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32 posts

Judge approves $150-million settlement

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copyright the Chronicle July 5, 201   by Joseph Gresser   U.S. District Court Judge Darrin Gayles cleared the way for contractors, merchants, and some EB-5 investors to recover money Jay Peak and Burke Mountain Resorts owes them. On Friday he gave final approv... More »

EB-5 investor sues state

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copyright the Chronicle June 21, 201   by Joseph Gresser   An investor in the first of Jay Peak’s EB-5 projects is suing the state Agency of Commerce and Community Development, the Department of Financial Regulation, the Vermont Regional Center (VRC), and a nu... More »

Raymond James agrees to $150-million settlement

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copyright the Chronicle April 19, 2017   by Joseph Gresser   A year and a day after the federal and state governments filed civil charges connected with Jay Peak’s EB-5 projects, the receiver in the case announced a settlement intended to pay money owed to con... More »

The NEK’s got jobs — a lot of them

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copyright the Chronicle November 30, 2016 by Tena Starr Neil Morrissette of Creative Work Solutions is an unabashed cheerleader for the Northeast Kingdom. It has everything, he said in a recent interview. Including jobs. A lot of jobs. In fact, some employers ... More »

SEC wins early victory against Quiros

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copyright the Chronicle November 23, 2016 by Joseph Gresser   In a ruling issued Monday, U.S. District Judge Darrin Gayles gave the Securities and Exchange Commission (SEC) an early victory in its suit against Ariel Quiros. The federal agency was granted its r... More »

Lawyers for Stenger tell state to bring it on

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copyright the Chronicle October 19, 2016 by Joseph Gresser NEWPORT — Lawyers for Bill Stenger have told the state to bring it on. In a September 7 filing in the Civil Division of Washington County Superior Court, they denied all the fraud charges related to EB... More »

Potential Jay Peak buyer accused of fraud

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copyright the Chronicle September 21, 2016  by Joseph Gresser JAY PEAK — When Michael Goldberg got a letter offering to buy Jay Peak for $93-million some aspects of it set off alarms. His suspicions proved to be justified when a quick search showed that the ma... More »

Stenger settles, no longer works at Jay

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copyright the Chronicle September 7, 2016 by Joseph Gresser Bill Stenger, the former president of Jay Peak Resort, is no longer a defendant in the civil lawsuit filed by the federal Securities and Exchange Commission (SEC) against him and the owner of the reso... More »

Bill Stenger still on the payroll at Jay Peak — for now

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copyright the Chronicle August 24, 2016 by Joseph Gresser JAY — For more than 30 years visitors to Jay Peak Resort had a hard time avoiding the ski area’s general manager, later president, Bill Stenger. They might find him parking cars, selling lift tickets, o... More »

Jay Peak hosts annual Porsche parade

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copyright the Chronicle June 29, 2016 by Jef Barker A week of Porsche Club of America (PCA) events, including a concours, a time, speed, and distance rally, and a parade of Porsches ended Saturday with 350 of the German-made cars driving from Jay Peak to Newpo... More »

Jay Peak tram won’t be repaired until next spring

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copyright the Chronicle June 8, 2016 by Joseph Gresser The state has ordered that the tram at Jay Peak be shut down until critical repairs are made. And the only company that can do the work has said Jay must wait until April of next year for the upgrade work.... More »