Vt. Ski Resort Owner Seeks Atty Fees Amid SEC EB-5 Probe

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Law360, New York (September 28, 2016, 4:39 PM EDT) — A Vermont ski resort owner accused by the U.S. Securities and Exchange Commission of misusing more than half of the $350 million in funds raised under the EB-5 immigrant investor program asked a Florida federal court on Wednesday to let him use a recent mortgage on his South Beach condo to cover more than $550,000 in legal fees.

Jay Peak owner Ariel Quiros urged the Southern District of Florida to unfreeze about $550,000 of a $1 million-plus mortgage loan he took out on his condo in August,…

Source: Law360