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.
Love writing—and skiing? We've got an internship for you.
Editorial Internship If you're a motivated and self-directed college or grad-school student, we want you to join our editorial team in Boulder, Colo. Our 10- to 15-week internships offer upcoming reporters and editors a glimpse into the inner workings of two of the best ski publications in the country: Skiing magazine and Ski magazine. You give us hard work, and we'll make you an integral part of a close-knit family.