Big Burke announcement

[thetrailboss]

I guess Ary was wrong when he said that we would see that they were doing everything correctly. Guess not!!!!!!

 

[thetrailboss]

I think that's right, and also, it proves that jay/burke can't sustain the facilities built so maintaining them will be difficult.

Disagreed. The money meant for these projects was being diverted. The projects did not fail because they were not sustainable. Granted though that the AnCBio was a complete joke on multiple levels.

 

[from_the_NEK]

So much for daddy Q firing Ary to fix the problems at Burke. I sure hope the ski area survives this.

Ary Jr was kept on because dad knew he was completely inept and/or he could trust him to not blow the whistle on the Ponzi scheme.

 

[thetrailboss]

Shumlin got the hell out just before a reporter asked about releasing his emails containing communications on the subject.

Exactly. He knows nothing!

I mean who is this nice guy that gave him and his party over $30,000 in contributions? I bet that was EB-5 money!!!!!!

 

[thetrailboss]

Ary Jr was kept on because dad knew he was completely inept and/or he could trust him to not blow the whistle on the Ponzi scheme.

Prediction: the feds split Q and Stenger. They get Stenger to rat on Q. Q goes away. I want to believe that Stenger got caught up in this and was not the brains behind the scam.

 

[BenedictGomez]

In other news.....

I guess I'm never going to turn my $1.98 investment in qburkeresort.com and qburkemountainresort.com into a profit.

 

[yeggous]

In other news.....

I guess I'm never going to turn my $1.98 investment in qburkeresort.com and qburkemountainresort.com into a profit.

That is my favorite part! The end of the Q is in sight!

 

[from_the_NEK]

Prediction: the feds split Q and Stenger. They get Stenger to rat on Q. Q goes away. I want to believe that Stenger got caught up in this and was not the brains behind the scam.

I think they waited until Bill was back in the country before executing the "raid"?

As much as I think Bill had good intentions at the beginning, I think he is in deeper than we would like to admit here. Although Ariel is obviously the organizer of the scheme.

 

[nek_crumudgeon]

I hadn't read this yet:

Outside company managing Jay Peak, Q Burke


Posted: Apr 14, 2016 7:17 AM PDT
Updated: Apr 14, 2016 9:18 AM PDT
By Kyle MiduraCONNECT


By Roger GarrityCONNECT

JAY, Vt. -
The Jay Peak and Q Burke resorts are now under the management of an outside company as federal and state investigators look into the company's financial dealings.


An email to Jay Peak says the Securities and Exchange Commission has appointed Leisure Hotels and Resorts, a Kansas City company, to oversee management of the Vermont ski resorts until further notice. The email from Jay's communications director says Bill Stenger and Ariel Quiros remain as owners of the company, but have "no authority" to conduct business there.


That email also confirms the investigation relates to EB-5, the federal visa program that has brought hundreds of millions of dollars to the Northeast Kingdom for investments in the ski resorts and other projects there.

 

[doublediamond]

The "Active Flow of Funds" chart really is amazing.

Where's that?

 

[BenedictGomez]

Prediction: the feds split Q and Stenger. They get Stenger to rat on Q. Q goes away. I want to believe that Stenger got caught up in this and was not the brains behind the scam.

Stenger's definitely not the brains, but he's implicated in the fraud.

What's interesting about the read, is it's unclear how Stenger enriched himself, whereas with Quiros it's laid out with specifics.

It's possible they're taking it easy on him initially for reasons you mention and they want/need his cooperation, or it's possible they haven't connected all the dots back to Stenger yet, but it's clear Stenger's dirty too.

 

[from_the_NEK]

Where's that?

It was from the press conference
Screenshot:

 

[oldtimer]

problem: management company will not want to invest to rebrand "Q Burke" back to some like Burke Mountain Resort.

SO- do we have to crowd fund that? shouldn't be hard.

 

[thetrailboss]

Someone is actually defending Ary on the FoB page. I think we will find out that he got some $$$$ from Daddy for things that came from illegitimate sources.

 

[oldtimer]

Stenger is either dirty, or stupid.

 

[thetrailboss]

problem: management company will not want to invest to rebrand "Q Burke" back to some like Burke Mountain Resort.

SO- do we have to crowd fund that? shouldn't be hard.

Just do what they did in 2000 and put some frickin plywood over logos! Just cut off the tail of the Q!

 

[BenedictGomez]

I'm telling my woman to stop paying off her VSAC loans. It will be 2134 before Vermont figures it out.

 

[BenedictGomez]

Stenger is either dirty, or stupid.

100% Dirty.

If you read the full SEC report, there's no way Stenger didn't know what he was doing was wrong.

Keep in mind also, he was also co-stonewaller all through this matter.

 

[snoseek]

Is this how vail enters the east coast market?

Sent from my LG-H345 using Tapatalk

 

[DoublePlanker]

Is this how vail enters the east coast market?

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Why would Vail buy Burke?
I don't see them having interest in Jay Peak either.