Red flags preceded fraud allegations at Jay Peak Resort

Boston Globe

By Hilary A. Niles Globe Correspondent  April 21, 2016

MONTPELIER — The news was stunning: Two of Vermont’s most prominent businessmen, Jay Peak Resort owner Ariel Quiros and president Bill Stenger, were accused last week of securities fraud and misuse of more than $200 million raised from investors since 2008.

But red flags had been waving for years over their use of a controversial federal program that grants US residency to foreigners in exchange for job-creating investments.

Continue reading at Boston Globe.

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