ProPublica, the national investigative news outlet, produces the Breakthrough, a podcast where investigative reporters talk about their biggest stories. On Friday, VTDigger’s Anne Galloway joined the show to discuss her investigation into the multimillion-dollar Northeast Kingdom development that she thought was “too good to be true.”
Host Jessica Huseman writes:
Galloway and her team dug deep, fought multiple legal battles over records and worked to gain the trust of investors losing confidence in the project. They chronicled complaints that this development was starting to feel like a scam, and reported on the cozy relationship Bill Stenger had with state oversight authorities.
Four years and dozens of stories later, the Securities and Exchange Commission announced federal fraud charges against Stenger and Ariel Quiros in what they called a “massive eight-year fraudulent scheme.”
- State of Vermont vs Bill Stenger & Ariel Quiros
- UNITED STATES SECURITIES AND EXCHANGE COMMISSION vs Ariel Quiros & Bill Stenger
Subscribe for News
Join Professionals on EB5Projects.com →
This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.