SEC Motion Gives Glimpse into Quiros' Monthly Expenses

SEC Motion Gives Glimpse into Quiros' Monthly Expenses

EB-5 Visa, EB5 Visa, EB-5 Investment

On Friday the SEC filed a motion intended to keep most of Ari Quiros' assets frozen as part of its legal action against the EB-5 developer.

Quiros has asked the court to unfreeze $300,000 in monthly professional expenses and $100,000 in "living expenses."

The SEC argues "approximately $90,000 of the monthly expenses are for luxury items, non-necessities, or for undocumented expenses. Accordingly, the Court should deny his request."

Among Quiros' reported expenses:

• Adult Daughter’s Living Expenses: $6,310

• Granddaughter’s Trips to Florida: $590/month

• Adult Daughter’s Cable/Internet Service: $267/month

• Adult Daughter’s Maintenance Charges: $1,737/month

• Adult Son’s Living Expenses: $5,000/month

• Lease for one of Several Luxury Automobiles: $3,295/month

• Lease for Wife’s Luxury Car: $1,761/month

• Yacht Club Fee: $147/month

• Military Jeep Collection Storage, Upkeep: $3,000/month

• Maintenance and Property Taxes on Luxury New York Condominium: approximately $5,800/month

• Parking and Cable/Internet/Phone relating to Luxury New York Condominium: $865/month

• Expenses relating to Bahamas Condominium: $239/month

• Property Taxes on Vermont Properties: $15,583/month

• Property Insurance for Vermont, New York and Florida Properties: $1,477/month

• Expenses For a Money Losing Restaurant: $15,000/month

• Office Expenses for Unspecified Businesses: approximately $6,000/month
Personal Assistants: $6,650 a month

• Semi-annual payment for 8-year-old granddaughter’s private elementary school tuition: $21,775 (total $45,000/year)

• Medical Insurance: $5,414/month

• Homeowners Association Fee: $379/month

• AT&T: $184/month

• Cell Phone Bill: $732/month

• Homeowners Insurance: $3,447/month

• Lexington Insurance umbrella policy: $2,052/month

• Goods, gas, household items, and medications: $5,000/month


Litigation Cases


  • Vermont

Securities Disclaimer

This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.