Jay Peak’s receivership expenses now exceed $8 million; pandemic is delaying the sale of the ski resort

  • Written by Posted on July 9, 2020 | Updated on July 9, 2020 | 1 min read

The biggest fraud in EB-5 history has a big clean-up cost; since receiver Michael Goldberg began overseeing the properties in April 2016, his expenses and fees have reached $8,380,099. Goldberg also states in his last fee request that the pandemic is delaying the sale of the ski resort; sale proceeds — estimated to be a fraction of the initial investment capital — will return some money to over 800 defrauded investors.

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