Quirios’ legal team, accused of aiding Jay Peak EB-5 fraud, agrees to $32.5 million settlement with receiver

  • Written by GCBI Team Posted on June 10, 2021 | Updated on June 10, 2021 | 1 min read
After expenses, about $10 million of the settlement funds will go to the receivership for running the ski resorts it manages; approximately $20 million will go to some investors. Over 800 EB-5 applicants invested in various projects run by Quiros, the largest fraudster in EB-5 history; many of the investors lost their money and their chance of a Green Card.

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