The Hotel Jay was the signature project of the Jay Peak Resort expansion that used EB-5 immigrant investor money.
The former developers of Jay Peak Resort gave $5 million in kickbacks to more than 100 immigration attorneys, according to a lawsuit pending in federal court.
Bill Stenger, the former CEO of Jay Peak, gave immigration lawyers a $25,000 payment for every foreign investor they brought into the Northeast Kingdom EB-5 program. Stenger asked lawyers to sign a “legal fee agreement” for the payments.
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