Two EB-5 investors are alleging that a Canadian company “aided and abetted” the alleged fraud at Jay Peak Resort.
The investors are suing Saint Sauveur Valley Resorts Inc. for knowingly accepting $15 million in EB-5 monies as payment for Jay Peak in 2008.
Tony Sutton, an investor in Tram Haus Lodge, and an anonymous investor in Hotel Jay say that the Canadian company had knowledge of the fraud scheme and illegally accepted monies held in escrow for investors as payment for the resort in June 2008.
The two investors, through their Boston attorney, Keith Miller, are alleging that Saint Sauveur committed five securities law violations.
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