Michael Goldberg, court-appointed receiver in Vermont’s EB-5 investment fraud.
More than 130 EB-5 investors in a proposed $110 million biomedical research facility in Newport later deemed by regulators “nearly a complete fraud” have a choice to make.
But the clock is ticking.
The investors have until Aug. 31 to decide to either get back their $500,000 investment in AnC Bio Vermont, or put the money toward another project approved by a court to raise funds through the federal EB-5 visa program.
That program allows immigrant investors to become eligible for permanent U.S. residency provided their investment of at least $500,000 in a qualified project creates a required numbers of American jobs.
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