EB-5: Suspicions arose in 2010

Featured

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 suspicious, and they certainly were not the first.

Four years earlier, in 2010, John Carpenter, who was then controller at the ski area, told Mr. Stenger he believed something was awry, according to SEC documents.  For one thing, he could not get access to the accounts at financial services company Raymond James, held by Mr. Quiros, which he’d repeatedly asked for, he told the SEC in a so-called “declaration.”

Mr. Carpenter’s quotes here come from that document.

The SEC is alleging that the Northeast Kingdom EB-5 projects were actually a giant Ponzi-like scheme, in which $200-million of…To read the rest of this article, and all the Chronicle‘s stories, subscribe:

Print subscription

Annual online subscription

Short-term online subscription

(To find a particular article, search for the corresponding edition of the newspaper)

Share

Viens won’t seek re-election, Monette, Klar will run

Featured

copyright the Chronicle April 13, 2016

by Tena Starr

The Orleans County political playing field shuffled around this week.

State Senator John Rodgers of Glover won’t run for lieutenant governor after all.  Representative Gary Viens of Newport won’t run for a state Senate seat, and his wife, Carol, won’t run for his House seat.  Instead, the Viens won’t run for anything.

Irasburg farmer John Klar and Newport Mayor Paul Monette will run for House, both as Republicans, setting up a Primary Election race between those two and.…To read the rest of this article, and all the Chronicle‘s stories, subscribe:

Print subscription

Annual online subscription

Short-term online subscription

(To find a particular article, search for the corresponding edition of the newspaper)

Share

Strapped North Troy Legion calls for help

Featured

copyright the Chronicle March 30, 2016

by Tena Starr

NORTH TROY — American Legion Post #28 in North Troy has launched a GoFundMe campaign, and is holding other fund-raisers in the hope of raising the $50,000 it needs to pay off old debt — including $15,000 owed to the IRS — to make improvements to the building, and to stay open.

The Legion’s financial problems weren’t helped any by two burglaries, which led to losses of about $3,500.

“When I took over it was clear there had been some past decisions, I’ll say business types of decisions, that were perhaps well meaning but in the end did not do what they should have,” said Post Commander Gaston Bathalon.

Mr. Bathalon took over as commander about a year ago. He said his predecessors had held some big raffles with expensive prizes like motorcycles and an ATV. At least one of those outright lost money, he said.

Carefully choosing his words, he said that, also, bookkeeping “had not been as tight as it might have been.”

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

Print subscription

Annual online subscription

Short-term online subscription

(To find a particular article, search for the corresponding edition of the newspaper)

 

Share

Irasburg farmer challenges state

Featured

copyright the Chronicle March 23, 2016

by Tena Starr

An Irasburg farmer has invited the Vermont Agency of Agriculture to prosecute him for violating the state’s slaughtering rules.

His crime?  He advertised half of a grass fed beef that had not been “properly” slaughtered for sale.

John Klar has been raising and selling organic beef and sheep for more than 15 years.  Last summer, he received a surprise visit from Agency of Agriculture compliance investigator Eric Holgrem, who had seen a Craigslist ad that Mr. Klar had placed for beef.

“He didn’t call; he just showed up,” Mr. Klar said.

That’s something else he objects to, but his main problem is with the regulations themselves, which he said make no sense.

Vermont’s most recent version of the slaughter rules passed in 2013, and the House last week voted…To read the rest of this article, and all the Chronicle‘s stories, subscribe:

Print subscription

Annual online subscription

Short-term online subscription

(To find a particular article, search for the corresponding edition of the newspaper)

Share

On TV with a cake and a paint roller

Featured

copyright the Chronicle March 16, 2016

by Tena Starr

TROY – Jennifer LeBlanc has been described as something of an overachiever.  And that, she said, likely played a role in her appearance last week on The Rachael Ray Show with a paint roller and a cake.

For the few who don’t know, Rachael Ray is a Food Network celebrity and chef with a nationally syndicated TV talk show.

By profession, Ms. LeBlanc is an auditor, one of only five people in Vermont who audits special education accounts and trains people.  It’s a rather dry job, she said, with her own rather dry humor, which is generally followed by peals of laughter.

Baking cakes, which she’s done for around 20 years, is her creative outlet, she said at her home Friday.  She makes gorgeous event cakes, destined…To read the rest of this article, and all the Chronicle‘s stories, subscribe:

Print subscription

Annual online subscription

Short-term online subscription

(To find a particular article, search for the corresponding edition of the newspape

Share

In Holland: Meeting set to discuss failed school budget

Featured

copyright the Chronicle March 9, 2016

by Tena Starr

HOLLAND – The school board here plans to hold a public meeting on Monday, March 14, at 6 p.m.  Board members hope that Holland’s voters will tell them how to move forward in the wake of last week’s budget defeat, or at least why they voted the way they did.

The budget, which is voted on by Australian ballot, was rejected 94-79 despite the fact that it had been cut by about $80,000 from the previous year.

At the same time, Holland voters approved their share of the North Country Union High School and junior high school budgets.

The town school budget was down for the second year in a row, but because of…To read the rest of this article, and all the Chronicle‘s stories, subscribe:

Print subscription

Annual online subscription

Short-term online subscription

(To find a particular article, search for the corresponding edition of the newspape

Share

Troy Town Meeting: Voters opt to buy property for preschool

Featured

copyright the Chronicle March 2, 2016

by Tena Starr

NORTH TROY – Following a fairly long and typically feisty discussion, voters at Town Meeting here Tuesday agreed to spend $76,000 to buy the so-called Allen property, a lot and house adjacent to the school.

The short-term plan is to use the property for a preschool.

An attempt to cut how much the town pays for… To read the rest of this article, and all the Chronicle‘s stories, subscribe:

Print subscription

Annual online subscription

Short-term online subscription

(To find a particular article, search for the corresponding edition of the newspaper.)

Share

Forestry bills go after the bad guys

Featured

copyright the Chronicle February 24, 2016

by Tena Starr

MONTPELIER — Legislation aimed at pinching the bad guys in the forestry business, while protecting the good guys from nuisance suits and dust-ups with zoning laws, is winding its way through the Vermont House at the moment.

In its current form, it would affect not only loggers, but also landowners who use loggers, and the mills that buy from loggers.

Orleans County loggers are leery of the legislation, but Commissioner of Forests, Parks and Recreation Michael Snyder views it as a tool aimed at protecting loggers’ right to do business.

H.584, which has an identical counterpart in the Senate, started out as one big bill, but has since been broken into pieces in the House so it can more easily pass through committees. And it’s rapidly changing as it proceeds.… To read the rest of this article, and all the Chronicle‘s stories, subscribe:

Print subscription

Annual online subscription

Short-term online subscription

(To find a particular article, search for the corresponding edition of the newspaper.)

Share

30 years in the air took this man everywhere

Featured

copyright the Chronicle February 17, 2016

by Tena Starr

Armand Brasseur grew up on a dairy farm in Irasburg, but he didn’t want to milk cows, he wanted to fly.  He knew that when he was a small boy, four or five years old, and watched planes head south from the airport in Newport.

“I cherished my military soldier with a parachute and balsa wood plane with a rubber band as its source of power,” he said.

He was a Northeast Kingdom farm boy, and not many considered either the dream, or the ability to realize it, realistic.

They were wrong.  It took some doing… To read the rest of this article, and all the Chronicle‘s stories, subscribe:

Print subscription

Annual online subscription

Short-term online subscription

(To find a particular article, search for the corresponding edition of the newspaper.)

Share

Outage created plenty of work for plumbers

Featured

copyright the Chronicle February 17, 2016

by Tena Starr

It was a perfect trifecta of bad luck – the coldest day of the year by far, not enough snow to insulate foundations, and an outage that left roughly 1,500 Vermont Electric Cooperative (VEC) members without power for about 12 hours Sunday.  Barton and Orleans electric customers were out as well.

A day later, or a day earlier, and it might have been a different story.  But by Sunday afternoon… To read the rest of this article, and all the Chronicle‘s stories, subscribe:

Print subscription

Annual online subscription

Short-term online subscription

(To find a particular article, search for the corresponding edition of the newspaper.)

Share