Former Vermont Ski Resort Owner Sentenced to 5 Years in Jail for Fraud Ariel Quiros, the former owner of Vermont ski resorts Jay Peak and Burke Mountain Resort, has been sentenced to serve five years in jail, ending Vermont’s longest ever fraud-related case. After nearly seven years, and multiple accounts of money laundering, Quiros agreed to a plea deal and will serve time. Quiros is set to begin his sentence on July 26th. […] Industry News Aunika Skogen | May 2, 2022 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
Jay Peak and Burke Mountain, VT: Revived and Ready to Hit the Market Jay Peak and Burke Mountain are ready for the market. After being surrendered by Ponzi-scheme perpetrator and previous owner Ariel Quiros, both resorts have recovered and plan to hit the market this year. According to VTDigger, the court appointed receiver, Michael Goldberg, has been making large improvements to the resorts. After years of major development projects, the resort has transformed from […] Industry News Katy Shipley | June 9, 2018 1 Comment
Burke Mountain Sk Resort, VT Employee Dies After Being Thrown From Snowcat “We lost a beloved member of the Burke Mountain family last night … Everyone here at Burke extends Denny’s family our sincerest condolences and strength to help work through this extraordinarily difficult period.” – Burke Mountain, VT officials A Burke Mountain, VT snowcat operator died after being throw from the snowcat he was in on Sunday. According to the Vermont […] Industry News SnowBrains | December 18, 2017 0 Comments
The State of Vermont Reaches A $5.9 Million Settlement In Jay Peak Probe According to a Vermont press release, the state has reached a $5.9 million settlement with a financial firm related to the fraud investigation of real estate developments at Jay Peak and Burke Mountain. The Department of Financial Regulation found that Raymond James and Associates’ Miami branch failed to comply numerous times with supervisory requirements and Vermont law. Miami businessman Ariel Quiros, […] Industry News Chris Wallner | July 9, 2016 1 Comment
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