Jay Peak bombshell

[BenedictGomez]

Raymond says the developers have not disclosed or explained familial relationships and “self-dealing” relationships and closely held interests among various business entities and management structures. Ariel Quiros, Ary Quiros, his son, Okcha Quiros, his wife, Jongweon Choi and Bill Stenger are the principals of several dozen interrelated companies.

Illegal much? This is getting real interesting.

A spreadsheet provided to the securities division of DFR shows that the following documents were still missing: monthly bank statements and reconciliations, general ledger, budgets and third party financial statements for June 2013-March 2015; a detailed job cost report; a list of owners and ownership interests; purchase and sales agreements; account signing authority; budgets and actual expenditure reports; tax returns for 2013 and 2014; and identification of accounting software.

What the hell exactly, DID they give them? The above is virtually a comprehensive list of literally every single item an auditor would need to satisfactorily conduct his or her job.

 

[mbedle]

Wait, he said what now?

Does Bill Stenger have the foggiest idea what the SEC is, who they are, and what they do?

Typical play on words. This is directly off the SEC website describing how SEC conducts investigations:

Enforcement receives information about possible violations from many sources, including market surveillance activities, investor tips and complaints, whistleblower submissions, other divisions and offices of the SEC, self-regulatory organizations and other securities industry sources, and media reports. If Enforcement opens an investigation, it may request documents and interview witnesses on a voluntary basis. If authorized with a formal order of investigation, Enforcement can issue subpoenas requiring the production of documents and witness testimony. Enforcement develops the facts in an SEC investigation primarily through interviewing witnesses under oath and analyzing documents and data (e.g., emails, brokerage records, and trading data).

 

[VTKilarney]

Folks in Newport better get used to this view.




.

 

[deadheadskier]

Local MTB community should ask permission to make a temporary urban bike park. Would be a good use of the space instead of just a hole in the ground.

 

[VTKilarney]

Whatever it is used for, I've thought that a park would be really nice for that space. Perhaps with a splash pad for kids and an outdoor skating rink. There is definitely some potential there - but who knows if Stenger and Quiros will give the property up for use as a park.

 

[BenedictGomez]

Typical play on words.

Very clever, and I suspect you're right!

There is definitely some potential there - but who knows if Stenger and Quiros will give the property up for use as a park.

I have a feeling they're not going to have a say when this reaches it's long & winding conclusion.

 

[HowieT2]

fwiw-NYC getting on the EB5 game to build the worlds largest ferris wheel on staten island.

http://www.nytimes.com/2015/07/09/n...o-spot-region&region=top-news&WT.nav=top-news

 

[BenedictGomez]

fwiw-NYC getting on the EB5 game to build the worlds largest ferris wheel on staten island.

Good lord, what a scam.

 

[HowieT2]

Good lord, what a scam.

what do you care if some foreigners are allowed to "buy" a visa?

 

[thetrailboss]

what do you care if some foreigners are allowed to "buy" a visa?

I think that he is talking about the project itself and not EB-5 in general.

 

[HowieT2]

I think that he is talking about the project itself and not EB-5 in general.

Oh....never mind.
Actually, I think that the ferris wheel will be quite popular. It's unbelievable the amount of tourists in NYC nowadays.

 

[BenedictGomez]

I think that he is talking about the project itself and not EB-5 in general.

I was.

Though I think EB-5 is a horrible program as well.

 

[Domeskier]

It's unbelievable the amount of tourists in NYC nowadays.

It would be nice if this caused them to head to Staten Island for a change...

 

[BenedictGomez]

It would be nice if this caused them to head to Staten Island for a change...

It will.

For however long it takes them to ride the Ferris Wheel, then get back directly back onto the ferry. Which they already know of course.

 

[HowieT2]

It would be nice if this caused them to head to Staten Island for a change...

That's the point.
each ride is over a half hour.

 

[VTKilarney]

Why do marketing departments insist on posting photos like this on Facebook?

 

[steamboat1]

That chick on the right is really hot. Slap her thighs & ride the ripple.

 

[LONGBOARDR]

That chick on the right is really hot. Slap her thighs & ride the ripple.

Ahem, somebodies Mom, Sister or Daughter, respect please.

 

[Newpylong]

That chick on the right is really hot. Slap her thighs & ride the ripple.

F-

 

[BenedictGomez]

That chick on the right is really hot. Slap her thighs & ride the ripple.

It's Vermont.