Quiros, EB-5 fraud scandal 'mastermind,' gets $200K Vermont tax refund check
Ariel Quiros, the former Jay Peak owner accused of masterminding a fraud involving hundreds of millions of dollars, just received a $200,000 tax refund from the state of Vermont, according to court records.
It’s unclear how much, if any, of those funds Quiros will pocket. At least half, or $100,000, will go to the receivership currently overseeing the Northeast Kingdom ski resort.
The other $100,000, according to the filing, is expected to be used by Quiros to pay his mounting legal bills and other costs to defend himself against the investor fraud allegations.
The $200,000 check, according to the recent filing, is from the state Department of Taxes as a result of the “overpayment of state income taxes on behalf of Mr. Quiros and his wife” in 2015, a year before state and federal regulators brought investor fraud lawsuits against him.
Read more: https://vtdigger.org/2018/11/21/quiros-eb-5-fraud-scandal-mastermind-gets-200k-vermont-tax-refund-check/
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