Uh oh...Jay Peak owner pulls a fast one on EB-5 investors

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Mister Moose
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investors

Post by Mister Moose »

Bubba wrote: ↑May 4th, '23, 17:31 Government responds to Stenger’s request to void restitution order.

https://vtdigger.org/2023/05/03/prosecu ... ion-order/
I try to give Bill 51% of the doubt in this whole affair, but this is a lame move. "I don't owe the money because the State should have done a better job stepping in sooner."

Nobody's sentence gets reduced because the police were slow getting to the scene of the crime. Argue the merits. And maybe a little sooner.
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Bubba
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investors

Post by Bubba »

Bubba wrote: ↑Apr 17th, '23, 20:04 Stenger wants to reduce his restitution payment by $250K.

https://vermontbiz.com/news/2023/april/ ... 00-payment
Well, that went nowhere...

Judge denies Stenger restitution request

https://www.wcax.com/2023/05/16/judge-d ... F16%2F2023
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Big Bob
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investors

Post by Big Bob »

Bubba wrote: ↑May 16th, '23, 19:03
Bubba wrote: ↑Apr 17th, '23, 20:04 Stenger wants to reduce his restitution payment by $250K.

https://vermontbiz.com/news/2023/april/ ... 00-payment
Well, that went nowhere...

Judge denies Stenger restitution request

https://www.wcax.com/2023/05/16/judge-d ... F16%2F2023
My guess is Bill doesn't have $250 K after paying all his legal bills. Will he be heading back to jail if he can't pay up?
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investors

Post by Bubba »

Burke Mountain auction expected by year end

https://www.wcax.com/2023/06/14/burke-m ... years-end/
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easyrider16
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investors

Post by easyrider16 »

Big Bob wrote: ↑May 17th, '23, 18:50 My guess is Bill doesn't have $250 K after paying all his legal bills. Will he be heading back to jail if he can't pay up?
In theory, you can't get put in jail for not being able to pay. If you are able to pay but try to avoid paying, then you can be put in jail.

Often what happens in these restitution cases is a payment plan over a long period of time. As a practical matter, if you put the guy in jail when he's broke, he's not going to be able to pay anything. Better to let him go try to make some money and take a portion of it over time.
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investors

Post by Bubba »

Another story on Burke's potential sale

https://www.vermontpublic.org/local-new ... F15%2F2023
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investors

Post by Bubba »

State reaches $16.5M global settlement to obtain bar order in EB-5 cases

https://vermontbiz.com/news/2023/july/0 ... 2F5%2F2023
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investors

Post by Bubba »

Governor Scott has concerns about settlement.

https://www.wcax.com/2023/07/06/gov-sco ... ettlement/
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investors

Post by Bubba »

EB-5 settlement details released

https://vtdigger.org/2023/08/28/vermont ... -get-1000/
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investors

Post by Bubba »

Looks like Vermont taxpayers are on the hook for the state’s settlement

https://vtdigger.org/2024/01/04/insurer ... ettlement/
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RENO
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investors

Post by RENO »

The state tried to get AIG to pay and they said no. Really? Shocking! :lol: Dumbass morons in the govt. So not a penny comes out of the pockets of Ariel Quiros, Stenger or any of the other a-holes responsible? Glad justice was served!
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easyrider16
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investors

Post by easyrider16 »

Um, if they made the deal thinking the insurer was going to pay, they are idiots. Almost every insurance policy I have ever seen explicitly states that coverage isn't available for fraud, illegal activity, etc. by the insured.

I do not think they are idiots, but they might think the voters are, hoping they will place blame on the insurer.
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hillbangin
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investors

Post by hillbangin »

RENO wrote:The state tried to get AIG to pay and they said no. Really? Shocking! Image Dumbass morons in the govt. So not a penny comes out of the pockets of Ariel Quiros, Stenger or any of the other a-holes responsible? Glad justice was served!
AIG? STOWE? Bernie?

Any connection?

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Bubba
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Re: Uh oh...Jay Peak owner pulls a fast one on EB-5 investors

Post by Bubba »

State’s Auditor’s report complete.

https://vermontbiz.com/news/2024/march/ ... 5-projects
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