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The EB-5 Scandal One Year On

Tony Sutton, an EB-5 investor, is suing the State of Vermont for being complicit in multi-million-dollar fraud allegedly perpetrated by those in charge of Jay Peak.
Lisa Rathke
/
AP
A year ago this week, the EB-5 scandal erupted in the Northeast Kingdom. We're talking about the latest developments.

A year ago this week, a wide-reaching scandal was revealed in the Northeast Kingdom surrounding the federal EB-5 program. That damage from the alleged fraud is still unfolding, and new developments continue to surface, including a new lawsuit filed against Jay Peak's former parent company.

We're checking in on the latest, and looking ahead to what's next for the affected areas.

Related stories:

We're joined by investigative reporter Hilary Niles, who has been covering the EB-5 story. Also by Michael Pieciak, commissioner of the Vermont Department of Financial Regulation. And by David White, president of White and Burke, a commercial real estate brokerage, development, and consulting firm.

Broadcast live on Tuesday, April 11, 2017 at noon; rebroadcast at 7 p.m.

Jane Lindholm is the host, executive producer and creator of But Why: A Podcast For Curious Kids. In addition to her work on our international kids show, she produces special projects for Vermont Public. Until March 2021, she was host and editor of the award-winning Vermont Public program Vermont Edition.
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