Shumlin stayed in Quiros' NYC luxury condo
Former Gov. Peter Shumlin stayed at a luxury New York City apartment owned by Ariel Quiros, the man at the heart of the EB-5 Kingdom Con case.
VTDigger reports that Shumlin stayed at the apartment for several days in May 2013 and in June 2014 without paying. Quiros bought the luxury condo with money from EB-5 investors. The Securities and Exchange Commission last month ordered him to pay $81 million in assets and $1 million cash for his part in the swindle. Federal officials are in the process of selling the condo, Jay Peak and Burke Resorts, and other assets to repay investors.
Shumlin administration officials are at the center of a lawsuit by EB-5 foreign investors. They claim the state-run agency responsible for overseeing the federal visa program for foreign investors was grossly negligent in overlooking Quiros' alleged Ponzi scheme. Vermont officials argue the state is immune from such legal actions. A hearing in that civil case is scheduled this afternoon in Vermont Superior Court in Hyde Park. Attorneys for investors are expected to lay out new accusations against state officials.
A federal criminal investigation into Quiros is also still underway.
Neal Goswami will have the latest details on the Channel 3 News tonight.