the Green Mountain Club to ensure that the nearby of Long Trail would have a permanent buffer from ski-area development. In 2010, $13 million worth of improvements at Jay were completed including an indoor ice arena, a parking garage, an enclosed beginners surface lift, and a new RFID ticketing system. The old Hotel Jay was razed and replaced with a new 170-room hotel. The new facilities also include a spa, conference center, movie theatre and water park. Also in 2010, Yankee magazine named Jay as the best ski resort in New England. In 2011, the resort agreed to pay an $80,000 fine to the United States Environmental Protection Agency for filling in of wetlands to construct a golf course in 2004–2006, without a permit from the U.S. Army Corps of Engineers. This was the same event for which the resort paid a fine to the state in 2007. By 2012, the resort had repeatedly postponed plans to expand its skiing terrain to a new area to be known as the West Bowl; it is not clear whether the resort has the support of the state to conduct the necessary cutting and construction in the forest. By 2014, some investors had complained to the Vermont Department of Financial Regulation (DFR) and the U.S. Securities and Exchange Commission (SEC) that the resort company had abruptly reclassified their investments. The investigators found the resort company's answers to their questions about the use of the funds to be evasive. They eventually found that Quiros had diverted millions of the dollars raised for his personal use and that Stenger had lied to investors and the SEC about, among other things, the status of some of the construction projects, some of which were never built, including a biotechnology plant in Newport, Vermont. On April 14, 2016, Jay Peak and Burke Mountain were seized by U.S. government officials. The resort's liquidity issues were resolved, and the resort remains operational under management of the SEC-designated receiver, Michael Goldberg, and acting CEO Steve Wright, who was formerly Jay Peak's marketing director. On January 15, 2019,Goldberg announced that the resort has been offered for sale. The SEC recovered $81 million from Quiros (including the ski area assets), who pleaded guilty in 2020 to federal crimes including wire fraud, money laundering and obstructing investigators. He was sentenced to five years in prison. Stenger cooperated with the investigation and pleaded guilty in