November 29, 2018
A group of foreign investors on Wednesday voluntarily dismissed a complaint filed in Vermont federal court against People's United Bank claiming they were hurt by a Ponzi scheme in which the bank allegedly misappropriated their funds for the failed Jay Peak Ski Resort project.
September 07, 2018
People's United Bank was hit Friday with a breach of contract suit in Vermont federal court by a proposed class of 836 foreign investors in the failed Jay Peak Ski Resort, claiming they were hurt by a Ponzi scheme revealed by the U.S. Securities and Exchange Commission because the bank misappropriated their funds.