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Assurances aren t enough: Pressure mounts on ski resort owner in Vermont s largest fraud

Assurances aren’t enough: Pressure mounts on ski resort owner in Vermont’s largest fraud April McCullum and Dan D Ambrosio, Burlington Free Press © EMILY McMANAMY/FREE PRESS FILE The Pump House Indoor Water Park at Jay Peak Resort is a humid oasis away from the cold ski conditions on Jay s mountains. The resort opened the water park to provide options for skiers and non-skiers. A series in 4 parts To those who were watching carefully in 2012, the cracks in Ariel Quiros’ scheme were beginning to show. The first public sign of trouble at Jay Peak ski resort came from Douglas Hulme, a British broker who had been given exclusive marketing rights for the resort’s first EB-5 projects.

United statesUnited kingdomNew yorkBurke mountainSouth korea generalSouth koreaTrump placeJay peakDouglas hulmeRaymond jamesJoel bursteinAriel quirosAriel quiroJohn carpenterAlex choiMike dupont

Pressure mounts on Jay Peak owners as fraud scheme unravels

April McCullum and Dan D Ambrosio, Burlington Free Press Published 6:29 pm UTC Dec. 22, 2020 Show caption Hide caption Bill Stenger (center) introduced Dr. Ike Lee, CEO of AnC Bio Vermont (right), and Todd Bacheldor, CEO of Menck Windows Vermont (left), at the former Bogner facility that will house AnC Bio and Menck in Newport on Thursday, April 10, 2013. The two companies are participants in Stenger s $600 million, EB-5 visa program-financed in the Northeast Kingdom. GLENN RUSSELL/FREE PRESS To those who were watching carefully in 2012, the cracks in Ariel Quiros’ scheme were beginning to show. The first public sign of trouble at Jay Peak ski resort came from Douglas Hulme, a British broker who had been given exclusive marketing rights for the resort’s first EB-5 projects.

United kingdomNew yorkUnited statesSouth korea generalSouth koreaTrump placeJay peakDouglas hulmeRaymond jamesJoel bursteinAriel quirosAriel quiroJohn carpenterAlex choiMike dupontExchange commission

Assurances aren t enough: Pressure mounts on ski resort owners in Vermont s largest fraud

Assurances aren’t enough: Pressure mounts on ski resort owners in Vermont’s largest fraud April McCullum and Dan D Ambrosio, Burlington Free Press © EMILY McMANAMY/FREE PRESS FILE The Pump House Indoor Water Park at Jay Peak Resort is a humid oasis away from the cold ski conditions on Jay s mountains on Wednesday Feb. 8, 2012. Jay opened the water park to provide year-round resort options for both skiers and non-skiers. This is the second of a three-part investigation. Read the first story here: To those who were watching carefully in 2012, the cracks in Ariel Quiros’ scheme were beginning to show. The first public sign of trouble at Jay Peak ski resort came from Douglas Hulme, a British broker who had been given exclusive marketing rights for the resort’s first EB-5 projects.

United statesNew yorkBurke mountainUnited kingdomTrump placeJay peakWhite plainsSouth korea generalSouth koreaNeil taylorKen straussRaymond jamesFred burgessAriel quirosBill kellyAriel quiro

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