Uh oh...Jay Peak owner pulls a fast one on EB-5 investors

[ME2VTSkier]

I'll most definitely have this on my mind when I ride the tram this winter, I wonder how safe it really is.

Probably safer than the Spruce Peak Triple would have been...

[SnoBrdr]

I'll most definitely have this on my mind when I ride the tram this winter, I wonder how safe it really is.

Probably safer than the Spruce Peak Triple would have been...

So does that mean it's safe.

Or just safer than the other that you think is bad?

[rogman]

I'll most definitely have this on my mind when I ride the tram this winter, I wonder how safe it really is.

Probably safer than the Spruce Peak Triple would have been...

So does that mean it's safe.

Or just safer than the other that you think is bad?

Spruce Peak lift safe. That good enough?

[Bubba]

Jay Peak receiver hires attorney to lobby Congress for EB-5 changes
Aug. 15, 2016 by Anne Galloway

http://vtdigger.org/2016/08/15/jay-peak ... -286323177" onclick="window.open(this.href);return false;

Key excerpt:

The receiver for Jay Peak Resort says he is hiring a Washington attorney to lobby Congress. Michael Goldberg, the court-appointed receiver for the Securities and Exchange Commission, wants to change federal EB-5 laws in an effort to obtain permanent green cards for defrauded investors in Jay Peak projects.

The EB-5 program is set to expire at the end of September and while several members of Congress have threatened to eliminate the program, others including Sen. Patrick Leahy, D-Vt., have said they want to revamp EB-5 and create more safeguards against fraud.

Goldberg says the immigration status of Jay Peak investors has been jeopardized through no fault of their own, and he has pressed federal immigration officials to provide relief to the victims of the fraud. That attempt failed.

Now he hopes to make changes in the federal statute that would allow the defrauded investors to obtain permanent residency, according to an interim report he filed earlier this month with the Miami federal court. The report was made available to the public on Friday.

[steamboat1]

Jay Peak receiver hires attorney to lobby Congress for EB-5 changes
Aug. 15, 2016 by Anne Galloway

http://vtdigger.org/2016/08/15/jay-peak ... -286323177" onclick="window.open(this.href);return false;

Key excerpt:

The receiver for Jay Peak Resort says he is hiring a Washington attorney to lobby Congress. Michael Goldberg, the court-appointed receiver for the Securities and Exchange Commission, wants to change federal EB-5 laws in an effort to obtain permanent green cards for defrauded investors in Jay Peak projects.

The EB-5 program is set to expire at the end of September and while several members of Congress have threatened to eliminate the program, others including Sen. Patrick Leahy, D-Vt., have said they want to revamp EB-5 and create more safeguards against fraud.

Goldberg says the immigration status of Jay Peak investors has been jeopardized through no fault of their own, and he has pressed federal immigration officials to provide relief to the victims of the fraud. That attempt failed.

Now he hopes to make changes in the federal statute that would allow the defrauded investors to obtain permanent residency, according to an interim report he filed earlier this month with the Miami federal court. The report was made available to the public on Friday.

Lots of information about the whole scandal in that article.

[SnoBrdr]

http://www.wcax.com/story/32948241/burk ... ain-unpaid

[SnoBrdr]

http://www.wcax.com/story/32968802/sten ... -the-works

[ME2VTSkier]

Stenger gone...

http://www.newenglandskiindustry.com/vi ... toryid=476

[Bubba]

Receiver rebuffs $93 million offer for Jay Peak
Aug. 23, 2016,

http://vtdigger.org/2016/08/23/receiver ... -286323177" onclick="window.open(this.href);return false;


EB-5 delay forces Mount Snow parent company into stock sale
Aug. 24, 2016

http://vtdigger.org/2016/08/24/eb-5-del ... -286323177" onclick="window.open(this.href);return false;

EB-5 investor says Jay Peak developers double-sold Hotel Jay
Aug. 29, 2016

http://vtdigger.org/2016/08/29/eb-5-inv ... -286323177" onclick="window.open(this.href);return false;

Jay Peak receiver reaches $13.3M settlement with Citibank
Aug. 31, 2016

http://vtdigger.org/2016/08/31/jay-peak ... -286323177" onclick="window.open(this.href);return false;

[yiddle on da fiddle]

Receiver rebuffs $93 million offer for Jay Peak
Aug. 23, 2016,

http://vtdigger.org/2016/08/23/receiver ... -286323177" onclick="window.open(this.href);return false;


EB-5 delay forces Mount Snow parent company into stock sale
Aug. 24, 2016

http://vtdigger.org/2016/08/24/eb-5-del ... -286323177" onclick="window.open(this.href);return false;

EB-5 investor says Jay Peak developers double-sold Hotel Jay
Aug. 29, 2016

http://vtdigger.org/2016/08/29/eb-5-inv ... -286323177" onclick="window.open(this.href);return false;

Jay Peak receiver reaches $13.3M settlement with Citibank
Aug. 31, 2016

http://vtdigger.org/2016/08/31/jay-peak ... -286323177" onclick="window.open(this.href);return false;

....If anyone a few years back had theorized that such a chain of events could/would ( ever) occur?....they'd have been laughed out of the room. Greed. Abject , unadulterated GREED.

[steamboat1]

Meet The London Car Dealer Who Broke The Jay Peak EB-5 Fraud Case


http://digital.vpr.net/post/meet-london ... 3#stream/0

[yiddle on da fiddle]

Meet The London Car Dealer Who Broke The Jay Peak EB-5 Fraud Case


http://digital.vpr.net/post/meet-london ... 3#stream/0

...Man makes a SOLID case....begs the question...why havent others opened their mouths to be heard?....he's CERTAINLY not the only one to have been....victimized....

[SnoBrdr]

Meet The London Car Dealer Who Broke The Jay Peak EB-5 Fraud Case


http://digital.vpr.net/post/meet-london ... 3#stream/0

...Man makes a SOLID case....begs the question...why havent others opened their mouths to be heard?....he's CERTAINLY not the only one to have been....victimized....

This should be national news but if the press refuses to pick it up, it basically stays a very local story.

[Bubba]

Meet The London Car Dealer Who Broke The Jay Peak EB-5 Fraud Case


http://digital.vpr.net/post/meet-london ... 3#stream/0

...Man makes a SOLID case....begs the question...why havent others opened their mouths to be heard?....he's CERTAINLY not the only one to have been....victimized....

This should be national news but if the press refuses to pick it up, it basically stays a very local story.

You mean it's not even Foxworthy?

[madhatter]

no eb-5, no eb-5 fraud, simple solution....