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21 posts

EB-5: Suspicions arose in 2010

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copyright the Chronicle April 27, 2016 by Tena Starr A suspicious Securities and Exchange Commission (SEC) started questioning Bill Stenger and Ariel Quiros, owner of Jay Peak and Q Burke, back in May of 2014.  But they weren’t the only ones who were suspiciou... More »

Lawsuits claim massive fraud

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copyright the Chronicle April 20, 2016 by Chris Braithwaite The fix was in from the beginning. That grim conclusion emerges from a reading of the civil lawsuits state and federal officials have filed against Bill Stenger, Ariel Quiros, Jay Peak, Inc., Q Resort... More »

Stenger pled ignorance to SEC in 2014

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copyright the Chronicle April 20, 2016 by Chris Braithwaite When investigators with the U.S. Securities and Exchange Commission asked Bill Stenger whether his partner had bought Jay Peak resort with money misappropriated from foreign investors, Mr. Stenger sai... More »

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Construction of AnC Bio plant gets underway

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  copyright the Chronicle May 20, 2015 by Joseph Gresser NEWPORT — The long-delayed groundbreaking for AnC Bio took place under fair skies Thursday morning, May 14. Speakers hailed prospects for the $100-million biomedical facility, which is expected to employ... More »

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AnC Bio is back on track

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copyright the Chronicle April 1, 2015 by Joseph Gresser NEWPORT — AnC Bio, the biomedical facility being developed with money from the federal EB-5 visa program, is back on track. A press release from Jay Peak late Tuesday afternoon said the state Department o... More »

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Stenger admits investors were informed late

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copyright the Chronicle August 6, 2014  by Joseph Gresser JAY — Bill Stenger and Ariel Quiros didn’t live up to state standards when they waited nine months before notifying 35 EB-5 investors they had dissolved the partnership that owned the Tram Haus Lodge at... More »

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Spates Block sale spurs Newport City reappraisal

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copyright the Chronicle January 8, 2014 by Joseph Gresser NEWPORT — The $2.85-million sale of the Spates Block will change the face of downtown Newport.  It will also require the city to revalue all property on its Grand List. According to a memo from City Ass... More »

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Flight Design USA will hire 100

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by Joseph Gresser JAY — At the opening of the new Stateside Baselodge Friday, Jay officials threw in a pair of bonus announcements.  A new aircraft company will bring more than 100 skilled jobs to Coventry, and the sale of the Spates Block on Main Street in Ne... More »

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Stenger outlines plans worth $600-million

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copyright the Chronicle 10-3-2012 by Joseph Gresser JAY — A $600-million investment plan set out by the owners of Jay Peak Resort Thursday could change the face of the Northeast Kingdom over the next three years.  In the process it could create ten thousand ne... More »