Investors in a lawsuit who claim they were defrauded by Jay Peak’s owner Ariel Quiros say they want to look at the financial records of those close to him.
Attorneys for investors in the class-action case, led by investor Alexander Daccache of Brazil, seek access to records held by the financial services company Raymond James for Quiros’ daughter, Nicole Quiros, his son, Ary Quiros, and Jong W. Choi, one of his business partners.
“In light of the third parties’ involvement with Quiros and JCM (Jay Construction Management) — a Quiros controlled entity central to the alleged fraud — what (Raymond James) knew about these individual customers is relevant,” Thomas Tucker Ronzetti, an attorney for the investors, wrote in a recent filing.
Ary Quiros had operated Q Burke Mountain Resort in Vermont until it was later seized by federal regulators in a civil lawsuit brought by U.S. Securities and Exchange Commission filed against his father, who owned Q Burke at the time. The “Q” has since been dropped from resort’s name, as well signs throughout the property that had been emblazoned with the signature letter.
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