The financial investment firm claims it is entitled to 75% of the money based on the terms of its earlier agreement with the court-appointed receiver, Michael Goldberg.
Raymond James battles Jay Peak receiver over millions he ‘desperately’ needs
Tag: EB-5
Settlement deal in EB-5 kickback case may hinge on laying blame on state
Under the deal, the immigration attorney would have to sign a statement saying he relied on the state’s purported oversight of the scandal-plagued developments for ensuring no wrongdoing.
Receiver settles $8M case with lawyers close to Stenger in EB-5 fraud case
Ed Carroll and Mark Scribner simultaneously represented the interests of the Jay Peak corporation and immigrants seeking green cards. The attorneys allegedly aided Bill Stenger in duping investors.
Quiros, facing prison time in EB-5 fraud case, seeks OK to move to Puerto Rico
The former Jay Peak owner, who has pleaded guilty to criminal charges and faces up to eight years in jail, also wants his passport back to conduct international business.
VTDigger brings lawsuit over state’s latest denial of EB-5 records
The news organization is seeking documents related to the operations of the state-run EB-5 Regional Center to find out why state officials didn’t act sooner to protect investors from fraud from now criminally indicted Jay Peak developers.
Stenger, Quiros courtroom clash looms in EB-5 criminal fraud case
The two former business partners appear headed for a confrontation over who should shoulder the blame for a $100 million biomedical research facility in Newport that regulators called ‘nearly a complete fraud.’
EB-5 kickback lawsuit back on track for trial as another case faces hurdles
Two separate lawsuits tied to the Jay Peak investor fraud scandal had hearings Wednesday in federal court in Vermont, the first proceedings in months because of the pandemic.
Auditor issues interim EB-5 report; deeper probe into state’s role in scandal paused
The 32-page document released Tuesday reveals little new, providing mostly background on the state’s EB-5 program as larger questions over how the state allowed the largest fraud in Vermont’s history to occur remain.
Quiros admits to federal crimes in EB-5 fraud
Quiros entered three guilty pleas Friday to charges stemming from a collapsed plan to build a $110M biomedical research facility in Newport.
EB-5 fraud trial moved back; Stenger’s lawyers push to grill Quiros
A trial initially set for October of this year is now scheduled for April 2021 as attorneys cited the Covid-19 pandemic for the latest change due to the difficulty the virus currently creates in holding jury trials.
Quiros set to enter guilty pleas Friday in EB-5 fraud case, faces up to 8 years
The former Jay Peak owner will not be sentenced Friday when he is expected to change his plea. Instead, that hearing will be set for a later date, with federal prosecutors agreeing to seek a sentence of no more than 97 months behind bars.
Quiros, cooperating with prosecutors, expects to plead guilty in EB-5 fraud case
The terms of the resolution of the criminal charges against Jay Peak’s former owner were not revealed during a hearing Friday when his attorney told a judge his client is working along with prosecutors and is planning a plea.
Jay Peak receiver’s bill for EB-5 cleanup now tops $8M
The latest fee and expense request from Michael Goldberg is $707,874 for a six-month span, bringing the total fees and expenses since taking the post of receiver in April 2016 to $8,380,099.
Jay Peak sale process ‘ground to a halt’ due to Covid-19 pandemic
No bids have yet been submitted for the Northeast Kingdom ski area, which has been on the market since early 2019.