Uh oh...Jay Peak owner pulls a fast one on EB-5 investors
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investor
Feds order EB-5 Center terminated immediately
https://vermontbiz.com/news/2018/july/0 ... -286700865" onclick="window.open(this.href);return false;
Lawsuit: Attorneys for EB-5 investors took $5M in kickbacks from Jay Peak
https://vtdigger.org/2018/07/08/lawsuit ... -286700865" onclick="window.open(this.href);return false;
https://vermontbiz.com/news/2018/july/0 ... -286700865" onclick="window.open(this.href);return false;
Lawsuit: Attorneys for EB-5 investors took $5M in kickbacks from Jay Peak
https://vtdigger.org/2018/07/08/lawsuit ... -286700865" onclick="window.open(this.href);return false;
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investor
Settlement reached in State's EB-5 enforcement action.
https://vermontbiz.com/news/2018/july/1 ... -286700865" onclick="window.open(this.href);return false;
https://vermontbiz.com/news/2018/july/1 ... -286700865" onclick="window.open(this.href);return false;
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investor
Interesting that the State got cash out of this when it looks like their people were either complicit in it or looked the other way.Bubba wrote:Settlement reached in State's EB-5 enforcement action.
https://vermontbiz.com/news/2018/july/1 ... -286700865" onclick="window.open(this.href);return false;
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investor
State and investors square off in EB-5 lawsuit.
https://vtdigger.org/2018/08/05/investo ... -286700865" onclick="window.open(this.href);return false;
https://vtdigger.org/2018/08/05/investo ... -286700865" onclick="window.open(this.href);return false;
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"The test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function" =
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"The test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function" =
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investor
Hey Bubba, can you please give us the "Cliff Notes" version - dldrBubba wrote:State and investors square off in EB-5 lawsuit.
https://vtdigger.org/2018/08/05/investo ... -286700865" onclick="window.open(this.href);return false;
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investor
This sums up the essentials:MrsG wrote:Hey Bubba, can you please give us the "Cliff Notes" version - dldrBubba wrote:State and investors square off in EB-5 lawsuit.
https://vtdigger.org/2018/08/05/investo ... -286700865" onclick="window.open(this.href);return false;
A judge has already ruled that the state has immunity....but.....
The state is fighting Barr’s bid to send the case back to the trial court. In April, Carlson sided with lawyers from the Vermont Attorney General’s Office, which argued that the state has absolute immunity from the lawsuit. state is fighting Barr’s bid to send the case back to the trial court. In April, Carlson sided with lawyers from the Vermont Attorney General’s Office, which argued that the state has absolute immunity from the lawsuit. investors accuse state officials of negligence, wholly inadequate oversight and actions that gave the Jay Peak developers the opportunity to bilk more than 800 investors of more than $200 million in EB-5 money from 2008 to 2016.
The fraud occurred under the noses of high level Shumlin administration officials who were warned about financial improprieties as early as 2012. Regional center and commerce agency staff did not take action to stop the fraud. Investors were lured into the scheme as late as March 31, 2016, just two weeks before the Securities and Exchange Commission brought 52 counts of securities fraud against Bill Stenger, the former CEO of Jay Peak, and Ariel Quiros, the former owner of the resort. Both men have since settled with the U.S. Securities and Exchange Commission and settlements with the state are pending a judge’s approval. A criminal investigation is ongoing.
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"The test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function" =
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"The test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function" =
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"There's nothing more frightening than ignorance in action" - Johann Wolfgang von Goethe
Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investor
Much appreciated!!Bubba wrote:This sums up the essentials:MrsG wrote:Hey Bubba, can you please give us the "Cliff Notes" version - dldrBubba wrote:State and investors square off in EB-5 lawsuit.
https://vtdigger.org/2018/08/05/investo ... -286700865" onclick="window.open(this.href);return false;
A judge has already ruled that the state has immunity....but.....
The state is fighting Barr’s bid to send the case back to the trial court. In April, Carlson sided with lawyers from the Vermont Attorney General’s Office, which argued that the state has absolute immunity from the lawsuit. state is fighting Barr’s bid to send the case back to the trial court. In April, Carlson sided with lawyers from the Vermont Attorney General’s Office, which argued that the state has absolute immunity from the lawsuit. investors accuse state officials of negligence, wholly inadequate oversight and actions that gave the Jay Peak developers the opportunity to bilk more than 800 investors of more than $200 million in EB-5 money from 2008 to 2016.
The fraud occurred under the noses of high level Shumlin administration officials who were warned about financial improprieties as early as 2012. Regional center and commerce agency staff did not take action to stop the fraud. Investors were lured into the scheme as late as March 31, 2016, just two weeks before the Securities and Exchange Commission brought 52 counts of securities fraud against Bill Stenger, the former CEO of Jay Peak, and Ariel Quiros, the former owner of the resort. Both men have since settled with the U.S. Securities and Exchange Commission and settlements with the state are pending a judge’s approval. A criminal investigation is ongoing.
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investor
Who's buying Jay Peak?
https://vtskiandride.com/whos-buying-jay-peak/" onclick="window.open(this.href);return false;
https://vtskiandride.com/whos-buying-jay-peak/" onclick="window.open(this.href);return false;
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investor
I think Highway star should. Then he can show Powdr how a ski area in the east SHOULD be run!Bubba wrote:Who's buying Jay Peak?
https://vtskiandride.com/whos-buying-jay-peak/" onclick="window.open(this.href);return false;
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investor
Several people ought to be looking at jail time but probably won't even get charged criminally.
EB-5 chief was repeatedly shut down in efforts to audit Jay Peak
By Anne Galloway
https://vtdigger.org/2018/09/20/eb-5-ch ... -286700865" onclick="window.open(this.href);return false;
EB-5 chief was repeatedly shut down in efforts to audit Jay Peak
By Anne Galloway
https://vtdigger.org/2018/09/20/eb-5-ch ... -286700865" onclick="window.open(this.href);return false;
"Abandon hope all ye who enter here"
Killington Zone
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"The test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function" =
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"There's nothing more frightening than ignorance in action" - Johann Wolfgang von Goethe
Killington Zone
You can checkout any time you like,
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"The test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function" =
F. Scott Fitzgerald
"There's nothing more frightening than ignorance in action" - Johann Wolfgang von Goethe
Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investor
Obviously, this started in the Governor's office yet no one is being held accountable?Bubba wrote:Several people ought to be looking at jail time but probably won't even get charged criminally.
EB-5 chief was repeatedly shut down in efforts to audit Jay Peak
By Anne Galloway
https://vtdigger.org/2018/09/20/eb-5-ch ... -286700865" onclick="window.open(this.href);return false;
You have to ask why not.
Where's the DoJ on this one.
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investor
Beware of fools & trolls here, they lurk everywhere.
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investor
State blocking 3 more top EB-5 officials from answering questions
By Alan J. Keays
Oct 9 2018
https://vtdigger.org/2018/10/09/state-b ... -286700865" onclick="window.open(this.href);return false;
By Alan J. Keays
Oct 9 2018
https://vtdigger.org/2018/10/09/state-b ... -286700865" onclick="window.open(this.href);return false;
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"The test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function" =
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"The test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function" =
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"There's nothing more frightening than ignorance in action" - Johann Wolfgang von Goethe
Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investor
And still there have been no criminal charges against anyone
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investor
Beware of fools & trolls here, they lurk everywhere.