The receiver for Jay Peak Resort says he is hiring a Washington attorney to lobby Congress. Michael Goldberg, the court-appointed receiver for the Securities and Exchange Commission, wants to change federal EB-5 laws in an effort to obtain permanent green cards for defrauded investors in Jay Peak projects.
The EB-5 program is set to expire at the end of September and while several members of Congress have threatened to eliminate the program, others including Sen. Patrick Leahy, D-Vt., have said they want to revamp EB-5 and create more safeguards against fraud.
Goldberg says the immigration status of Jay Peak investors has been jeopardized through no fault of their own, and he has pressed federal immigration officials to provide relief to the victims of the fraud. That attempt failed.
Now he hopes to make changes in the federal statute that would allow the defrauded investors to obtain permanent residency, according to an interim report he filed earlier this month with the Miami federal court. The report was made available to the public on Friday.
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