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11 posts

Lawsuit claims EB-5 fraud started in 2008

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copyright the Chronicle April 12, 2017   by Joseph Gresser   BURLINGTON — Two investors in EB-5 projects at Jay Peak Resort claim that securities fraud at the ski area started in 2008 when Ariel Quiros paid for the resort using money meant to build hotels. The... More »

Federal receiver fields questions in Jay

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copyright the Chronicle March 8, 2017   by Joseph Gresser   JAY — Residents here heard from the effective owner of Jay Peak Resort before they began their Town Meeting Tuesday morning. Michael Goldberg, the receiver appointed by U.S. District Judge Darrin Gayl... More »

EB-5 investors take aim at Quiros and Raymond James

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copyright the Chronicle June 15, 2016 by Joseph Gresser The major skirmishes in the legal battle over Jay Peak’s EB-5 projects seem to have settled down, at least for the moment. Civil suits filed against Ariel Quiros, the owner of Jay Peak and Burke Mountain ... More »

SEC turns up heat on Quiros

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copyright the Chronicle May 18, 2016 by Joseph Gresser Federal regulators turned up the heat on Ariel Quiros Tuesday when they filed an amended complaint in the civil case against the owner of Jay Peak Resort.  Mr. Quiros, along with many of his businesses, an... More »

Stenger and state spar over finances

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copyright the Chronicle April 13, 2016 by Joseph Gresser EAST BURKE – A long-running disagreement between the sponsors of two EB-5-funded projects and state regulators has been thrown into sharp relief through an exchange of letters between the owners of Q Bur... 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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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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Minimum wage hike will have ripple effect

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copyright the Chronicle June 11, 2014 by Joseph Gresser Local employers say a rise in pay for those at the bottom of the ladder is sure to increase salaries for those on the higher rungs. That will be good news for many workers, they say, but could come at the... More »

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Hair salons are bright spot in local business

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copyright the Chronicle April 30, 2014  by Natalie Hormilla Marie Turmel Kroeger opened a hair salon in a refurbished milk house in Craftsbury last month with confidence and enthusiasm. “It’s called faith in oneself,” she said, just a couple of weeks into offi... More »

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Jay Peak’s plans for rec center remain in limbo

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copyright the Chronicle February 12, 2014 by Joseph Gresser JAY—Jay Peak Resort’s plan to build a recreation center with a 145-seat movie theater and climbing walls remains in limbo.  The Jay Planning Commission and Zoning Board (two bodies with one set of mem... More »

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Tenants prepare to leave historic Spates Block

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by Joseph Gresser NEWPORT — John Daggett carefully placed boxes, pieces of furniture and random possessions into the back of a box truck parked on Main Street here Friday.  Over the past couple of weeks, Mr. Daggett said he’s helped around five households move... More »