Friday, May 6, 2016

vtdigger.org reports Jay Peak investor files class action lawsuit against Raymond James

vtdigger.org reports Jay Peak investor files class action lawsuit against Raymond James! An investor in a hotel at Jay Peak on Wednesday filed a class action lawsuit against Raymond James Financial in Miami federal court. Alexander Daccache, the plaintiff, alleges that the financial services company “aided and abetted” the developers of Jay Peak Resort in the diversion of $200 million in immigrant investor funds. Daccache, of Brazil, is an investor in the Penthouse Suites project, which is part of the Hotel Jay. He invested $500,000 in the project as part of Vermont’s EB-5 program in August 2010.  Read full report at https://vtdigger.org/

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