Ariel Quiros Archives - VTDigger

Ariel Quiros

Judge accepts plan to pay Jay Peak receiver’s $1.35 million bill

In total, the receivership has now been awarded $3.3 million to cover its expenses since investor fraud allegations were brought against developers Ariel Quiros and Bill Stenger in 2016.

Quiros fraud defenses at issue as settlement talks continue

In dueling court filings, the two sides disagree over what arguments Ariel Quiros should be allowed to raise to allegations he defrauded foreign investors.

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.

Attorneys divvy up $25M from Raymond James settlement

The financial firm was accused of aiding in fraud in a series of development projects in the Northeast Kingdom. The lawyers say their cut of about 16.5 percent is less than the usual.

Nearly $150M settlement in fraud case on track for final OK after no objections

The deadline was Monday for anyone seeking to block the payout agreement by the financial firm Raymond James. The firm is accused of helping developers Bill Stenger and Ariel Quiros carry out fraud.

No break for Jay Peak on tax penalty; court battle looms

Town officials rejected a request by a court-appointed receiver who is overseeing properties tied to a federal fraud case. The tax bill has been paid, but a $164,159 late fee remains.

Judge asks Quebec counterpart to compel testimony on resort

“The evidence … is necessary in order for the Court to do justice in this case,” the judge wrote. The SEC wants to question executives of the company that sold Jay Peak to Ariel Quiros.

SEC seeks to depose Canadian executives over Jay Peak sale

Federal regulators filed a request to compel officials with Saint-Sauveur Valley Resorts to explain how Ariel Quiros purchased the ski resort.

Stenger ‘providing tremendous value’ on the job at resorts

The former president and CEO at Jay Peak, who is accused of investor fraud, works as a part-time consultant for $50 an hour and the use of a Volvo.

Jay Peak profits rise to over $9 million, officials report

That’s estimated to be quadruple what they were in the prior fiscal year, when Ariel Quiros and Bill Stenger were still in charge and about to face state and federal fraud allegations.

Quiros takes new approach in EB-5 case: Cooperate

A new lawyer says her client’s past team had a “contentious” approach, which she said has “not served Mr. Quiros well so far.”

Court OKs proposed $150M settlement with Raymond James

Miami federal court Judge Darrin Gayles gave preliminary approval to the settlement. If no one objects to the terms, the agreement will move forward.