MG Skier
Active member
Roger that, thanks!
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Jay Peak bombshell
- Thread starter VTKilarney
- Start date
Leahy, former booster of scandal-plagued EB-5 program, revives it with reforms
Legislation aimed at curbing fraud and reining in unscrupulous developers in the immigrant investor program is included in the omnibus spending package to fund the federal government, which lawmakers are
vtdigger.org
BenedictGomez
Well-known member
Leahy, former booster of scandal-plagued EB-5 program, revives it with reforms
Legislation aimed at curbing fraud and reining in unscrupulous developers in the immigrant investor program is included in the omnibus spending package to fund the federal government, which lawmakers arevtdigger.org
Truly terrible news, but government thieves are always going to find ways to fleece the system, and this is about the easiest way imaginable.
He is retiring (and every single D pol in Vermont is running for his seat). This is meant to repair his legacy.
EB-5 prosecutors seek 5 years in prison for Stenger, the maximum allowed under plea deal - VTDigger
The former Jay Peak president is set for sentencing later this month on a charge of submitting a false document to the government in a failed project to build a $110 million biomedical center in Newport, known as AnC Bio Vermont.
vtdigger.org
People should keep in mind that the ANC-Bio project never even had a veneer of being a real deal. From the onset it was the most fantastical aspect of the EB-5 scam. This is where Stenger's respectable but fooled ski executive pr/excuses totally breaks down and he deserves the full term. At the start, I read the prospectus and laughed. The notion of attracting advanced PhD bio research talent to Newport is a fairy tale. Let alone the nature of the underlying Korean company. I could go on...EB-5 prosecutors seek 5 years in prison for Stenger, the maximum allowed under plea deal - VTDigger
The former Jay Peak president is set for sentencing later this month on a charge of submitting a false document to the government in a failed project to build a $110 million biomedical center in Newport, known as AnC Bio Vermont.
Smellytele
Well-known member
it's a shame that the Q's got off easy. They should be locked up as well and for longer
I believe his plea deal is 8-years max.
BenedictGomez
Well-known member
Are any politicians going to go to jail? Dont bother answering.
BenedictGomez
Well-known member
The fact this passed no problem shows how bumpkin Vermont is. I wrote on an AZ thread at the time the deal was announced that it would never come to fruition. Bonus points for it being about stem cell therapies for cardiac patients & artificial organs! = ROTFLMAO. Couldn't they have just gone with generic drug manufacturing or some other low-hanging, more plausible fruit? Nah, let's go with the most futuristic high-risk endeavor we can possibly think of. Go big or go home! And it worked too, that's the amazing thing.
Stenger sentenced to 18 months in prison for role in EB-5 fraud
‘I got lost along the way’: Stenger sentenced to 18 months in prison for role in EB-5 fraud - VTDigger
Judge Geoffrey Crawford handed down the sentence Thursday in federal court in Burlington. He also ordered Stenger, the former president of Jay Peak Resort, to pay restitution of $250,000.
vtdigger.org
Oh boy......
The sentence for Bill is in:
www.wcax.com
Stenger sentenced to 18 months for Kingdom Con
A federal judge Thursday sentenced Bill Stenger, the former president of Jay Peak, to serve 18 months in prison for his role in the Kingdom Con fraud case.
jimmywilson69
Well-known member
What a shame... he was the guy everyone liked and seemed to be doing all the right things and he got so deep in this mess.
Hopefully a new owner is actually found and they keep Jay going. I know some would prefer the "old" Jay peak, but the new toys are pretty nice and the skiing is still the same!
Hopefully a new owner is actually found and they keep Jay going. I know some would prefer the "old" Jay peak, but the new toys are pretty nice and the skiing is still the same!
Smellytele
Well-known member
Any announcement yet?
fbrissette
Well-known member
Haven't heard anything and surprised with the investment thing. Last I heard only Boyne and Powder Corp were on the list.
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