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
Jay Peak, VT Receiver Reaches $13.3 Million Settlement To Keep Jay Peak Afloat… Back in April 2016, the Securities and Exchange Commission announced fraud charges and an asset freeze against a Vermont-based Jay Peak ski resort and related businesses allegedly misusing millions of dollars raised through investments solicited under the EB-5 Immigrant Investor Program. (Snowbrains has already published it here ) State of Vermont and SEC officials each filed civil lawsuits against resort co-owners Bill Stenger and Ariel […] Claire Weiss | September 22, 2016 0 Comments
$500 Million Homewood Project Moves Forward | Groundbreaking in Spring 2015 Environmentalist were able to get a judge to block Homewood, CA ski resort’s major development one year ago. The judge blocked the development stating that the environmental impact statement needed revision. Since that blockage, the environmental impact statement has been revised and the development plan has been slightly […] SnowBrains | February 4, 2014 5 Comments
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