Quiros, SEC can’t agree on damages in EB-5 fraud case

Ariel Quiros at the opening of Jay Peak Resort’s Stateside Hotel in December 2013. File photo by Hilary Niles/VTDiggerFederal regulators and the attorney for Jay Peak developer Ariel Quiros have failed to reach agreement on how much he should pay in penalties and damages in the largest EB-5 investor fraud case in the history of the program.
Attorneys for the two parties have previously discussed numbers that are far apart.
Lawyers for the U.S. Securities and Exchange Commission once pegged