Like Elsa, the Princess in Disney’s classic Frozen, once again the Securities and Exchange Commission (SEC) has utilized its power to freeze. In this case, the freezing of assets. In what has become an increasingly common tactic, the SEC succe...
Investors are suing the state of Vermont for what they call failed oversight, collusion with Jay Peak Resort management and an eventual cover-up by officials who were supposed to keep tabs on a the EB-5 project. The state denies wrongdoing. ...
A De Pere businessman who defrauded a local bank has reached a plea agreement with federal prosecutors. A federal grand jury indicted Ron Van Den Heuvel on 19 counts, alleging that he took part in a scheme to defraud Horicon Bank. As part o...
Gov. Phil Scott should appoint a special prosecutor for the EB-5 fraud in the Northeast Kingdom involving Jay Peak and projects in Newport. Federal investigators and the court system are already going after the owners/developer at Jay Peak,...
Mike Pieciak, commissioner of the Department of Financial Regulation. Vermont officials are asking the federal government to reconsider a decision to immediately shutter the state-run EB-5 regional center. The Department of Financial Reg...