Former Jay Peak Resort, VT Owner Indicted On Federal Charges in Multi-Million Dollar Fraud Case The former owner and former president of a Vermont ski resort accused in a multimillion-dollar fraud case were indicted on federal charges unsealed last week over a failed plan to build a biotechnology plant using foreign investors’ money. The charges are against Jay Peak’s former owner, Ariel Quiros, of Florida; its former president, William Stenger, of Newport; Quiros’ adviser, William […] Industry News SnowBrains | May 29, 2019 0 Comments
Government Official Requested Audits into Jay Peak Resort, VT Years Before Fraud was Discovered A government official claims he repeatedly recommended audits into what he suspected were criminal goings-on at Jay Peak Resort years before it was exposed that the owners were committing fraud, but was told to stand down reports VTDigger. In a sworn deposition last month, Brent Raymond, who was in charge of the EB-5 program, said he asked the commerce agency […] Industry News SnowBrains | September 26, 2018 0 Comments
Proposed Sale of Jay Peak Resort and Burke Mountain, VT on Hold Until Next Summer at Least Jay Peak is expected to be in the hands of a new owner next summer while the sale of Burke Mountain is now indefinitely on hold, according to Michael Goldberg, the court-appointed receiver overseeing the two Northeast Kingdom ski resorts at the center of a massive EB-5 scandal, reports VTDigger. Burke Mountain’s sale is on hold, Goldberg said, as it continues […] Industry News SnowBrains | August 16, 2018 0 Comments
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