Experienced Skier Died After Freak Tree Strike Accident at Jay Peak, VT 68-year-old skier Bruce Charron took a turn on the edge of a run he’d skied a hundred times, lost a ski and hit a tree Sunday afternoon at Jay Peak Resort in Vermont. Ski patrollers performed CPR on Charron and loaded him in a rescue toboggan. But by the time they reached the infirmary at the bottom of the hill, […] Industry News SnowBrains | February 14, 2019 0 Comments
Jay Peak Resort, VT Will Be For Sale in ‘a Few Weeks’ | Could Vail Resorts be Interested? Jay Peak Resort, VT which was at the center of one of the biggest EB-5 frauds in history, moved a giant step closer to being sold Friday with the selection of an investment bank to represent it to potential buyers reports the Burlington Free Press. Federal receiver Michael Goldberg said he would file a motion in federal court late Friday or […] Industry News SnowBrains | January 8, 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
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
Jay Peak Resort, VT Extends Their Season | They Will Operate 7 Days A Week Through May 6th For the 9th season in a row, Jay Peak Resort, VT will spin the chairlifts in May. The resort announced that they will operate 7 days a week through Sunday, May 6th, 2018. They plan to spin Jet Triple, Stateside Carpet, Taxi Quad, and the Village Double through April 29th. Then, they plan to add Bonnie on April 28th & 29th. […] Industry News SnowBrains | April 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
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