Comprehensive Real-Time News Feed for Stowe, VT.
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MONTPELIER, Vermont - Foreigners who had been banking on their investments in a biomedical research facility and a hotel and rental cottage project in northern Vermont to get green cards are scrambling to find a backup now that the project's developers are accused of misusing hundreds of millions of dollars of investors' money in what investigators called a "massive eight-year fraud scheme." Wei Wang and his wife, who are from Beijing and living in Houston after graduate school, had hoped their investment of more than a half-million dollars would lead them down the road to starting a restaurant. Comment?
The founder of Burton Snowboards has pledged to donate more than $100,000 to rebuild a historic stone cabin on Vermont's highest mountain after his sons caused an accidental fire that gutted the building. The 1936 stone hut on Mount Mansfield in Stowe is owned by the state, rented out in winter by lottery and accessible by a chairlift at Stowe Mountain Resort. Comment?
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