Tag: Jay Peak
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Key Biscayne businessman orchestrated $200 million rip-off against foreign investors seeking green cards
By Francisco Alvarado
FloridaBulldog.org
For eight years, Ariel Quiros lorded over a slate of Vermont real estate projects that raked in more than $350 million in capital from rich foreigners aiming to obtain green cards for themselves and their family members through the U.S. government’s EB-5 visa program. Now the Key Biscayne-based entrepreneur is set to relinquish what’s left of his stake to settle a U.S. Securities and Exchange Commission civil complaint that accused him of misusing $200 million of those foreign investments.
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