- Associated Press - Saturday, August 27, 2016

MONTPELIER, Vt. (AP) - The owner of two Vermont ski resorts who’s accused of defrauding foreign investors of more than $200 million through a visa program is asking a judge to release some of his frozen assets to pay his legal fees.

The Caledonian Record (https://bit.ly/2bUzyo5 ) reports that attorneys for Ariel Quiros, owner of Burke Mountain and Jay Peak ski resorts, want the judge to release $640,000 in the case.

They argue the government is depriving Quiros of defending himself if he can’t use funds from a condo he was allowed to mortgage to pay legal debts.

His attorneys say a Florida firm has offered to purchase Jay Peak Inc. for $93 million, which shows Quiros has ample assets available to satisfy any judgment against him.


Information from: The Caledonian-Record, https://www.caledonianrecord.com

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