EB-5 foreign investor money was misspent, investors were misled by Stenger and Quiros, says SEC. Assets frozen. Court places Vermont resorts in receivership.
Jay Peak has long been loved for its above-average snowfall. Now a blizzard of foreign capital has transformed it into a four-season wonderland. And the bottom line? Jobs where they’re needed most.
A Jay Peak skier is tough, as impervious to cold as a Spartan to pain. Vermonters want their kids to grow up skiing here because afterwards, any other mountain is cake.