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Michael Goldberg, the court-appointed receiver overseeing Burke Mountain Resort, wrote in a recent court filing he’s found a party to serve as an initial bidder on the property and that he hopes to complete the sale later this year.
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An unnamed buyer has submitted a bid for a Northeast Kingdom ski resort caught up in the EB-5 scandal, according to recent court filings.
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The former owner of two Vermont ski resorts was sentenced Friday to five years in prison for his role in a failed plan to build a biotechnology plant using tens of millions of dollars in foreign investors’ money.
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It was a story of massive fraud involving foreign investor money that was supposed to go into hotels, biotech facilities, and other developments across the Northeast Kingdom. Now new reporting from VTDigger claims state officials knew that fraud was afoot, but did nothing to stop it.
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Attorney General TJ Donovan is asking a judge to dismiss a civil lawsuit that seeks to hold the state of Vermont liable for its failure to stop alleged…
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In June, the victims of one of the largest alleged frauds in state history filed a lawsuit against the state of Vermont. Last week, their case might have…
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This week marks the one year anniversary of federal and state fraud charges brought against Jay Peak. Now one of the resort’s original investors has added…
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Earlier this summer VPR reported that state officials received documentation of alleged fraud at Jay Peak Resort in 2014, a year and a half before filing…
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Administration officials are saying little about the resignation of the man responsible for promoting EB-5 Immigrant investor Program projects in…
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Vermont Sen. Patrick Leahy says recent federal fraud charges have shaken his confidence in what was once praised as the most successful EB-5 project in…