A receiver overseeing two ski resorts at the center of a fraud investigation says a $13.3 million settlement with Citibank will subsidize operations at one of the resorts and a newly opened hotel at the other and pay contractors and vendors.
September 08, 2016 at 02:00 AM
1 minute read
A receiver overseeing two ski resorts at the center of a fraud investigation says a $13.3 million settlement with Citibank will subsidize operations at one of the resorts and a newly opened hotel at the other and pay contractors and vendors.
A federal judge in Florida must approve the settlement. An approval hearing is scheduled for Oct. 20 in Miami.
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