EB-5 foreign investor money was misspent, investors were misled by Stenger and Quiros, says SEC. Assets frozen. Court places Vermont resorts in receivership.
The beauty of the EB-5 Immigrant Investor Program, Jay Peak co-owner Bill Stenger told SKI Magazine last year, was that it provided him with “patient capital,” the kind he and partner Ariel Quiros weren’t required to pay back on a set timeline as they went about developing Jay and Q Burke resorts in Vermont.
Their wealthy foreign investors did get one immediate return: U.S. visas, and a path to U.S. citizenship, for themselves and their families. And Vermont workers … More
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After a year hiatus, the anticipation for the 2016 edition of the Holy Bowly was immense. On Monday, April 11th, Snowboy Productions head honcho, Krush Kulesza opened the gates and 150 snowboarders, all stripes of turning styles present, flooded into the largest transition paradise ever built. The crew of riders is one of the most epic assembled, the Mammoth Unbound-pushed course is absolutely insane and the snowboarding that has already gone down as everyone has started to find lines and pick apart the bumps, boobs, and tranny. Enjoy a sampling of the creativity, flow, and real awesome boarding that has already gone down and stay tuned for more over the next five days.
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