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July 11, 2018

Vermont ordered to close EB-5 center

MONTPELIER, Vt. (AP) — U.S. Citizenship and Immigration Services has ordered Vermont to close its immigrant investor regional center following the alleged fraud at Jay Peak ski resort involving millions of dollars from the investor program.

The state plans to appeal the decision. Officials say while the state agrees with eventually closing the center, it thinks the best way is to wind down the operations and then close it to protect investors and possible jobs.

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