Receiver plans to dole out $183,322 to each Burke Mountain EB-5 investor from sale and settlement

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Burke Mountain Ski Resort. Photo by Patrick McCaffrey via Wikimedia CommonsMore than 120 people who invested in the redevelopment of Burke Mountain, then were defrauded in a high-profile scandal that rocked Vermont, are set to receive some of their money back. Jay Peak resort had previously sold for $76 million with EB-5 investors who put money into projects at that ski area also receiving pay outs from proceeds of that sale. Raymond James had handled transactions for one of the resort’s developers: Ariel Quiros, who owned both Jay Peak and Burke Mountain ski areas at the time. Judge Darrin P. Gayles, who presides in federal court in Miami and oversees Goldberg’s receivership, on Friday approved Goldberg’s fund distribution plan to the Burke Mountain EB-5 investors.