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Audit finds inadequate state oversight in Vermont's largest fraud case
“In short, we found a pattern of misplaced trust, unfortunate decision-making, lengthy delays, and missed opportunities to prevent or minimize fraud,” Hoffer wrote.
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Utah-Based Resort Company Closes on Purchase of Jay Peak
A Utah-based resort company has completed its purchase of Jay Peak Resort, the northern Vermont ski area that was at the center of a financial scandal involving its former owner and president. Pacific Group Resorts, which owns five other ski areas, announced Tuesday that the state of Vermont had approved the assignment of leases for ski terrain, allowing the sale…