Ariel Quiros Archives - VTDigger
 

Ariel Quiros

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.

Quiros appeals order freezing assets

The one-paragraph notice does not state the grounds for the appeal.

Change of banks clears way for Jay Peak’s sewage facility use

The move was needed after NBT Bank said it wouldn’t renew a letter of credit following investor fraud lawsuits filed against Jay Peak owner Ariel Quiros and Bill Stenger, its former CEO.

Burke to be first U.S Ski Team Development Site

“It is expected that hundreds of young skiers will train and compete at Burke Mountain annually.”

Receiver: Don’t delay suit against Quiros and financial firm

A lawyer argues that holding off on a separate lawsuit while the Securities and Exchange Commission case proceeds would hinder efforts to recoup money for investors.

Judge rejects Quiros’ bid to toss state case

The judge didn’t buy claims that the state had overreached with its investor fraud allegations and that all the projects Quiros and his partner promised to build were either complete or under construction.

Judge grants $1.9 million fee request for EB-5 cleanup

The money covers expenses incurred since Jay Peak and Burke Mountain went into receivership in April and include attorney, accounting and other professional fees.