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Receiver ‘hopeful’ for Jay Peak sale in 2020, but warns of ‘significant loss’ for investors

Viji Durga  October 17, 2019   comments   Fraud

EB-5 Visa, EB5 Visa, EB5 Investments

A view up the mountain from the Hotel Jay at Jay Peak Resort this past summer. 

The court-appointed receiver overseeing the sale of Jay Peak Resort as it emerges from an investor fraud scandal says he’s “hopeful” a buyer will be found by summer 2020.

However, the receiver added in a filing Thursday, those foreign EB-5 investors who put money into a series of upgrades at the resort over a nearly 10-year span and haven’t yet been paid back shouldn’t expect to recoup all the money they put in.

Source: https://vtdigger.org/2019/10/17/receiver-hopeful-for-jay-peak-sale-in-2020-but-warns-of-significant-loss-for-investors/

Read more by clicking below image 

 

EB-5 Visa, EB5 Visa, EB-5 Investment

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