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How Jay Peak fraud became example of greed and flawed oversight

Snowed A ski resort, a dream and greed: How a $350M fraud happened in Vermont’s poorest region April McCullum and Dan D Ambrosio, Burlington Free Press Published 3:22 pm UTC Dec. 18, 2020 No one would have recognized the man with icy eyes and a military bearing who drove through rural Vermont in 2007 with his lawyer in tow. In anonymity, Ariel Quiros brought his real estate attorney, Fred Burgess, on a tour of the mountainous area near the Canadian border that’s known as the Northeast Kingdom. Laced with lakes and expansive forests, the Kingdom, as locals call it, is a silent fortress of natural beauty, hardscrabble dairy farms, and people eager for a return to prosperity.

A ski resort, a dream and greed: How a $350M fraud happened in Vermont s poorest region

A ski resort, a dream and greed: How a $350M fraud happened in Vermont’s poorest region April McCullum and Dan D Ambrosio, Burlington Free Press © COURTESY Jay Peak Resort seen on Thursday, January 17, 2020. The resort got about 8 inches of snow between Wednesday and Thursday with more expected over the MLK Day holiday weekend. A series in 4 parts No one would have recognized the man with icy eyes and a military bearing who drove through rural Vermont in 2007 with his lawyer in tow. In anonymity, Ariel Quiros brought his real estate attorney, Fred Burgess, on a tour of the mountainous area near the Canadian border that’s known as the Northeast Kingdom. Laced with lakes and expansive forests, the Kingdom, as locals call it, is a silent fortress of natural beauty, hardscrabble dairy farms, and people eager for a return to prosperity.

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