Jay Peak sale delayed indefinitely due to pandemic

  • Written by Posted on June 4, 2020 | Updated on June 4, 2020 | 5 min read

The receiver in charge of the ski resort and other assets wrote in a recent court filing that the sales process of the resort has “ground to a halt” due to the health crisis. Proceeds from the eventual sale should help investors recover some of their capital that was misappropriated in the biggest EB-5 fraud ever. The filing indicates no bids have been submitted to date.

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