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She cited a notice issued last summer by U.S. Citizenship and Immigration Service that it was “terminating” the center for failing to act to stop the ongoing fraud. Superior Court Judge Mary Miles Teachout. File photo by Mike Dougherty/VTDigger The money was raised by Quiros and his former business partner, Bill Stenger, Jay Peak’s CEO at the time, to pay for massive upgrades at the ski resort, a hotel at Burke and two failed projects in Newport, including a $110 million biomedical center deemed by the SEC “nearly a complete fraud.” Quiros, regulators say, pocketed $50 million for himself meant for the projects. Gallagher has said that it was Quiros who committed the fraud and letting him off the hook because he wasn’t caught sooner was “absolutely an absurd argument.” The asset freeze handed down by Teachout on Monday does not provide Quiros an allowance for living expenses. The federal court freeze had allowed for $15,000 to Quiros a month for such costs. Visconti, speaking at last week’s hearing, described her client as “beyond broke,” and no longer receiving that $15,000 in living expenses in the federal case due to the pending settlement. That would leave Quiros unable to not only cover his daily expenses but also his legal bills, with Visconti saying she hadn’t been paid for some time for her work representing him. The judge said during last week’s hearing that Visconti could file a motion to address that issue of her client’s living expenses. The hearing last week between the parties was combative, with legal bickering bouncing back and forth before the judge. It appears from the latest filings that the parties remain at odds. Visconti wrote in her motion submitted Friday that prior to filing it with the court she contacted the state and provided her suggested changes to their proposed draft order.
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