The alleged fraud involving developers in the Northeast Kingdom has put new scrutiny on donations to the Vermont Democratic Party. The party’s three candidates for governor now say the VDP should give up the contributions it received from the man at the center of the scandal.
Between 2012 and 2014, Jay Peak owner Ariel Quiros and one of his close associates donated $30,000 to the Vermont Democratic Party. Those contributions came under a microscope last month when the Securities and Exchange Committee charged Quiros and Jay Peak CEO Bill Stenger with misappropriating $200 million from foreign investors.
Federal officials say that in addition to the misappropriations, Quiros outright stole $50 million from investors to subsidize luxury purchases, including a $2.7 million condominium at Trump Place in New York City.
Democratic candidates for governor are now weighing in on whether the party should return those funds.
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