EB-5

A federal judge still needs to sign off on the payment amounts for the settlement, which Vermont officials announced in July.

A proposed global settlement would resolve more than 30 pending lawsuits against the state of Vermont, and bar any future litigation related to the EB-5 scandal. A federal court still needs to sign off on the deal.

The state of Vermont has agreed to pay $16.5 million to settle all pending lawsuits — and potential lawsuits — related to the EB-5 scandal.

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.

After more than six years in receivership, Jay Peak ski resort will have a new owner. A federal judge in Florida on Friday approved the $76 million sale of Jay Peak ski resort to Pacific Group Resorts, Inc. (PGRI).

Host Connor Cyrus speaks with reporter Liam Elder-Connors about the EB-5 fraud that put ski resort Jay Peak up for auction. He also talks with resort president Steven Wright about what the sale means for the hundreds of workers at the resort.

A ski resort conglomerate based in Utah is in line to buy Jay Peak Resort for $76 million after submitting the highest bid in an auction Wednesday. The sale to Pacific Group Resorts, Inc. (PGRI) is pending approval by a federal judge in Florida.

Pacific Group Resorts is offering $58 million for Jay Peak ski resort. The company, which is based in Park City, Utah, operates five other ski resorts, including Powderhorn Mountain Resort in Colorado and Ragged Mountain in New Hampshire.

The U.S Attorney for the District of Vermont has dismissed fraud charges against Alex Choi, the fourth man indicted over a scheme to build a biotech facility in Newport.

This hour, host Mikaela Lefrak talks with VPR reporter Liam Elder-Connors about his exclusive interview with Bill Stenger before Stenger goes to prison on a federal charge related to the EB-5 fraud.