After federal indictments were handed down last week, defendants in the Jay Peak fraud were hauled into court in handcuffs, marking a key milestone in what authorities say was a long-running sophisticated Ponzi scheme—and the biggest fraud in the history of Vermont.

Prosecutors leveled charges against four men, including the two lead developers who promised to bring thousands of jobs to the Northeast Kingdom through a series of projects worth hundreds of millions of dollars — Ariel Quiros, who allegedly masterminded the swindling of hundreds of foreign investors, along with his partner, Bill Stenger.

Source: https://vtdigger.org/2019/06/02/vermont-biotech-project-triggered-federal-fraud-charges-video/

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