Soon after he arrived in the state two weeks ago, Michael Goldberg ditched his suit in favor of the sweaters and slacks of “Vermont casual.”
Goldberg is the attorney appointed by a federal court in Miami to dig the Northeast Kingdom out of the biggest alleged fraud in its history. He said Wednesday he wanted to fit in as he determines the fate of Jay Peak and Q Burke ski resorts, and two properties in Newport developed by Bill Stenger and Ariel Quiros. Hence, the wardrobe change.
Stenger and Quiros are accused by the U.S. Securities and Exchange Commission of a $200 million “Ponzi-like” scheme in which they diverted money collected from foreign investors in the federal EB-5 program from its intended use for other purposes. In the case of Quiros, the SEC alleges he used $50 million for his personal benefit. Both men deny the charges.
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