Ariel Quiros
Also known as: Brickell developer
Inmate
Known For
Quiros masterminded Vermont's largest financial fraud by misusing EB-5 funds from 160+ foreign investors in a failed biotech project, resulting in a five-year prison term and millions in forfeitures.
About
Once a Key Biscayne financier with South Florida ties, Quiros took control of Vermont's Jay Peak ski resort and Burke Mountain, launching ambitious developments funded by EB-5 visas that promised jobs but collapsed into deception. He orchestrated misrepresentations about fund usage and timelines for a $110 million biomedical plant in Newport that never materialized, diverting investor cash for personal gain including tax payments. Indicted in 2019 with associates Bill Stenger and William Kelly, Quiros entered a 2020 guilty plea to wire fraud conspiracy, money laundering, and false statements to USCIS, leading to a 60-month sentence in 2022 plus $8.3 million restitution. Judge Geoffrey Crawford rejected his repeated appeals for leniency in 2023 and 2024, citing his pivotal role despite cooperation. Projected for release on January 30, 2026, from FPC Pensacola in Florida.
Key Achievements
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