The U.S. Attorney’s Office in Vermont has dropped its charges against Jong Weon Choi, also known as Alex Choi, the South Korean man whom officials have called a “hidden partner” in the largest fraud case in the Green Mountain State’s history.

Choi has been on the lam since 2019, when he and three other men were indicted in federal court in Vermont on criminal charges related to AnC Bio Vermont, a proposed biomedical center in Newport that never got off the ground.

More than $90 million was raised for the development from over 160 foreign investors through the federal government’s EB-5 visa program. But the project was “nearly a complete fraud,” the U.S. Securities and Exchange Commission said. […]

US attorney drops charges against fourth defendant in EB-5 scandal — VTDigger