A Miami businessman is going to federal court to challenge a U.S. Securities and Exchange Commission lawsuit claiming fraud in his Vermont projects.
May 10, 2016 at 12:00 AM
1 minute read
A Miami businessman is going to federal court to challenge a U.S. Securities and Exchange Commission lawsuit claiming fraud in his Vermont projects.
The SEC accuses Ariel Quiros in civil complaints of misusing some $200 million from investors and improperly diverting about $50 million for his own use. The projects at a Vermont ski resort include a biomedical research facility, a hotel and rental cottages.
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