copyright the Chronicle February 7, 2018
Several recent developments in the civil fraud suit filed by the U.S. Securities and Exchange Commission (SEC) against Ariel Quiros and Bill Stenger suggest it’s nearing its conclusion.
On February 2, the SEC asked U.S. District Court Judge Darrin Gayles to approve a final settlement under which Mr. Quiros would disgorge more than $81-million and pay another $3.5 million in interest and penalties.
Mr. Quiros would turn over his interest in Jay Peak Resort, Burke Mountain, the Bogner property, and the former Spates Block in Newport, as well as another 13 pieces of real estate, including two New York City condominiums, to satisfy the judgment.
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