- Associated Press - Thursday, September 22, 2016

JAY, Vt. (AP) - The federal receiver appointed to oversee Jay Peak says recent offers to purchase the beleaguered Vermont ski resort aren’t genuine.

The Caledonian Record reports (https://bit.ly/2cqqg5L ) Michael Goldberg wrote in a 62-page filing that he believes the $93 million offer, and subsequent $203 million offer, from Florida-based Bellwether Asset Management shouldn’t be taken seriously.

BAM’s initial offer was cited by attorneys for Ariel Quiros in an attempt to unfreeze some of their client’s assets to pay legal fees. Quiros, the owner of Jay Peak and Burke Mountain, is facing federal fraud charges.

Goldberg says the offer has “created a great deal of misinformation” and he’s concerned about the validity of BAM’s Letter of Intent. The receiver says he’s never seen anything like it in 25 years of work.


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

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide