Two men who have an inside view of the EB-5 scandal and fallout have hopes for the future.
One is a well-known local man who works at Jay Peak Resort.
The other is an investor who wants to see his $500,000 be used to complete expansion at Jay Peak, create jobs and guarantee him a green card.
Both reacted this week to the fallout from the lawsuits against Bill Stenger of Newport City and his partner Ariel Quiros and their Northeast Kingdom Economic Development Initiative. Stenger is accused of facilitating Quiros’ misuse of $200 million in EB-5 foreign investments and fraudulent use of $50 million. Quiros and Stenger have denied the complaints filed in U.S. District Court by the U.S. Securities and Exchange Commission.
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