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
Shares of Harley-Davidson went into a skid after an analyst said he expected the bike maker to report a steep drop in sales.
Harley-Davidson’s stock tumbled 13% last week after Wall Street said it could no longer buy into the bike maker’s rosy outlook and that its main rival was stealing market share from it.
Harley-Davidson’s fourth-quarter earnings report gave the company a boost as it seemed to suggest that the company had managed to just make its numbers while providing investors with an outlook that perhaps the … More
Most of us will never surf and the ranks of corporate boardrooms aren’t exactly crowded with surfers, so it probably strikes some as odd that surfing can teach us some powerful lessons. Despite the obvious lifestyle differences between those who wear power suits and those who wear wetsuits, surfing can teach us much about succeeding in business: … More
Right now some of the world’s best surfers have no major sponsor. Traditionally the companies who pay surfers the most money have their logo placed on the nose of the surfer’s board. When the contracts go, so do the stickers. Here are six of the best who currently have plenty of surfboard real estate up for sale … More