Michael Goldberg, co-chair of the Fraud & Recovery Practice Group and SEC appointed receiver, reached a $150 million settlement with Raymond James in the case of Jay Peak, the largest fraud scheme in the history of the federal EB-5 Immigrant Investor Visa Program. The settlement was achieved exactly one year from the date the case began and represents the nation’s largest recovery of EB-5 investor losses. The news was widely reported by national and investor media, including ABC News, CFO, FOX News, Law360, NPR and others.

Associated Press: $150 Million Settlement Announced in Ski Resort Fraud Case
CFO: Raymond James to Pay $150M Over Resort Fraud
Daily Business Review: Raymond James to Pay $150M to Settle Jay Peak Investor Claims
Financial Planning: Raymond James Pays $150M to Settle Ski Resort Lawsuit Alleging Fraud
General Counsel News: Jay Peak Resort Receiver Reaches $150 Million Settlement with Raymond James
Law360: Jay Peak Receiver Eyes Changes To EB-5’s Fraud Provisions
NPR: Raymond James Settles For $145.5 Million with Jay Peak Receiver
OnWallSt.: Raymond James Pays $150M to Settle Ski Resort Lawsuit Alleging Fraud
Tampa Bay Business Journal: Raymond James Agrees to Multimillion-dollar Settlement in Vermont Ski Resort Suits