Bill Stenger Archives - VTDigger

Bill Stenger

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.

Quiros battle rages over $2 million in attorneys’ fees

Dueling filings show that Ariel Quiros’ new counsel claims his previous lawyers have revealed attorney-client information in documents submitted to the court.

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.

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.

Fraud case leaves heartache, and ‘hole,’ in Newport year later

“I think what happened in having the bubble burst was good in some way,” said one resident. “It made people realize they need to pull together as a community.”

UPDATED: Raymond James agrees to pay $150 million in EB-5 fraud settlement

The money from Raymond James and Associates Inc. will go to contractors who are still owed for work on Northeast Kingdom projects and investors who poured in millions.

Jay Peak EB-5 investors sue Saint Sauveur Valley Resorts

Immigrant investors allege the Quebec company knowingly transferred money to Ariel Quiros for the purchase of Jay Peak Resort.

Quiros fires legal team; attorneys place lien to get paid

A legal filing did not state a reason for the termination. Lawyers continue to press claims for more than $2 million in bills for his defense against a federal fraud lawsuit.

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.

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.