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, April 27, Michael Goldberg said he now has enough money to keep Jay Peak operating and to get the new hotel at Q Burke open.

“All we need is snow,” the Florida lawyer said, sounding exactly like the ski area owner he suddenly became when federal Judge Darrin Gayles of U.S. District Court for the Southern District of Florida appointed him.

In doing so he gave Mr. Goldberg control of assets belonging to Mr. Quiros and his companies, including his bank accounts.

Since his appointment, he has asked for further authority, including control of Burke Mountain and its associated companies, and Judge Gayles agreed.

Mr. Quiros disputes the charges against him, and will first argue his case in a hearing scheduled for…To read the rest of this article, and all the Chronicle‘s stories, subscribe:

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Newport City Council: Water committee recommendations adopted

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copyright the Chronicle May 4, 2016 

by Joseph Gresser

NEWPORT — At their meeting Monday city council members heard and adopted the recommendations of the water committee they appointed last year.

Last year in May the council set up a study group to investigate ways to get all homes in the city fitted with water meters. Proponents of the idea had long argued for charging city residents for the actual amount of water they use, rather than charging a set quarterly fee regardless of usage.

Doing so would encourage conservation, they said, and make sure that everyone on the city system pays a fair share of its cost.

The issue has long been contentious, and in a citywide advisory vote in 2011 Newport residents turned a metering proposal down by a two-to-one margin.

The committee’s recommendations gave those who choose to have meters installed in their homes some economic incentive to do so, but stopped well short of taking any concrete measures to cut into the 1,100 or so homes that pay a flat rate for water.

Instead, the group proposed basing rates on what it called an equivalent unit. That unit…To read the rest of this article, and all the Chronicle‘s stories, subscribe:

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Judge drops murder charge against Baird

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copyright the Chronicle May 4, 2016

by Joseph Gresser

ST. JOHNSBURY — Judge Michael Kupersmith has decided that the third man charged in the 2010 killing of Mary Pat O’Hagan of Sheffield will not be tried for first-degree murder. Keith Baird, 35, of Sheffield will still be tried for burglary and kidnapping, but not in Caledonia County.

Mr. Baird, who pled innocent to the charges in March of 2014, has also filed notice that he intends to argue he has an alibi showing he was not present when the 78-year-old Mrs. O’Hagan was shot during a break-in at her Sheffield home.

Although two other men who have already pled guilty to involvement in Mrs. O’Hagan’s death have said Mr. Baird was with them at her house, he denies it. Mr. Baird said through Robert Katims, his lawyer, that he was wearing a GPS tracker at the time of crime.

The tracking device, he said, shows he was not present at Mrs. O’Hagan’s house on September 10, when she was shot during an attempted burglary.

At the hearing…To read the rest of this article, and all the Chronicle‘s stories, subscribe:

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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.

“I have learned that the Receivership Entities are in dire financial position and in danger of not having sufficient funds to continue operating beyond the very immediate future,” he wrote in a declaration directed to the U.S. District Court for Southern Florida.

Mr. Goldberg was given control of Jay Peak and the other assets of its owner, Ariel Quiros, by federal judge Darrin Gayles on April 13.  As the court-appointed receiver he has been investigation the finances of a network of companies connected with Jay Peak’s EB-5 project as well as those of the ski resort itself.

The SEC has alleged that Bill Stenger and Mr. Quiros misused about $200-million of…To read the rest of this article, and all the Chronicle‘s stories, subscribe:

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DUI formula too simplistic

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copyright the Chronicle April 27, 2016

by Joseph Gresser

NEWPORT – State forensic experts will have to rewrite their manuals if the Vermont Supreme Court upholds a decision issued by Judge Howard VanBenthuysen Monday.

The judge, sitting in the Criminal Division of Orleans County Superior Court, said in a written opinion that state experts do not take enough individual factors into consideration when calculating what a person’s blood alcohol level was more than two hours earlier.

The decision concerns what the judge calls “relation-back testimony,” meaning calculations intended to show how quickly a person’s system rids itself of alcohol, and hence what that person’s blood alcohol level was at some time before…To read the rest of this article, and all the Chronicle‘s stories, subscribe:

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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 Burke Resort and the commissioner of the Department of Financial Regulation (DFR).

On March 25, Commissioner Susan Donegan of the DFR sent a letter to Bill Stenger, one of the Q Burke partners and co-owner of Jay Peak Resort, in which she accused him of failing “to engage in best business practices.”

That failure, Ms. Donegan maintained, made it impossible for her to give the Q Burke partners complete access to investors’ money now held.…To read the rest of this article, and all the Chronicle‘s stories, subscribe:

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At NCUHS: Berrios offered job as principal

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copyright the Chronicle April 13, 2016

by Joseph Gresser

NEWPORT – Members of the North Country Union High School Board met Monday and interviewed the two finalists hoping to succeed Bill Rivard as the school’s principal.  Mr. Rivard will leave the school after 14 years on the job.

North Country Supervisory Union Superintendent John Castle said Tuesday evening that the board decided to offer the position to Andrew Berrios, who is currently interim principal at Smith Academy.…To read the rest of this article, and all the Chronicle‘s stories, subscribe:

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Firefighters save Barton home

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copyright the Chronicle April 6, 2016

Barton, Orleans, and Glover firefighters work to keep Mark LaCoss’ home from destruction Tuesday.  Barton Ambulance was also on the scene.  Barton Fire Chief Kevin Tartaglio said his department was toned out at 2:30 p.m. for a garage fire on New Dublin Lane.  Because of the small number of firefighters in the Barton department, Chief Tartaglio immediately sought assistance from Orleans through Mutual Aid.  When…To read the rest of this article, and all the Chronicle‘s stories, subscribe:

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Stenger says Newport plans are on track

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copyright the Chronicle April 6, 2016

by Joseph Gresser

NEWPORT – Bill Stenger says his plans for Newport are on track, although those related to the AnC Bio facility are undergoing some modifications in reaction to changes in the direction of biomedical technology.

In a conversation Monday, just after he returned from seeking investors in South Africa, Mr. Stenger said plans have been modified to allow the facility to manufacture products for gene therapy products in addition to those based on stem cells.

Gene therapy requires changes to “air flow, water flow, and people flow” in the plant, he said.

Mr. Stenger said the design modifications are necessary to keep pace…To read the rest of this article, and all the Chronicle‘s stories, subscribe:

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Derby Select Board: Walmart will create need for more policing

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copyright the Chronicle March 30, 2016

by Joseph Gresser

DERBY — Representatives from the State Police and the Orleans County Sheriff’s Department told the select board here Monday that the soon-to-open Walmart will mean additional police calls.  

Both departments recommended that the town put more resources toward what it said would be a problem.  

Board members were unconvinced.

Lieutenant Walter Smith, who commands the Derby State Police barracks, and Captain Mike Henry, who heads the St. Johnsbury outpost, warned the select board at their meeting Monday evening that other towns that host Walmarts have seen increased reports of shoplifting and fender benders.

Troopers will not be responding to those calls, Lieutenant Smith said.

The Derby State Police contingent is made up of 11 troopers who are responsible for policing 31 towns in Orleans and Essex counties, Lieutenant Smith said.

“Some people call us the Derby State Police,” he said.  “We’re not the Derby State Police.  We’re the State Police.  We just happen to be based in Derby.”…To read the rest of this article, and all the Chronicle‘s stories, subscribe:

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