Former Jay Peak, Burke owner Quiros faces sentencing in Vermont fraud
The former owner of two Vermont ski resorts faces sentencing Friday in federal court.
Source: burlingtonfreepress.com
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William Kelly, advisor to Ariel Quiros, sentenced to prison
Kelly was indicted on multiple fraud charges along with Miami businessman Ariel Quiros, the former owner of Jay Peak and Burke Mountain ski resorts.
Source: burlingtonfreepress.com
Bill Stenger sentenced to prison for Vermont ski resort visa scheme
Bill Stenger's lawyers say the 73-year-old regrets his actions. Stenger led massive EB-5 visa investment projects in Vermont's Northeast Kingdom.
Source: burlingtonfreepress.com
Jay Peak EB-5 settlement: Merrill Lynch agrees to pay $4.5 million
Merrill Lynch agrees to pay $4.5 million to settle claims made against it by the state and Jay Peak in the EB-5 fraud scandal that was "Ponzi-like."
Source: burlingtonfreepress.com
Jay Peak: Feds grant appeal to reopen VT EB-5 foreign investor program
The federal government is expected to reverse its decision to shut down Vermont's EB-5 foreign investor program, giving hope to hundreds of investors in the fraudulent Jay Peak project that they will still be able to get the green cards they sought in return for pouring money into the ski resort. The EB-5 program gives foreign nationals a pathway to citizenship in return for investing $500,000 in development projects in economically disadvantaged regions of the country like the Northeast Kingdom, where Jay Peak is located. One of the biggest frauds in the history of the EB-5 program was carri...
Source: burlingtonfreepress.com