The court-appointed receiver overseeing the Jay Peak ski resort since April 2016 plans to distribute $60 million of the $76 million sale proceeds to 529 foreign investors defrauded in the largest EB-5 fraud ever. The payout amounts to about $113,421 per eligible investor, or about 22% of their original $500,000 investment, not including administration fees. Investors could potentially receive additional payments from future settlements and restitution. Federal authorities say the developers misappropriated about $200 million of the $350 million of investor capital.
See the VTDigger story