Ski Mogul gets 5 years in ‘massive’ Vermont EB-5 fraud case

By Max Jaeger (April 29, 2022, 6:18 p.m. EDT) – A former ski resort owner was sentenced Friday to five years in prison and more than $8.3 million in restitution for his role in a snow job of $85 million to raise funds for the ill-fated AnC Vermont biotechnology facility of immigrants seeking US investor visas.

Ariel Quiros’ conviction caps what has been reported as the largest case of fraud ever recorded in Vermont. Quiros, 65, must serve three years of probation after his prison sentence, and he is jointly responsible for restitution alongside former in-house counsel William Kelly, according to an order by U.S. District Judge Geoffrey W. Crawford. A third co-defendant, William Stenger,…

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