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Securities and Exchange Commission v. Quiros et al

  1. March 14, 2018

    Jay Peak Receiver Seeks OK On $1.5M Deal With Contractor

    The court-appointed receiver for the failed Jay Peak EB-5 project asked a Florida federal judge Tuesday to approve a $1.5 million settlement agreement with contractor PeakCM LLC, which represents a discount from the company's initial $2.75 million in claims.

  2. February 8, 2018

    Receiver Can Reinvest Funds From Fraud-Wracked EB-5 Deal

    A Florida federal judge has agreed to allow the court-appointed receiver for the failed Jay Peak EB-5 investment project to sink up to $67 million of immigrant investors’ money into a New York-based project that could give investors a chance to still get their green cards.

  3. February 2, 2018

    Jay Peak Owner Settles EB-5 Suit With SEC For $81M

    Miami-based businessman Ariel Quiros, the man behind an alleged scheme involving investments in Vermont ski resort Jay Peak, has agreed to pay back about $81 million of investor money that he used illegally, the U.S. Securities and Exchange Commission said Friday.

  4. February 1, 2018

    Receiver Seeks To Reinvest Cash From Jay Peak EB-5 Project

    The court-appointed receiver for an EB-5 project that went down in flames and was sued for fraud by the U.S. Securities and Exchange Commission in Florida federal court believes he has found a New York-based project he could sink up to $67 million into, giving investors a chance to still get their green cards.

  5. January 23, 2018

    SEC Settles With Jay Peak Water Park Contractors For $225K

    Five companies involved in the U.S. Securities and Exchange Commission’s $350 million EB-5 visa fraud suit against Jay Peak ski resort owner Ariel Quiros have agreed to pay $225,000 to settle claims related to the resort’s indoor water park.

  6. November 16, 2017

    SEC Nears Deal With Jay Peak Owner In $350M EB-5 Suit

    The U.S. Securities and Exchange Commission indicated Thursday that it is close to a settlement with Jay Peak ski resort owner Ariel Quiros in its suit against him over his role in a $350 million EB-5 visa fraud suit.

  7. September 28, 2017

    Attys Get Potential Path To Payment In $350M EB-5 Visa Case

    A Florida federal judge agreed Thursday to modify an asset freeze in a $350 million EB-5 visa fraud suit against embattled Jay Peak ski resort owner Ariel Quiros, clearing the way for his former attorneys to seek up to $1 million in insurance payments to cover fees they say they’re owed.

  8. September 22, 2017

    Ex-Attys Ask For Way To Get Paid In $350M EB-5 Fraud Case

    Former attorneys for embattled Jay Peak ski resort owner Ariel Quiros asked a Florida federal judge Friday to modify an asset freeze in the $350 million EB-5 visa fraud suit against their ex-client to allow them to be paid. 

  9. August 22, 2017

    SEC, Jay Peak Owner Reach A Deal In $350M EB-5 Suit

    The owner of the Jay Peak ski resort has agreed not to contest the U.S. Securities and Exchange Commission’s $350 million EB-5 visa investment fraud case, with both parties asking a Florida federal judge Tuesday to approve a permanent injunction against him while stating that the amount of damages owed is still to be determined.

  10. July 13, 2017

    Jay Peak Owner Fights To Keep Defenses In EB-5 Fraud Suit

    The owner of Jay Peak resort asked a Florida federal judge on Wednesday to keep alive his affirmative defenses in a $350 million EB-5 visa investment fraud case, saying the U.S. Securities and Exchange Commission’s bid to throw out most of his defense is a waste of time.