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The small Mediterranean island nation of Cyprus has given citizenship and passports to more than 3,000 foreigners who agreed to invest at least $2 million in the country — a “golden passport” that allowed the holders to travel visa-free throughout the European Union.
But this week Cyprus announced that it was ending the initiative after an undercover investigation by journalists appeared to show two lawmakers helping to arrange a passport for a fictitious businessman, despite being told he had a criminal record.
One of those lawmakers, Demetris Syllouris, the president of Parliament and the country’s second-most powerful official, resigned on

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