SEC Motion Gives Glimpse into Quiros' Monthly Expenses
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
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