Two separate lawsuits tied to the Jay Peak investor fraud scandal had hearings Wednesday in federal court in Vermont, the first proceedings in months because of the pandemic.
The 32-page document released Tuesday reveals little new, providing mostly background on the state’s EB-5 program as larger questions over how the state allowed the largest fraud in Vermont’s history to occur remain.
Quiros entered three guilty pleas Friday to charges stemming from a collapsed plan to build a $110M biomedical research facility in Newport.
A trial initially set for October of this year is now scheduled for April 2021 as attorneys cited the Covid-19 pandemic for the latest change due to the difficulty the virus currently creates in holding jury trials.
The former Jay Peak owner will not be sentenced Friday when he is expected to change his plea. Instead, that hearing will be set for a later date, with federal prosecutors agreeing to seek a sentence of no more than 97 months behind bars.
The terms of the resolution of the criminal charges against Jay Peak’s former owner were not revealed during a hearing Friday when his attorney told a judge his client is working along with prosecutors and is planning a plea.
The latest fee and expense request from Michael Goldberg is $707,874 for a six-month span, bringing the total fees and expenses since taking the post of receiver in April 2016 to $8,380,099.
No bids have yet been submitted for the Northeast Kingdom ski area, which has been on the market since early 2019.
The ruling released Tuesday means Jay Peak’s former owner facing federal fraud charges must either hire a new attorney, apply for one at a taxpayers’ expense, or represent himself.
Lead attorney for Quiros cites a ‘breakdown in attorney-client relationship’ in request to withdraw his representation for Jay Peak’s former owner under criminal indictment.
Two lawyers representing the former Jay Peak president and CEO will now be paid by the government after a judge determined he meets the financial standards for court-appointed counsel
A lawyer for Jay Peak’s former owner claims prosecutors improperly used ‘privileged’ records between Ariel Quiros and his former attorney.
Attorneys representing the three men accused of fraud in a NEK project say they may seek to postpone the trial because of the massive amounts of discovery to review.
A Monday court filing outlines a proposed purchase-and-sale agreement between the court-appointed receiver for Jay Peak and the nonprofit mountain bike organization in northern Vermont.