After $300M-Plus in Recoveries, Jay Peak Receiver Says Families Are Still in ‘Limbo’

The Daily Business Review recently featured Managing Partner Jeff Schneider, who serves as counsel to court-appointed receiver Michael Goldberg of Akerman LLP, in an article examining the Jay Peak receivership. The Jay Peak matter stems from one of the largest EB-5 fraud cases in the United States. Foreign investors contributed hundreds of millions of dollars to Vermont resort projects that regulators later found involved alleged misuse and commingling of funds. The article notes that the receivership team has recovered more than $300 million through litigation and asset sales and has largely resolved the financial aspects of the case. Read more.