November 15, 2016 | Daily Business Review
In Miami, More Investors Sue Businessman in Vermont Fraud CaseA group of Chinese investors has filed a lawsuit against a businessman accused of massive fraud involving foreign investors' money in northern Vermont developments.
By Lisa Rathke, Associated Press
5 minute read
May 06, 2016 | Daily Business Review
Foreign Investors in Fizzled Development Tied to South Florida Man at Wit's EndForeigners who had been banking on their investments in a biomedical research facility and a hotel and rental cottage project in northern Vermont to get green cards are scrambling to find a backup now that the project's developers are accused of misusing hundreds of millions of dollars of investors' money in what investigators called a "massive eight-year fraud scheme."
By Lisa Rathke, Associated Press
5 minute read
April 27, 2016 | Daily Business Review
Vermont Ski Resort Could Be Forced to Close Amid Fraud ProbeA federal receiver appointed to oversee two Vermont ski resorts amid allegations of massive fraud says Jay Peak could close and Q Burke Mountain may not open without additional money.
By Lisa Rathke, Associated Press
5 minute read
April 21, 2016 | Daily Business Review
Massive Fraud Claims, With Miami Developer Entangled, Reverberate in Remote Area of VermontSweeping development plans for a remote area of northern Vermont, a biomedical research plant, a hotel and conference center, an airport runway extension and big upgrades at two ski areas, brought the promise of jobs to a region that has some of the highest unemployment rates in the state.
By Lisa Rathke, Associated Press
11 minute read
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