February 02, 2018

Ariel Quiros, William Stenger, Jay Peak, Inc., et al.

Offering Fraud

SANCTION AMOUNT: Approximately $82,500,000

Defendants: Jay Peak, Inc., et al.
Ariel Quiros, William Stenger

This case involved alleged fraudulent offerings of EB-5 investments by Quiros and his businesses in Vermont-based ski resort "Jay Peak." Quiros allegedly misused more than $50 million in investor funds, and his businesses failed to contribute as promised, jeopardizing the EB-5 status of investments that were not misused.

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