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Receiver Can Reinvest Funds From Fraud-Wracked EB-5 Deal

Law360 (February 8, 2018, 1:56 PM EST) -- A Florida federal judge has agreed to allow the court-appointed receiver for the failed Jay Peak EB-5 investment project to sink up to $67 million of immigrant investors’ money into a New York-based project that could give investors a chance to still get their green cards.

U.S. District Judge Darrin P. Gayles signed off Tuesday on the request by Michael Goldberg, the receiver for the failed $350 million Vermont ski project, to funnel a portion of a $150 million settlement secured last year from Raymond James...
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