Former ski resort owner seeks to sell airplanes

Published: Oct. 15, 2018 at 12:24 PM EDT
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The former owner of a Vermont ski resort who was accused in a multi-million dollar fraud case is seeking federal permission to sell his three airplanes.

The Caledonian-Record reports a filing in U.S. District Court in Miami shows Ariel Quiros has begun negotiations to sell the planes, which were disclosed to the Securities and Exchange Commission.

The planes were not included in an asset freeze imposed during the scandal in 2016.

Quiros was the former owner of Jay Peak, and he and the former peak president were accused of misusing more than $200 million raised through the state's troubled immigrant investor program.

Both men reached settlements with authorities.

Quiros was required to give up five properties in and around Jay Peak. Officials say the asset freeze may be lifted soon.

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