Securities and Exchange Commission v. Quiros et al

  1. May 06, 2016

    Resort Owner In EB-5 Fraud Suit Rips SEC's Receivership Bid

    A Vermont ski resort owner, accused by the U.S. Securities and Exchange Commission of misappropriating the bulk of $350 million in investments obtained under the EB-5 immigrant investor program, told a federal judge Thursday there are no grounds to put a receiver in control of his "completely legitimate businesses."

  2. April 28, 2016

    Jay Peak EB-5 Case Shines Light On Need For Fund Monitors

    Following the U.S. Securities and Exchange Commission's fraud case involving the Jay Peak ski resort, attorneys who regularly work on EB-5 projects are shifting their focus to fund monitoring and watching for congressional action to ensure integrity in the foreign investor program.

  3. April 21, 2016

    SEC Gets Injunction Against Ski Resort And CEO In EB-5 Suit

    A Florida federal judge on Thursday barred a Vermont ski resort CEO, who the U.S. Securities and Exchange Commission is accusing of helping misappropriate $350 million in investments obtained under the EB-5 immigrant investor program, from committing securities violations amid a fight by the resort’s owner over a $200 million asset freeze.

  4. April 20, 2016

    Resort Owner Says SEC Can Only Freeze $50M In EB-5 Suit

    A ski resort owner accused of misappropriating much of $350 million in investments obtained under the EB-5 immigrant investor program asked a Florida federal court Tuesday to lift an order freezing his assets, saying the U.S. Securities and Exchange Commission seeks far less than the amount frozen.

  5. April 14, 2016

    SEC Accuses Ski Resort Owner, CEO Of $350M EB-5 Fraud

    The U.S. Securities and Exchange Commission slapped the owner and CEO of a Vermont ski resort with a fraud suit accusing them of misappropriating the bulk of $350 million in investments obtained under the EB-5 immigrant investor program, according to documents filed in Florida federal court unsealed Thursday.