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Reality knocks: Vermont’s biggest economic development story becomes its biggest fraud April McCullum and Dan D'Ambrosio, Burlington Free Press © RYAN MERCER/FREE PRESS FILE The "hole" in downtown Newport was a demolished city block that was to become a retail, office and residential space, and possibly a boutique hotel, under Bill Stenger and Ariel Quiros' grand design. It was never approved as an EB-5 project that could accept foreign investment. After allegations of financial fraud pulled both Jay Peak Resort and Burke Mountain into federal receivership, the plan flew ...

Assurances aren’t enough: Pressure mounts on ski resort owners in Vermont’s largest fraud April McCullum and Dan D'Ambrosio, Burlington Free Press © EMILY McMANAMY/FREE PRESS FILE The Pump House Indoor Water Park at Jay Peak Resort is a humid oasis away from the cold ski conditions on Jay's mountains on Wednesday Feb. 8, 2012. Jay opened the water park to provide year-round resort options for both skiers and non-skiers. This is the second of a three-part investigation. Read the first story here: To those who were watching carefully in 2012, the cracks in Ariel Quiros’...

A ski resort, a dream and greed: How a $350M fraud happened in Vermont’s poorest region Dan D'Ambrosio and April McCullum, 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. 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 ...

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 ...

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 th...