Tony Sutton, the British car dealer who pieced together suspicions about Jay Peak’s immigrant-funded EB-5 developments, says he was disappointed with the state's response to the information he provided to regulators months before they took action.
Sutton is one of 35 immigrants who put $500,000 into Jay Peak in 2009. The investment eventually earned them U.S. residency through the federal EB-5 visa program, and it originally made them partial owners of the resort’s Tram Haus Lodge.
It even came with two weeks free vacation — but Sutton says his work at a car dealership in Florida kept him and his family too busy to ever take that perk.
Then in 2014, everything changed. Sutton still hasn’t visited Vermont — but suddenly it was Jay Peak that commanded his time.
“There would be nights where I’d leave work at 8:00 at night and I’d still be working until 1:00 or 2:00 in the morning on Jay Peak,” Sutton says.
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