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Daccache v. Raymond James Financial, Inc. et al

  1. May 16, 2018

    EB-5 Investor Suit Against Jay Peak Owner Dismissed

    A Florida federal judge dismissed an investor class suit against Jay Peak ski resort owner Ariel Quiros over his alleged role in a $350 million EB-5 visa fraud suit, ruling that the investors don't have standing to bring the claims, which he said would allow them to "double dip" on recoveries.

  2. January 16, 2018

    Jay Peak Investor Suit Stayed Pending Related Settlements

    A Florida federal judge on Tuesday stayed an investor class suit against Jay Peak ski resort owner Ariel Quiros over his alleged role in a $350 million EB-5 visa fraud suit, as Quiros' attorneys indicated two pending related settlements could impact the suit.

  3. April 13, 2017

    Raymond James To Pay Investors $150M Over Jay Peak Fraud

    Raymond James & Associates Inc. announced a $150 million settlement agreement Thursday in a suit accusing two Vermont ski resorts of misappropriating the bulk of $350 million obtained through the EB-5 immigrant investor program, a deal the parties said would facilitate project completion or the return of funds.

  4. December 09, 2016

    Raymond James Blasts Atty For Needing 'Tutorial' In EB-5 Suit

    Raymond James & Associates told a Florida federal judge Thursday that it opposed a motion to compel documents in a $400 million investor EB-5 visa lawsuit accusing Vermont ski resorts Jay Peak and Q Burke of misappropriating funds, saying the investors’ attorney admitted to not understanding the documents she’d requested.

  5. November 29, 2016

    Raymond James Accused Of Stonewalling In $400M EB-5 Suit

    Investors in a $400 million EB-5 visa lawsuit accusing Vermont ski resorts Jay Peak and Q Burke of stealing and misusing funds once again on Monday demanded that Raymond James & Associates Inc. reveal information it has allegedly held back in the case.

  6. November 05, 2016

    Bank Doubles Down On Bid To Escape $400M EB-5 Suit

    People's United Bank on Friday continued to try to escape a $400 million suit claiming it wrongly released funds from investors in projects at a ski resort who hoped to obtain visas through the EB-5 program, arguing the court is barred from exercising jurisdiction over it.

  7. October 26, 2016

    People's United Bank Can't Duck $400M EB-5 Suit: Investors

    Investors in a $400 million EB-5 visa suit accusing Vermont ski resorts Jay Peak and Q Burke of stealing and misusing funds alleged Tuesday in Florida federal court that People's United Bank knowingly participated in the fraudulent scheme.

  8. October 12, 2016

    Raymond James Accused Of Holding Back Jay Peak Docs

    The EB-5 visa program investors suing the owner of Vermont ski resort Jay Peak over $200 million in allegedly misused and stolen funds asked a Florida federal court Tuesday to compel discovery from financial services company Raymond James & Associates, claiming among other things that the company has refused to search its records for use of the term "Ponzi."

  9. October 06, 2016

    Investors Slam Raymond James In $400M Jay Peak EB-5 Suit

    EB-5 visa program investors suing the owner of Vermont ski resort Jay Peak over allegedly misused and stolen funds urged a Florida federal court Thursday not to dismiss claims against financial services company Raymond James & Associates Inc., saying the company knew the Jay Peak owner had no authority to use investor funds as he did.

  10. October 03, 2016

    Jay Peak Owner Denies Running EB-5 Ponzi Scheme

    The owner of Vermont ski resort Jay Peak asked Florida federal court on Friday to dismiss a proposed class action seeking to recover funds obtained under the EB-5 immigrant investor program that were allegedly misused and stolen, saying he has been unfairly and inaccurately accused of running a Ponzi scheme.

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