Is Jay Peak worth a fraction of the $282 million of EB-5 capital it raised?

EB-5 News

Date

Aug 21, 2020

Category

Fraud

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The ski resort, developed by fraudster Ariel Qurios, has its current value in contention. Resort management wants to cut its property tax bill and claims the resort is valued at $58.5 million, a figure supported by an appraisal. The town disputes this low number, even though attempts to sell the resort (and recoup some EB-5 investor money) never produced an offer of greater than $70 million. $282 million from 564 investors helped fund the resort. Read the VT Digger story

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