Securities and Exchange Commission v. Quiros et al

  1. August 22, 2023

    Vermont Ends EB-5 Visa Ski Resort Fraud Claims For $16.5M

    Vermont agreed to pay $16.5 million to resolve claims it failed to detect a $350 million ski resort EB-5 visa fraud scheme, with funds intended to go to victims who didn't obtain green cards, a Tuesday settlement approval bid states.

  2. January 06, 2022

    Merrill To Pay $4.5M To End Jay Peak-Related Oversight Claim

    Merrill Lynch has agreed to pay $4.5 million to end claims related to its alleged oversight and management of accounts opened by the mastermind of the $350 million Jay Peak Ski Resort EB-5 visa fraud scheme, according to a settlement approval bid in Florida federal court Thursday.

  3. September 07, 2021

    Businessman Drops Appeal Of $32.5M Vt. Resort Investor Deal

    A Miami businessman accused of stealing $50 million from immigrant investors in Vermont's Jay Peak ski resort is dropping his appeal of a recently approved settlement with law firm Mitchell Silberberg & Knupp LLP that is expected to pay his alleged victims more than $30 million, according to his attorney.

  4. August 19, 2021

    Jay Peak Receiver Slams Quiros' Appeal Of $32.5M Settlement

    A Miami businessman accused of stealing $50 million from immigrant investors in Vermont's Jay Peak ski resort should have to post a bond if he wants to appeal the confirmation of a settlement with law firm Mitchell Silberberg & Knupp LLP that is expected to pay his alleged victims more than $30 million, a court-appointed receiver has argued.

  5. June 04, 2021

    Mitchell Silberberg & Knupp Ink $32M Deal For Jay Peak Role

    Mitchell Silberberg & Knupp LLP has agreed to pay $32.5 million to resolve claims from investors and a court-appointed receiver that the law firm and one of its partners breached their fiduciary duty and assisted an EB-5 immigrant investor fraud scheme involving the Jay Peak ski resort in Vermont.

  6. April 28, 2021

    Raymond James Gets Bigger Chunk Of $8M Jay Peak Deal

    A Florida federal judge signed off on an amendment Wednesday that increases investment bank Raymond James & Associates' entitlement to recoveries in an $8 million settlement resolving claims against law firms implicated in the failed Jay Peak ski resort EB-5 immigrant investor scam.

  7. April 27, 2021

    People's United Bank Will Pay $1.75M To Exit Jay Peak Suit

    People's United Bank NA will pay $1.75 million to end investor claims that the bank misappropriated their funds for the Jay Peak Ski Resort project in Vermont, the court-appointed receiver has told a Florida federal court.

  8. April 06, 2021

    Jay Peak EB-5 Fraud Case's $8M Deal Nabs Final Approval

    A Florida federal judge on Tuesday granted final approval of the $8 million settlement between the law firms implicated in the failed Jay Peak ski resort EB-5 immigrant investor scam, investors and the U.S. Securities and Exchange Commission.

  9. March 05, 2021

    Raymond James Fights $8M Deal In Jay Peak EB-5 Fraud Case

    Investment bank Raymond James & Associates opposed on Thursday a proposed $8 million settlement that would resolve claims against law firms implicated in the failed Jay Peak ski resort EB-5 immigrant investor scam, arguing that the deal doesn't account for its entitlement to 75% of the resort receiver's proceeds.

  10. February 01, 2021

    Attys Seek $2.5M Fees For Jay Peak-Linked Malpractice Case

    Attorneys who helped investors land an $8 million settlement in a malpractice suit against their former counsel in litigation over the failed Jay Peak EB-5 immigrant investor project have asked a Florida federal court to approve distribution of $2.45 million in attorney fees.