I asked him why he liked coming to Jay Peak. “Because of the Jay Cloud,” he said matter-of-factly, as if it were obvious. “It has the best snow.” As if on cue, the world outside the aerial tram car suddenly went from blue to white. The mystique of Jay Peak, the northernmost ski area in Vermont, is intimately bound to the Jay Cloud, a mythical storm cloud that hovers over its rocky summit. But another cloud, for years, hung over Jay Peak Resort: Its former owners perpetrated the biggest financial fraud in ski industry history — as well as the biggest fraud in the state of Vermont.

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Persons: Jay, Jay Cloud, ”, Jay Peak Organizations: American Rockies, Jay Locations: Vermont’s Jay, Vermont, Quebec, Park City , Utah, Steamboat Springs, Colo