Bill Stenger Archives - VTDigger

Bill Stenger

Unsealed Douglas documents show belief in Stenger’s vision

Memos from Douglas’ commerce agency reveal mostly positive views about the massive expansion of Jay Peak and other projects. “Looking back, more (oversight) would have been better,” he says in hindsight.

Settlements in EB-5 case leave Quiros standing alone

The latest judgments are against a slew of corporate and relief entities. The latter received “ill-gotten gains” but didn’t necessarily take actions that led to the SEC’s fraud allegations.

EB-5 investors seek class-action certification

The lead plaintiff in the case is Alexander Daccache, of Brazil. More than 800 others could become eligible to join the suit against developers Ariel Quiros and Bill Stenger.

Unpaid bills prove hardship for contractors in Northeast Kingdom EB-5 projects

Contractors who have not been paid in more than a year are barely hanging on.

Special Report: AnC Bio Vermont troubles began in South Korea

The CEO of a Korean firm was charged with embezzlement when he ran a related company in Vermont.

Stenger acts as own lawyer, denies class-action claims

Bill Stenger denies wrongdoing and points the finger of blame at Ariel Quiros, Jay Peak’s owner.

Change of banks clears way for Jay Peak’s sewage facility use

The move was needed after NBT Bank said it wouldn’t renew a letter of credit following investor fraud lawsuits filed against Jay Peak owner Ariel Quiros and Bill Stenger, its former CEO.

Receiver: Don’t delay suit against Quiros and financial firm

A lawyer argues that holding off on a separate lawsuit while the Securities and Exchange Commission case proceeds would hinder efforts to recoup money for investors.

Judge rejects Quiros’ bid to toss state case

The judge didn’t buy claims that the state had overreached with its investor fraud allegations and that all the projects Quiros and his partner promised to build were either complete or under construction.

Judge grants $1.9 million fee request for EB-5 cleanup

The money covers expenses incurred since Jay Peak and Burke Mountain went into receivership in April and include attorney, accounting and other professional fees.

EB-5 program extended, leaving reforms in question

Sen. Patrick Leahy voted against the extension, which was attached to a spending bill, because, he says, the program needs either a major overhaul or termination. Some investors in Northeast Kingdom projects remain in limbo.

Battle for records of Quiros’ children and friend heats up

A financial firm that was used by fraud suspect Ariel Quiros says releasing the records to investors suing him would be an unreasonable invasion of privacy.

Quiros sues insurer for $2 million, and counting, in legal fees

The Jay Peak owner faces a potential $1 billion in losses under the fraud allegations against him unless the insurance company puts up the money for his defense, his lawyer says.

Burke ski season banks on new hotel, more snowmaking

A management company running the resort and hotel, which was completed just a month before its owners were charged with investment fraud, is hoping for a robust season with increased skier visits.