United States of America vs Ariel Quiros & Bill Stenger
Filing Date:May 21, 2019
Case:United States of America v. Ariel Quiros, William Kelly, Jong Weon Choi, and William Stenger
Jurisdiction:Federal District Court for the District of Vermont
Civil / Criminal:Civil
A federal grand jury has criminally charged former Jay Peak developers Bill Stenger and Ariel Quiros in a 14-count indictment.
Federal prosecutors allege Quiros, Stenger and two other business partners committed criminal fraud in the development of a proposed biomedical facility in Newport.
Bill Kelly, an adviser for Quiros, and Jong Weon (Alex) Choi, who ran AnC Bio Korea, were also charged criminally for fraud associated with the AnC Bio Vermont project. Kelly has pleaded not guilty.
All four defendants are charged with conspiracy to commit wire fraud and concealing the truth about AnC Bio Korea, which was at the center of an investor fraud scheme in South Korea.
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