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Old August 30th 16, 11:23 PM posted to rec.skiing.alpine
Richard Henry
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Default Jay and Burke in trouble?

Perhaps appropriately and inadvertently honoring Gene Wilder's role in The Producers, one of the alleged EB5 frauds pulled off at Jay Peak was selling the construction of the new Hotel Jay in the base area, and then selling the 5th floor suites again to another group of investors after the initial investment came up short. This was disclosed during auditors' examination of the Jay and Burke books.

Meanwhile, over at Burke, the big new base lodge/hotel that was the center of one of the crises before the feds took over (the proprietors were behind in paying the contractor, so he refused to certify the work was finished), will have a big opening party next weekend.

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