Law Firm That Advised Quiros on EB-5 Projects to Pay $32.5 Million Settlement
By
Kevin McCallum
Posted on
June 4, 2021 at 6:29PM
“The fraud in the Northeast Kingdom caused significant harm to the investors and the community and today’s settlement is another big step forward toward healing and financial restitution,” Michael Pieciak, the commissioner of the Vermont Department of Financial Regulation, said in a statement. The news follows a guilty plea on Wednesday by William Kelly, a key adviser to Quiros, for his role in defrauding investors in a promised biotechnology facility in Newport, known as AnC Vermont.