Vermont's Jay Peak Ski Resort. (Jay Peak Resort Facebook Photo)

Vermont’s Jay Peak Ski Resort. (Jay Peak Resort Facebook Photo)

An article on recently examined the financial problems suffered by Vermont’s Jay Peak resort earlier this year.

In April, the The United States Securities and Exchange Commission announced it was bringing fraud charges against and freezing the assets of Vermont’s Jay Peak Ski Resort, saying the resort’s owners engaged in a massive fraud scheme for eight years.

The Bloomberg article, titled “An Immigrant-Funded Biotech Center in Rural Vermont? What Could Go Wrong?”, examines how foreign investors were promised green cards if they put $500,000 into Vermont’s poorest region, and they are now wondering where the money went.

Read about Jay Peak Resort’s financial troubles.