Businessman in ski resort fraud case agrees to pay $81M
MONTPELIER, Vt. (AP) " A Miami businessman accused of massive fraud involving foreign investors' money in a Vermont ski area has agreed to pay back more than $81 million and give up ownership of two ski resorts, the Securities and Exchange Commission said Friday.The proposed settlement with Ariel Quiros must be approved by a court.Quiros was accused of misusing more than $50 million from more than 700 foreigner investors through a special visa program to buy a ski resort and to [...]
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