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/