Jay Peak News

Vermont to Freeze Remaining Assets in Ski Resort Fraud Case

A judge has approved freezing the remaining assets of a former Vermont ski resort owner who is being investigated on suspicion of investment fraud. Michael Pieciak, commissioner of the state Division of Financial Regulation, tells the Caledonian Record the judge …

Businessman in Vermont Ski Resort Fraud Case Agrees to Pay $81M

A Miami businessman accused of massive fraud involving foreign investors’ money in a Vermont ski area has agreed to pay back more than $81 million and give up ownership of two ski resorts, the Securities and Exchange Commission said Friday. …

Vermont Ski Resort Owner Suing Insurer to Fund Defense in Fraud Case

A Vermont ski resort owner is suing his insurer in federal court for more than $2 million to fund his legal defense against fraud accusations brought by the Securities and Exchange Commission. Jay Peak owner Ariel Quiros and former president …