What about an EB-5 visa? Isn't that somewhat similar? This doesn't directly buy a US passport, but it does allow for citizenship within a few years (and then, by extension, an American passport).
Wasn't there that guy convicted in NS recently convicted of facilitated PRs staying outside Canada? As a Bayesian, that makes me think it is pretty widespread.
http://www.immigration.ca/en/immigration-wiki2/151-updates/7...