Ariel Quiros Archives - VTDigger
 

Ariel Quiros

Insurer says Quiros owes the company, not other way around

The Jay Peak owner is suing the insurer to cover his legal bills in the face of fraud allegations. But the company says Quiros should pay its cost of fighting the coverage request.

More EB-5 investors allege fraud, sending claims above $30M

“Another lawyer has about 30 people, and that lawyer contacted me and asked to join this case,” said an attorney for Chinese investors. “This is a lawyer who had not filed anything yet …”

Resorts’ late tax payments arrive in Jay, Burke

“What it means is we don’t have to go out and secure a loan,” said a town official in Jay.

Some AnCBio investors to recoup nearly $18M

The investors who are covered put in money after March 2015, when the state added a new escrow requirement.

VTDigger gets more information on redacted EB-5 documents, drops lawsuit

Galloway says, “We believe the state is using the ‘relevant’ litigation exemption as a shield to prevent the public from understanding why officials failed to provide adequate oversight of the Jay Peak Projects.”

Judge: Quiros can sell condo, but won’t get the money

The funds will go into a trust account held by a court-appointed receiver.

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.

Landlord: Quiros owes $86,721 in back rent for Florida eatery

A Florida shopping center that says Ariel Quiros owes $86,721 in back rent for his now-shuttered Key Biscayne restaurant has received approval to throw him out. Quiros, facing state and federal investor fraud lawsuits stemming from developments at Jay Peak Resort in Vermont, did not contest the move to clear out his leased space in […]

Unsealed Douglas documents show belief in Stenger’s vision

Memos from Douglas’ commerce agency reveal mostly positive views about the massive expansion of Jay Peak and other projects. “Looking back, more (oversight) would have been better,” he says in hindsight.

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.

Unpaid bills prove hardship for contractors in Northeast Kingdom EB-5 projects

Contractors who have not been paid in more than a year are barely hanging on.

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.