Virginia town dreamt of renewal, partly with EB-5 money: now $21 mill

The quiet Washington town of Front Royal pinned hopes of a redevelopment project on a promise of $40 million of EB-5 money and $140 million from a supposed federal contract. A civil lawsuit claims that the lead players had no intention of building the project and stole millions to buy properties, pay off debts, and for other personal uses. 14 current and former officials are also implicated.

Front Royal, 70 miles outside of Washington, had high hopes that its economy, once decimated by the closure of a local rayon-manufacturing plant, would be revived.

Source: https://greencardbyinvestment.com/virginia-town-eb5-fraud-sherrif-suicide/