont EB-5 Regional Center that oversaw projects tied to an alleged “Ponzi-like” scheme.
Pat Moulton, the secretary of commerce and community development, told the Burlington Free Press on Friday that the federal government has questions about the program her agency administers. She is leaving her job Sept. 19 to run Vermont Technical College.
The secretary refused to speak with VTDigger in a follow-up interview. By email she wrote: “I have nothing more to say on this.”
Moulton told the Free Press that U.S. Citizenship and Immigration Services has requested information about the Vermont center, one of nearly 850 regional centers across the country that manage the EB-5 program. Immigrant investors can obtain permanent U.S. residency through the program.
The Vermont Regional Center is responsible for overseeing and marketing EB-5 projects, including the projects at Jay Peak which are now at the center of the biggest alleged fraud case in the history of the national immigrant investor program.