VPR Header
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
VPR News

An $84 Million Settlement And The Latest On The Northeast Kingdom EB-5 Fraud Case

Ariel Quiros, seen far left at a 2015 press conference, used the EB-5 program to defraud foreign investors. Attorney General TJ Donovan announced Thursday that he'll pay $2 million to settle civil charges filed by the state in 2016.
Vermont Business Magazine
/
Alleged EB-5 fraudsters Ariel Quiros (left) and Bill Stenger (at podium) have settled a federal lawsuit.

In the ongoing fallout from what prosecutors have called a "Ponzi-like scheme" in the Northeast Kingdom, alleged perpetrator Ariel Quiros has agreed to a settlement with the Securities and Exchange Commission.

Anne Galloway, founder and editor at the news website VTDigger, has been following this story from the very beginning. She joined Vermont Edition for an update on the most recent developments.

Broadcast on Wednesday, Feb. 7, 2018 at noon; rebroadcast at 7 p.m.

Related Content