15:0077 Securities Fraud
A Florida federal court on Monday approved a settlement involving an office condominium owned by former ski resort owner and Miami businessman Ariel Quiros, almost a year after he settled claims lodged by the U.S. Securities and Exchange Commission that he misappropriated millions of dollars from immigrant investors.
People's United Financial Inc. asked a Florida federal judge Thursday to deny a receiver's bid to protect Ariel Quiros, allegedly the architect of a $350 million EB-5 visa fraud scheme involving Vermont ski resort Jay Peak, saying there is no legal basis to reward Quiros by sheltering him from further claims.
The receiver for the failed Jay Peak EB-5 project asked a Florida federal judge Friday to approve a settlement ending the suit against a former ski resort owner over a $350 million investment fraud scheme, calling the deal an "important step" in allowing the receiver to sell the property and compensate investors.
A Florida federal court has approved a settlement reached between the court-appointed receiver for the failed Jay Peak EB-5 project and the town of Jay, Vermont, on interest and penalties stemming from $2 million in property taxes paid late to the town.
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.
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.
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.
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.
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.
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.