The former owner of two Vermont ski resorts faces sentencing Friday in federal court for his role in a failed plan to build a biotechnology plant in Vermont using tens of millions of dollars in foreign investors' money raised through a special visa program that was part of the largest fraud case in the state's history.
The sentencing for Ariel Quiros, a Miami businessman and former owner of Jay Peak and Burke Mountain ski resorts, wraps up the criminal cases for three men involved in the financial scandal that shook the state and its rural, economically depressed region called the Northeast Kingdom. A fourth man, a businessman in South Korea, remains at large.
