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Jay Peak, site of biggest EB-5 fraud ever, finally sold — for $76 million

A Utah resort group has won the auction to buy the ski resort that was the center of the biggest EB-5 fraud of all time. It remains to be seen how much the defrauded investors will receive but Jay Peak raised $350 million of EB-5 investorcapital with $200 million being misused on unrelated projects and the developer’s personal expenses.

See the VTDigger article.

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