While allegations of wrong-doing only came to light this week, federal depositions with Ariel Quiros Sr. and Bill Stenger were taken nearly two years ago.
Documents were posted this week on the Vermont Department of Financial Regulation’s (DFR) website detailing the depositions.
Last week state officials accused Q Burke and Jay Peak partners Ariel Quiros Sr. and Bill Stenger of operating a “fraudulent scheme” using foreign investment money under the EB-5 program. All of the Quiros/Stenger projects have entered federal receivership except the Burke hotel and conference center. Authorities are taking steps to bring the Burke hotel under the same protection. An interim administrative team has stepped in at both Q Burke and Jay.
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