Your recent coverage of this (EB-5) fiasco includes, “The subcontractors who built the resort are owed millions and, as Quiros’s assets have been frozen, may not be paid until the resort has changed hands” (“Jay, Burke resorts to be sold separately,” July 20).
A simple question, why not unfreeze Quiros’ assets and pay the subcontractors with them? If it turns out that Quiros is held to have done nothing wrong, then he can proceed against the subs for his money back. There is no good reason the subs and what they are owed have to held hostage.
Mentions
- Vermont EB5 Regional Center
- Jay Peak - Q Burke Mountain Resort, Hotel and Conference Center L.P.
- Ariel Quiros
States
- Vermont
Videos
Subscribe for News
Site Digest
Join Professionals on EB5Projects.com →
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. EB5Projects.com 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.
