Receiver Seeks To Reinvest Cash From Jay Peak EB-5 Project
The court-appointed receiver for an EB-5 project that went down in flames and was sued for fraud by the U.S. Securities and Exchange Commission in Florida federal court believes he has found a New York-based project he could sink up to $67 million into, giving investors a chance to still get their green cards.
The receiver, Michael Goldberg, requested Tuesday that the Southern District of Florida allow him to funnel a portion of a $150 million settlement secured last year from Raymond James & Associates Inc.
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