The former owner and former president of a Vermont ski resort accused in a multimillion-dollar fraud case were indicted on federal charges unsealed Wednesday over a failed plan to build a biotechnology plant using foreign investors' money.
Quiros, Kelly and Stenger pleaded not guilty Wednesday to engaging in a conspiracy to commit wire fraud; participating in that conspiracy; wire fraud; and concealing facts about the plant's investor funds. Quiros also pleaded not guilty to money laundering. A prosecutor said Choi remains at large.Stenger's lawyer, Brooks McArthur, said there is"the strongest possible denial that he engaged in any criminal activity at all.
"Rather, the project was designed to siphon millions of dollars to the control of Quiros and Choi, who were secretly business partners and in charge of the project," she said. The indictments allege that Quiros was the"ultimate decision maker" on the project, which dates to 2009, and Stenger was to recruit investors. Choi was the hidden partner. His parent company was supposed to design the facility.
Seems like a fool proof plan until people notice the plant is missing
A crooked Capitalist? Go on!!!
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