SEC filing: Quiros discloses $150,000 account in Colombia

Jay Peak owner Ariel Quiros recently disclosed to federal regulators who are accusing him of investor fraud involving hundreds of millions of dollars that he had about $150,000 in an account in Colombia.

The news was included in a recent filing by an attorney for the U.S. Securities and Exchange Commission that also states Quiros is willing to give up ownership of other assets that had been known to federal regulators.

Those assets include a New York City condo and two properties in Newport that he had plans to develop, plans that have been shelved following the investor fraud allegations.

The move will allow a court-appointed receiver to sell the two Newport properties and prevent the condo from falling into foreclosure. The latter would have risked a loss to the receivership of millions of dollars in equity in that property, according to the filing.

Read more: https://vtdigger.org/2017/06/15/sec-filing-quiros-discloses-150000-account-colombia/