The Securities and Exchange Commission is proposing court dates for the litigation of charges against Ariel Quiros, a Miami businessman who is accused of stealing more than $55 million from immigrant investors in the Jay Peak projects.
The SEC filed a scheduling report last week with the U.S. District Court in Miami, based on a conference call with defense attorneys June 24.
Attorneys for the federal regulator have requested the trial start in October 2017. The SEC wants an immediate start to discovery, a process in which defense and plaintiffs attorneys gather documents and depositions.
Quiros’ attorney David Gordon says discovery should not move forward until U.S. District Judge Darrin Gayles issues a decision on the defense’s motion to dismiss the case. Gordon says the trial should start at least 19 months after the start of discovery.
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