Securities and Exchange Commission v. Quiros et al

  1. October 18, 2016

    Quiros Blasts SEC's 'Unseemly' Moves In EB-5 Atty Fee Suit

    Jay Peak ski resort owner Ariel Quiros threw another punch in his increasingly nasty fight with the U.S. Securities and Exchange Commission over attorneys' fees in a $350 million EB-5 visa suit, telling a Florida federal court Monday that the SEC has made "a series of unseemly attempts" to force him to fire his legal counsel.

  2. October 13, 2016

    SEC Slams Jay Peak Owner's Latest Fee Bid In EB-5 Suit

    The U.S. Securities and Exchange Commission ripped into Jay Peak ski resort owner Ariel Quiros' latest bid for an order allowing a payment of lawyers' fees in the agency's $350 million EB-5 suit, saying it's seeking to have his attorneys compensated at "outlandishly high rates."

  3. October 11, 2016

    Group Attacks $13.3M Citibank Pact In Jay Peak EB-5 Suit

    A group of EB-5 investors whose funds made up a portion of more than $200 million allegedly misused by the owner of Vermont ski resort Jay Peak told a Florida federal court Monday that a $13.3 million settlement with Citibank doesn't fairly compensate them and should not be approved.

  4. September 28, 2016

    Vt. Ski Resort Owner Seeks Atty Fees Amid SEC EB-5 Probe

    A Vermont ski resort owner accused by the U.S. Securities and Exchange Commission of misusing more than half of the $350 million in funds raised under the EB-5 immigrant investor program asked a Florida federal court on Wednesday to let him use a recent mortgage on his South Beach condo to cover more than $550,000 in legal fees.

  5. September 22, 2016

    Jay Peak CEO Barred From Using EB-5 Program

    A Florida federal judge signed off on a settlement agreement barring Jay Peak CEO William Stenger from selling securities through the EB-5 investor program on Wednesday, closing the book on the U.S. Securities and Exchange Commission's claims he helped the resort's owner take $50 million from visa-seeking foreigners.

  6. September 19, 2016

    Receiver In Jay Peak Case Has Doubts About Asset Offer

    The receiver for bankrupt Vermont ski resort Jay Peak questioned resort owner Ariel Quiros' claim to have received a valid $93 million offer for the property, saying Friday his proof is a poorly worded letter from a man himself facing fraud claims.

  7. September 06, 2016

    Jay Peak Owner Slams SEC's 'Bluster' In EB-5 Fraud Case

    Jay Peak Resort owner Ariel Quiros shot back Friday at the Securities and Exchange Commission in its fraud case over an alleged $350 million scheme involving the Vermont resort and its EB-5 immigrant investor program, arguing the SEC's "straw man" claims are time-barred and without substance.

  8. September 02, 2016

    Jay Peak CEO Settles $50M EB-5 Investment Swiping Case

    Jay Peak CEO William Stenger has agreed to resolve allegations that he and the Vermont ski resort's owner skimmed $50 million from foreign investors seeking visas, the U.S. Securities and Exchange Commission said Thursday, a deal that will see Stenger permanently barred from selling securities in the EB-5 immigrant investor program.

  9. August 30, 2016

    Jay Peak Receiver Seeks OK For $13M Citibank Settlement

    The court-appointed receiver for Vermont's embattled Jay Peak ski resort asked a Florida court Tuesday to approve a $13.3 million settlement with Citibank and end the bank's part in the U.S. Securities and Exchange Commission suit against the resort's owner.

  10. August 23, 2016

    Jay Peak Owner Says SEC's Case Fee Dispute Is 'Unseemly'

    Jay Peak ski resort owner Ariel Quiros told a Florida federal court Monday that the U.S. Securities and Exchange Commission is making an "unseemly attempt" to deprive him of counsel by opposing his fee application in a $350 million EB-5 suit.