Jay Peak Fraud Case

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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.
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