Quiros asked the court to unfreeze his assets last week, writing in a statement that he was unable to pay his legal fees or take care of his basic living expenses.
The court granted Quiros access to three Merrill Lynch accounts containing $41,308.69. Quiros asked the court to unfreeze all but $50 million of his assets. He estimated his net worth to be about $200 million.
SEC investigators said Quiros diverted $50 million of EB-5 funds for his own personal use. Quiros said in his argument to the court that he has fully cooperated with the SEC investigation and has not done anything wrong.
- Vermont EB5 Regional Center
- Jay Peak - Q Burke Mountain Resort, Hotel and Conference Center L.P.
- UNITED STATES SECURITIES AND EXCHANGE COMMISSION
- Ariel Quiros
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