9 replies to this topic

[sseguin613]

Big story out of Vermont yesterday. The CSE is alleging that the owners (Stenger and Quiros) have conducted a massive fraud scheme in the order of hundreds of millions with investors money.

Read the stories below.
http://tinyurl.com/zk6cbag

http://www.youtube.c...h?v=0ugotRmRl6I

Or just search for Jay Peak on Google.

What are your thoughts? This clearly helps to explain why the new Burke hotel has yet to open (the developer is done building but waiting for the final $4 million they are owed), and why the Bonaventure Six-Pack never happened.

Very unfortunate for the investors and the region. Hoping it doesn't affect the long term future of these mountains.

This post has been edited by sseguin613: 15 April 2016 - 01:28 PM

[Andy1962]

sseguin613, on 15 April 2016 - 05:43 AM, said:

Big story out of Vermont yesterday. The CSE is alleging that the owners (Stenger and Quiros) have conducted a massive fraud scheme in the order of hundreds of millions with investors money.

Read the stories below.
http://tinyurl.com/zk6cbag

http://www.youtube.c...h?v=0ugotRmRl6I

Or just search for Jay Peak on Google.

What are your thoughts? This clearly helps to explain why the new Burke hotel has yet to open (the developer is done building but waiting for the final $50 million they are owed), and why the Bonaventure Six-Pack never happened.

Very unfortunate for the investors and the region. Hoping it doesn't affect the long term future of these mountains.

This link says that the amount of money in dispute by the builder of the Q Burke Hotel is either $5.4 million or $4.5 million, not $50 million.

http://vtdigger.org/...-q-burke-hotel/


A lot of money changed hands, some of it to places maybe the investors did not intend it to go to, but let's keep the allegations accurate

[sseguin613]

Sorry about that. I corrected my original post.

This post has been edited by sseguin613: 15 April 2016 - 01:29 PM

[Yooper Skier]

The "Q" has been dropped from Burke's name!

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[julestheshiba]

It really seems pretentious to add part of your name to your resort

[2milehi]

Trump does it all the time.

[SkiDaBird]

2milehi, on 30 April 2016 - 10:26 AM, said:

Trump does it all the time.

Case and point.

[julestheshiba]

Yes he does

[skier2]

In general, I'm happy when resorts see the investment they need to bring about modernization and needed updates, but when the CEO has the audacity to change the name of a resort in a nod to himself, I think it's fair to say the line has been crossed. Truth be told, I'm not surprised to hear of this news.

[2milehi]