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The Checkup for Aug. 5: Virus relief loans OK'd for 2 ski resorts

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With this regular feature, the Banner runs down breaking local and regional developments in the coronavirus crisis.

The numbers

The statistics supplied by the Vermont Department of Health at midday each day are accurate as of the end of the previous day.

The Vermont Department of Health on Wednesday reported five new cases of COVID-19 in Vermont over the past day, bringing the cumulative total to 1,436. There were two new cases in Rutland County, while Franklin, Windham and Washington counties each had one.

Bennington County's cumulative total remains at 84.

No Vermonters died of the disease over the past day. The death toll remains at 57. One Vermonter is currently hospitalized with the disease.

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So far, 98,990 tests have been administered.

The health department reported that 1,008 people were being monitored, a decrease of 22 over the past day. Of those, 988 are travelers to Vermont.

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The number of Vermonters reported to have recovered from COVID-19 rose by five, to 1,254.

Judge OKs virus-relief loan to 2 ski resorts

A federal judge has granted the request of the receiver overseeing Burke Mountain and Jay Peak ski resorts, whose owner was charged with fraud, to execute a $3.2 million federal government coronavirus relief loan to help keep the resorts open and employees working.

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The resorts have re-opened after being closed down for several months due to the pandemic and hope to prepare for the ski season and boost staffing by November, federal receiver Michael Goldberg told U.S. District Court, according to Caledonian Record. The loan through the Paycheck Protection Program would be financed by City National Bank.

Miami businessman Ariel Quiros, who owned Jay Peak and Burke, pleaded not guilty in May 2019 to 12 felony charges, including seven counts of wire fraud and three counts of false statements.

Quiros and three others were indicted over a failed plan to build a biotechnology plant in Newport using $200 million in foreign investors' money. His lawyer said last month that Quiros plans to withdraw his not guilty pleas.

The federal Securities and Exchange Commission also accused him and his associates in a Ponzi-like scheme. As part of the SEC settlement, Quiros surrendered more than $80 million in real estate and other assets including the two ski resorts. The receiver plans to eventually sell Burke and Jay Peak.

Material from The Associated Press was used in this report.


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