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Huge Mess at Jay Peak & Burke in VT

#41
Hindsight is always 20/20 but in retrospect it seems flipping insane to think that a biomedical facility would be successful in the NEK. Burlington has enough trouble attracting STEM talent. To think that Newport would be able to entice scientists with a single employer in town is utter folly. And while it may have claimed to bring jobs to the region, the locals don’t have the education level to support such a facility.
 

ski diva

Administrator
Staff member
#42
Update to this long and tragic tale:

Quiros has pled guilty to three of the twelve charges brought by federal prosecutors here in Vermont: Conspiracy to commit wire fraud, money laundering, and concealing of material information. He'll remain free on conditions pending a sentencing hearing that hasn’t yet been set.

As part of a plea deal, prosecutors can ask for a sentence of up to 97 months, or a little more than eight years, behind bars for Quiros at a later sentencing hearing. His attorney can argue for a shorter prison term.

More here.

BTW, Jay Peak (and Burke) are still for sale, if anyone is interested.
 
Last edited:

2ski2moro

Ski Diva Extraordinaire
#43
With Quiros and Stenger out, who is running Jay day-to-day?
 
#44
While the the resort is in receivership, Steve Wright is President/General Manager and has been since the start of the receivership . He has been with Jay for 16 years.
 

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