Jay Peak

The owner of a Vermont ski resort accused of massive fraud involving foreign investors' money will not contest U.S. Securities and Exchange Commission charges against him.

The U.S. Citizenship And Immigration Services has notified Vermont officials that it intends to close the state's EB-5 immigrant investor regional center. It comes following millions of dollars in alleged fraud at Jay Peak Ski Resort involving the program — and as the state issues a report recommending the office be gradually closed.

Contractors and vendors owed millions of dollars after the owner and president of a Vermont ski resort were accused of massive fraud will soon see their bills paid.

Governor Phil Scott
Governor-elect's transition office

Vermont Republican Governor Phil Scott says his administration is planning to accelerate the release of documents related to a visa program connected to a massive fraud case against the owner and former president of the Jay Peak ski resort.

Jay Peak Resort
Ski Vermont

Seven months after the Securities and Exchange Commission accused Jay Peak's owner and president of massive fraud, the ski resort is set to open for the season on Saturday with the federal receiver overseeing it saying there is a $6.5 million shortfall.

A federal judge has ruled that up to $1.5 million of a settlement reached with a financial firm in a fraud investigation of two Vermont ski resorts will be loaned to a federal receivership so the properties can meet payroll.

A Miami businessman is asking a federal judge to allow him to resume operating projects in Vermont that a U.S. Securities and Exchange Commission lawsuit claims are fraudulent.

Q Burke logo
Q Burke Resort

One of two businessmen accused in what the Securities and Exchange Commission calls a "massive eight-year fraud scheme" involving developments in Vermont says he's confident he'll be cleared of any wrongdoing.

Wikimedia Commons/Public Domain

A ski area in northern Vermont and several other points around the country want more officers at border crossings and customs terminals — and they're willing to pay for it.