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32 posts

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 »

EB-5 investor files suit against Raymond James

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copyright the Chronicle May 11, 2016  by Joseph Gresser Jay Peak’s EB-5 projects are keeping Miami’s federal court hopping. A disappointed investor has launched a class action suit aimed directly at the deep pockets of Raymond James, the financial services com... More »

Quiros asks for “reasonable” living expenses

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copyright the Chronicle May 11, 2016  by Joseph Gresser Ariel Quiros, the owner of Jay Peak and Burke Mountain, has asked federal Judge Darrin Gayles to allow him access to enough money to cover what he considers reasonable living expenses. The U.S. Securities... More »

Citibank has interest in Quiros funds

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copyright the Chronicle May 4, 2016 by Joseph Gresser After only a couple of weeks on the job, the receiver for Jay Peak, Burke Mountain, and other businesses owned by Ariel Quiros seems to have things well under control. In a news conference on Wednesday, Apr... More »

Jay Peak is alarmingly short of money

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copyright the Chronicle April 27, 2016 by Joseph Gresser Jay Peak may not have enough money to keep going through the summer, said Michael Goldberg, the Florida lawyer put in charge of overseeing the collection of EB-5 projects centered around the ski resort. ... More »

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 »

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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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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No special scrutiny for AnC Bio

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copyright the Chronicle March 25, 2015 by Joseph Gresser NEWPORT — Despite reports to the contrary the AnC Bio biomedical project is not being given special scrutiny by the state. State regulators are taking a closer look at all EB-5 projects in Vermont in lig... More »

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In boys hockey: Falcons fall to Lakers

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copyright the Chronicle January 28, 2015 by David Dudley JAY PEAK — The North Country Union High School Falcons fell to the Colchester Lakers Saturday, 6-1. Though the game began as a back and forth battle between two evenly matched teams, the Falcons faced an... More »