Quiros

Judge OKs $13.3 Million Jay Peak Settlement With Citibank

A federal judge has approved a $13.3 million settlement between a court-appointed receiver overseeing properties at the center of the largest alleged fraud case in the state’s history and a bank for one of the accused developers. “The settlement agreement was entered into in good faith, is at arm’s length, and is not collusive,” Judge Darrin P. Gayles wrote on Tuesday, after accepting the …


Investor Files Class Action Lawsuit in Jay Peak Fraud Case

A foreign investor has filed a class action lawsuit against two developers accused of misusing $200 million in investors’ funds for developments in northern Vermont. Alexandre Daccache is suing developers Ariel Quiros and William Stenger, the financial firm Raymond James, and Joel Burstein, Quiros’ then-son-in-law who worked at Raymond James. The lawsuit filed Tuesday in …