In a re­mote Ver­mont ski town, 3 ex­ecs raised $93M for a stem cell re­search cam­pus. Pros­e­cu­tors say it was all just a scam

The Jay Peak ski re­sort isn’t the most like­ly place you’d find a biotech re­search cam­pus de­vot­ed to stem cell re­search and the de­vel­op­ment of ar­ti­fi­cial or­gans. Set in the rugged moun­tain area in Ver­mont’s North­east King­dom, it’s just a few miles from the Cana­di­an bor­der. And its slopes bring in skiers from the world over.

Just not a lot of biotech ex­ecs, un­less they’re com­ing to hit the black di­a­monds.

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