A U.S. District Court judge in Miami granted permission Thursday for the court-appointed receiver in charge of Jay Peak Resort to close on a deal to sell a condominium unit at the resort today.
It marks the first court-ordered sale of assets in the Northeast Kingdom Economic Development Initiative including Jay Peak and QBurke resorts since they were taken over by a court-appointed receiver two weeks ago.
Jay Peak owners Bill Stenger and Ariel Quiros are facing a lawsuit by the U.S. Securities and Exchange Commission over allegations that Stenger facilitated Quiros’s misuse of $200 million of EB-5 foreign investments and fraud involving $50 million. The properties are under court control, managed by the court-appointed receiver Michael Goldberg, a Florida attorney.
In an order handed down Thursday, U.S. District Court Judge Darrin P. Gayles in the Southern District of Florida gave Goldberg permission to sell Unit 314 at 268 North Village Road in Phase 1 of Jay Peak Village at the resort in Jay.
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