Bill Stenger

Taylor Dobbs / VPR

Until Thursday, Jay Peak’s website still included a web page soliciting investments in Jay Peak’s EB-5-funded projects. The page was removed Thursday afternoon after VPR made inquiries about it.

The Tram Haus Lodge at Jay Peak was one project invested in by foreign investors through the EB-5 program. In an Aug. 14 letter, the federal government said it plans to shut down the "Vermont Regional Center" that oversees the EB-5 program.
Angela Evancie / VPR File

Earlier this summer VPR reported that state officials received documentation of alleged fraud at Jay Peak Resort in 2014, a year and a half before filing charges against resort owner Ariel Quiros and president Bill Stenger.

The documentation came from an unusual source: one of the foreign investors in an EB-5 project at Jay Peak. He managed to piece together the alleged fraud before the state’s investigation even began.

Herb Swanson / swanpix.com

Bill Stenger, one of two partners in an alleged fraud of foreign investors in Northeast Kingdom development projects, has settled with the federal Securities and Exchange Commission, according to court documents.

Angela Evancie / VPR file

Administration officials are saying little about the resignation of the man responsible for promoting EB-5 Immigrant investor Program projects in Vermont.

Vermont Sen. Patrick Leahy says recent federal fraud charges have shaken his confidence in what was once praised as the most successful EB-5 project in Vermont.

Courtesy of Vermont Department of Financial Regulation

The bombshell allegations last week surrounding development projects in the Northeast Kingdom point to a $200 hundred million scheme to defraud investors. On the next Vermont Edition, Vermont's top financial regulator Commissioner Susan Donegan explains what happened at Q Burke and Jay Peak ski resorts.