Rich immigrant investors hit mountain of fraud in Vermont resort project.




PBS NewsHour - Making Sen$e show

Summary: A project to turn a depressed Vermont ski slope into a bustling year-round resort has become a cautionary tale for foreign investors hoping to get U.S. green cards through the EB-5 cash-for-visas program. Economics correspondent Paul Solman reports on charges of massive fraud filed by the SEC against the developers of Jay Peak, who allegedly misused $200 million in investments.