MONTPELIER, Vt. (AP) - The Vermont attorney general has settled a lawsuit against the organizer of a "Made in Vermont Festival" that never happened.
Attorney General William Sorrell says local businesses and craftspeople had paid Charles Nestor of St. Johnsbury more than $24,000 to be exhibitors, vendors and sponsors for the 2011 Burlington festival but the event never happened.
Sorrell says 45 businesses lost their money.
As part of the settlement, Nestor must post a $20,000 bond before organizing any trade shows or festivals and escrow the first $20,000 of any such event for the next five years. He also must refund the businesses and pay a $10,000 penalty if he receives sufficient income or assets. He's also required to submit his financial status to the attorney general's office for the next five years.
Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.