Latest International investing News

People play beach racket at the beach during sunset in coastal resort of Ayia Napa in the eastern Mediterranean island of Cyprus, Saturday, Aug. 22, 2020.  Health Minister Constantinos Ioannou has extended until Jan. 15, 2021, a ban on outdoor festivals, concerts and exhibitions in places without seating where social distancing rules can't be enforced. (AP Photo/Petros Karadjias)

Cyprus denies new allegations in "golden passport" scheme

Aug. 23, 2020 4:03 PM EDT

NICOSIA, Cyprus (AP) — Cyprus on Sunday denied fresh allegations that it was granting citizenship to foreigners accused of crimes in exchange for millions in investments, insisting that all those who received a passport met all criteria in place at the time. The Cypriot parliament last month beefed up the...

FILE - In this May 22, 2019, file photo, Ariel Quiros, left, former owner of Jay Peak Resort, stands outside the federal courthouse in Burlington, Vt., after his arraignment on fraud charges over a failed plan to build a biotechnology plant using foreign investors' money. The Miami businessman, accused of being the mastermind behind a massive fraud case involving foreign investors' money in Vermont developments, is expected to plead guilty in next week in a plea deal in which prosecutors are seeking a sentence of more than eight years in prison. (AP Photo/Lisa Rathke, File)

Miami businessman pleads guilty in Vermont ski fraud case

Aug. 14, 2020 2:19 PM EDT

A Miami businessman accused of being the mastermind behind the largest fraud case in Vermont's history pleaded guilty on Friday over a failed plan to build a biotechnology plant using tens of millions of dollars in foreign investors' money. Ariel Quiros, 64, the former owner of Jay Peak and Burke Mountain ski...

Miami man pleads guilty of defrauding foreign investors in Vermont’s largest fraud case, over biotechnology plant plan

Aug. 14, 2020 11:12 AM EDT
BURLINGTON, Vt. (AP) — Miami man pleads guilty of defrauding foreign investors in Vermont’s largest fraud case, over biotechnology plant plan.