Burke Mountain, VT, New Owners Aim to Triple Snowmaking Capacity in Time for 2025–26 Ski Season After nearly a decade in federal receivership, Burke Mountain Resort in Vermont officially has new owners. On Friday, May 2, 2025, the Bear Den Partners ownership group closed on the purchase of the 72-year-old ski area in Vermont’s Northeast Kingdom, setting the stage for a new era of independent ownership and mountain investment. Related: Burke Mountain Resort, VT, Sells for […] Industry News Martin Kuprianowicz | May 6, 2025 0 Comments
No Evidence of Fraud Found in Investigation of Woman’s 12-Day Disappearance in Zion National Park, UT Authorities found no evidence supporting fraud surrounding the investigation of Holly Suzanne Courtier, a 38-year-old woman who went missing for 12-days in Zion National Park, UT last year. Courtier’s disappearance went viral after Washington County Sheriff’s Search and Rescue Sgt. Darrell Cashin found aspects of the story that did not add up. Courtier’s family set up a GoFundMe several days […] Brains Dominic Gawel | March 17, 2021 0 Comments
Recent Sale of BC’s Grouse Mountain Resort Tangled Up in Claims of Fraud A lawsuit was lodged with the British Columbia Supreme court on Feb. 4, 2020 regarding the 2017 sale of the iconic Grouse Mountain resort to by CM (Canada) Asset Management, a private conglomerate backed by dozens of Chinese business tycoons. Among other claims, the lawsuit says that two executives from China Minsheng Investment Group (CMIG) flew from Shanghai to Vancouver […] Industry News Jacqui Davis | February 28, 2020 0 Comments
California Couple with Lake Tahoe Vacation Rentals Plead Guilty to Defrauding Investors of $1-BILLION The owners of a solar energy company based out of the San Francisco Bay Area just plead guilty to defrauding investors of $1 billion with a massive Ponzi scheme they had been running for years, the Tahoe Daily Tribune reports. Jeff Carpoff, 49, pleaded guilty to conspiracy to commit wire fraud and money laundering, and is facing up to 30 […] Martin Kuprianowicz | January 29, 2020 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
Ski Patroller who Fleeced His Colleagues of $5.4-Million Faces Years in Jail after Failing to Repay Them in Full A stockbroker who worked as a part-time member of the ski patrol at Windham Mountain, NY faces a decade in prison after failing to repay $1.2 million he stole in an elaborate scam that targeted other members of the ski patrol, according to Times Union. Marone carried out the scam between 1998 and 2004, prosecutors said. Franklin S. Marone, 55, of […] Industry News Steven Agar | June 25, 2018 0 Comments
Jay Peak, VT Opens New $5-Million Development | Resort Will be For Sale in May to Repay Defrauded Investors The ribbon was cut Wednesday afternoon on the last major development at Jay Peak, coming just a few months before the resort is expected to hit the market in May in search of a buyer, reports vtdigger.org. This is good news for the 800-plus EB-5 investors who were defrauded in a massive Northeast Kingdom redevelopment scheme and will likely get most […] Industry News Steven Agar | February 22, 2018 0 Comments
Jay Peak, VT Owner Ariel Quiros Ordered to Repay $81.3 Million in International Fraud Case The U.S. Securities and Exchange Commission has reached a settlement with Jay Peak owner Ariel Quiros in the Jay Peak fraud case, holding him liable for paying back $81.3 million and fining him an additional $1 million, reports Burlingtonfreepress.com. He will avoid jail time though. Quiros, along with partner Bill Stenger, was accused by the SEC in April 2016 of perpetrating a […] Industry News Steven Agar | February 8, 2018 1 Comment
Fraud Climbs Kilimanjaro and Wins Triathlon while Collecting Disability Payments Former serviceman Mark Lloyd claimed that he couldn’t walk on uneven surfaces, bend or stretch, and needed walking aids after suffering a slipped disc and PTSD. Lloyd had been medically discharged from the Army in 2011, applied for personal independence payments in October 2014, and then reapplied in July 2016, saying his conditioned had worsened. The Welshman collected a total […] Spencer Miller | August 10, 2017 0 Comments
Receiver for Jay Peak Resorts Declines $93 Million offer from Bellwether Asset Management and Elicits Further Investigation In the spring of 2014 the Securities and Exchanges Commission (SEC) began investigation and a trial against Bill Stenger and Ariel Quiros. Stenger and Quiros are two major developers who took part in a large portion of the redevelopment for Jay Peak Resorts and its affiliates as well as other projects in the Northeast Kingdom and facilities throughout New England […] Dylan Cautela | September 8, 2016 0 Comments
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