Quiros (one of the Jay Peak developers) associate paid $7.9M for supervisory services at AnC Bio VT

William Kelly works mainly out of an office in his sprawling $1.75 million home in South Florida.

The 7,474-square-foot residence is located on Stallion Lane in the town of Weston, which bills itself as one of the Sunshine State’s “most desirable communities, both residential and corporate.”

Kelly, 67, spent more than seven hours in July 2014 in the Miami office of the U.S. Securities and Exchange Commission. He was there to answer questions about his role in the development of a $110 million biomedical center in downtown Newport, a remote Vermont town near the Canadian border and about 1,625 miles from his home office.

That development, now stalled, is one of several projects that are part of federal and state lawsuits alleging investor fraud leveled earlier this year against Kelly’s longtime friend and business associate Ariel Quiros, a fellow Florida resident, and Bill Stenger, of Newport.

Read more: http://vtdigger.org/2016/09/01/quiros-associate-paid-7-9m-supervisory-services-anc-bio-vermont/