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, but the Vermont Attorney General’s office argues that the state government — which was complicit in the fraud by failing to oversee the projects, failing to question the finances, failing to investigate whistleblower tips — should be immune from prosecution. As columnist Tom Evslin of Stowe has suggested, the state needs to investigate itself.
In fact, the state tried to sweep the EB-5 scandal under the rug. Were it not for VTDigger’s dogged journalism, it might have succeeded.
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