Bills for receiver in ski resort case top $5M

Published: Oct. 26, 2018 at 1:52 PM EDT
Email This Link
Share on Pinterest
Share on LinkedIn

The federal receiver overseeing two Vermont ski resorts after their owner was accused of massive fraud has billed over $5 million.

The Caledonian-Record reports U.S. District Court Judge Darrin Gayles approved Michael Goldberg's fifth expense report, which billed over a $1 million for a 7-month period.

The receiver says he reduced billing rates for himself and his employees in the case. According to Goldberg, traveling costs were also slashed in half.

Goldberg says he has begun marketing the Jay Peak properties for sale.

Former Jay Peak owner Ariel Quiros, of Miami, and former president William Stenger of Newport, Vermont, were accused in 2016 of misusing more than $200 million raised from foreign investors through the EB-5 visa program. They've reached settlements with authorities.

(Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)