Vermont Governor Opposed To Receiver In Ski Resort Fraud

Oct 26, 2017

Vermont Governor Phil Scott says he's opposed to the idea of having a receiver appointed to run the Vermont regional center that helps foreign investors get U.S. residency in exchange for investments in job-creating economic development projects.

The Republican governor made the comments Thursday after the attorney for five investors in the troubled Vermont EB-5 investment program said he had asked a court to appoint a receiver to protect his clients.

Attorney Russell Barr said Thursday he would like to see a lawsuit he has filed certified as a class action, which would potentially represent all the EB-5 investors. The lawsuit accuses the regional EB-5 center of essentially being partners in fraud with the Jay Peak ski area.

Vermont wants the case dismissed, claiming its employees should be immune from the lawsuit that stems from the misuse of $200 million raised through the visa program.

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