AnC Bio Vermont Archives - VTDigger
 

AnC Bio Vermont

Judge gives final OK to financial firm’s settlement in EB-5 case

The nearly $150 million will be used in part to finish incomplete projects spearheaded by Ariel Quiros in the Northeast Kingdom and to pay contractors’ and vendors’ outstanding bills.

EB-5 investor: Raymond James $150M settlement ‘grossly inequitable’

While he is getting his money back, Xiong says that he, and other investors like him, will have no opportunity to get a green card.

SEC filing: Quiros discloses $150,000 account in Colombia

The hunt for assets of Ariel Quiros continues in the investigation of alleged investor fraud involving Vermont properties. Recently the search has yielded some surprises.

Scott releases EB-5 records; Feds threatened to shut down state program

U.S. Citizenship and Immigration Services demanded answers from the state about oversight of the Jay Peak projects.

Receiver seeks to refund nearly $18M to AnC Bio investors

The move could enable about 35 investors to look for another EB-5 project in hopes of still getting a green card, the motion says. More than 100 other investors wouldn’t be affected.

Settlements in EB-5 case leave Quiros standing alone

The latest judgments are against a slew of corporate and relief entities. The latter received “ill-gotten gains” but didn’t necessarily take actions that led to the SEC’s fraud allegations.

EB-5 investors seek class-action certification

The lead plaintiff in the case is Alexander Daccache, of Brazil. More than 800 others could become eligible to join the suit against developers Ariel Quiros and Bill Stenger.

Quiros fights on, others look to settle in SEC case

One of the defendants, a longtime business associate of Quiros’ who runs an entity embroiled in the case, appears to be settling with the SEC.

ICYMI: Special report shows troubles at AnC Bio Vermont started in Korea

The CEO of a Korean sister company is accused of embezzling $10 million.

Special Report: AnC Bio Vermont troubles began in South Korea

The CEO of a Korean firm was charged with embezzlement when he ran a related company in Vermont.

Battle for records of Quiros’ children and friend heats up

A financial firm that was used by fraud suspect Ariel Quiros says releasing the records to investors suing him would be an unreasonable invasion of privacy.

EB-5 investors seek financial docs on Quiros’ children, business partner

An attorney for the investors says Alex Choi and Ary and Nicole Quiros had business dealings with Jay Construction Management an entity central to the alleged fraud.

UPDATED: Federal judge rules for SEC in Quiros EB-5 case

Federal Judge Darrin P. Gayles found that Ariel Quiros acted with “severe recklessness” in intentionally defrauding investors.

Federal judge OKs $13.3M Jay Peak settlement with Citibank

The settlement funds, in large part, will go to run ski operations at Jay Peak and pay contractors for work on two developments in the Northeast Kingdom.