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Vermont will pay $16.5M to settle lawsuits by foreign investors in fraudulent ski developments

Por: ABC News Business July 06, 2023

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The state of Vermont has agreed to pay $16.5 million to settle all pending and potential lawsuits from foreign investors in development projects at the Jay Peak resort, the ski area that was shaken by a massive fraud case involving its former owner and president, officials said Wednesday. In 2016, the federal Securities and Exchange Commission and the state alleged that former Jay Peak owner Ariel Quiros and former president William Stenger took... + full article



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