Michael Goldberg Archives - VTDigger
 

Michael Goldberg

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.

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.

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.

Jay Peak receiver asks town board to waive $164,159 tax penalty

Under federal law, the penalties can not be applied to properties in receivership, according to Michael Goldberg, the receiver for the Jay Peak properties.

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.

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.

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.

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.

Goldberg: Jay taxes to be paid, over time

A onetime 8 percent late payment penalty has been added to that bill, totaling $164,159.

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.”