http://vtdigger.org/2016/04/14/quiros-accused-of-stealing-more-than-200m/
"The Securities and Exchange Commission has charged Ariel Quiros and Bill Stenger with fraud. The federal regulators accuse the developers of Jay Peak and Q Burke of diverting $200 million in investor money."
http://www.sec.gov/news/pressrelease/2016-69.html
The finesse is real.