Jay Peak Fraud Case

TomWhiteTomWhite advanced
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News > Local-Regional (/News/Local-Regional/)

 Federal Receiver in Vt. Ski Resort Fraud Case
Gets $1.3M
Associated Press
Thursday, July 20, 2017
Montpelier —
 A federal receiver overseeing a Vermont ski resort that was part of a massive fraud scheme will receive $1.3
million to cover his expenses.
A federal judge authorized the payment to Michael Goldberg out of the $25 million set aside for attorney fees in a $150
million settlement.
Jay Peak owner Ariel Quiros, of Miami, and former president Bill Stenger were accused of misusing $200 million raised from
foreign investors through a special visa program.
Stenger has settled civil charges with the Securities and Exchange Commission. Quiros’ lawyers have said he will be cleared
of wrongdoing.
Goldberg’s application said the money was needed to pay his own attorney, a forensic accounting rm,
an immigration
specialist and a Canadian law firm.

Comments

  • TomWhiteTomWhite advanced
    Posts: 497

    This is ropeways posting the Seattle Time posting Burlington
    Free Press posting AP.

     

    State tries to dismiss lawsuit in ski resort visa
    fraud case

    Originally published
    October 11, 2017 at 1:59 pm Updated October 11, 2017 at 2:30 pm

    By

    The Associated
    Press

    The Associated Press

    HYDE PARK, Vt. (AP)
    — Vermont officials say the state shouldn’t be liable for losses in a fraud
    case that cost a ski resort’s foreign investors millions of dollars and
    potentially the opportunity to live in the United States.

    The Burlington Free
    Press reports the state attorney general’s office filed a motion Monday to
    dismiss the investors’ lawsuit, saying the government employees named should be
    immune.

    The state also says
    the investors can’t file a lawsuit on their own because a federal receiver is
    representing their interests.

    Jay Peak ski resort
    owner and Miami businessman Ariel Quiros and former Jay Peak president William
    Stenger were accused of misusing more than $200 million raised from foreign
    investors through a visa program.

    Quiros has reached
    a partial settlement with the Securities and Exchange Commission. Stenger has
    settled with the SEC.

    ___

    Information from:
    The Burlington Free Press, http://www.burlingtonfreepress.com

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