Bill Stenger, former president of Jay Peak resort, has been released from prison
Bill Stenger, former president of Jay Peak resort, has been released from prison after serving just over ten months of an 18-month sentence for his role in a massive foreign investor fraud case. The 73-year-old businessman pleaded guilty in August 2021 to submitting a false document in 2015 as part of the Jay Peak Biomedical Research Park EB-5 investment project. He was ordered to pay $250,000 in restitution to 36 investors. Stenger helped develop businesses in the Northeast Kingdom in connection with the immigration enhancement program. He was sentenced on April 14, 2022, and was expected to be released after 15 months. Stenger was freed early and will be under federal supervision for three years.