Receiver settles with lawyers in EB-5 fraud case
Modified: 12/31/2020 8:08:40 PM
After nearly three years of legal wrangling, 23 foreign investors in the scandal-plagued Jay Peak projects have settled with their former immigration attorneys, Carroll & Scribner, according to an agreement provided by the parties.
The immigrant investors sued Ed Carroll and Mark Scribner, claiming the two attorneys gave the developers of Jay Peak the legal tools to hoodwink them.
The Burlington-based firm had a built-in conflict of interest: Carroll & Scribner served both as corporate attorneys for Jay Peak and as immigration attorneys for the investors.
In a lawsuit filed in 2018, investors alleged negligence, breach of contract and breach of fiduciary duty.