The news organization filed a brief in the high court this week seeking to force the state to identify which documents it’s withholding and why, as required under the Public Records Act.
A daylong auction among “multiple” bidders took place Wednesday.
The Northeast Kingdom ski area is emerging from a financial scandal that resulted in federal jail time for three men, including its former owner and a past president.
Michael Goldberg, the court-appointed receiver overseeing the Northeast Kingdom ski resort, did not disclose the identity of the new bidder, though one Jay Peak official noted a “pretty sharp increase” in interest since news of an initial $58 million bid was reported earlier this month.
Pacific Group Resorts Inc. made the offer, according to a filing by Michael Goldberg, Jay Peak’s court-appointed receiver. The group owns Ragged Mountain in New Hampshire and Powderhorn Mountain Resort in Colorado.
Quiros, the former owner of Jay Peak Resort who authorities describe as the “mastermind” behind the largest fraud case in Vermont history, reported this week to FPC Pensacola, a minimum-security federal prison camp in Florida.
Jong Weon Choi, also known as Alex Choi, had been called a “hidden partner” in the largest fraud case in Vermont’s history.
The former CEO and president of Jay Peak is the first of three defendants to go behind bars in connection with an investor fraud scandal that rocked the state.
Jay Peak Resort’s former owner faced a possible maximum sentence of roughly eight years in prison under a plea deal with prosecutors for his role in the largest fraud case in the history of the state.
During his eight years in the Department of Financial Regulation, Pieciak helped recoup millions for the state and began investigations into the EB-5 fraud at Jay Peak.
Kelly is the second of three defendants to be sentenced in the case. Bill Stenger, Jay Peak’s former president, received an 18-month prison sentence last week. Ariel Quiros, Jay Peak’s former owner, is set for sentencing next week.
Judge Geoffrey Crawford handed down the sentence Thursday in federal court in Burlington. He also ordered Stenger, the former president of Jay Peak Resort, to pay restitution of $250,000.
Attorneys for the former Jay Peak president say Liz Miller urged the Department of Financial Regulation to back off "a carte blanche review" of personal bank accounts of the developers of AnC Bio Vermont. She disputes that contention.
Bill Stenger’s defense team contends that their client’s many medical conditions could worsen behind bars and he doesn’t have enough money to pay the $1.66 million in restitution the prosecution is asking a judge to impose.