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Former Jay Peak President Bill Stenger was sentenced last week to 18 months in prison. Here's our in-depth piece on how it all began. A ski resort, a dream and greed: How a $350M fraud happened in ...
Bill Stenger will serve 18 months and pay a $250,000 fine for his part in the fraud that tarnished the Vermont resort's good name. Former Jay Peak President Sentenced in Fraud Debacle Skip to main ...
State Auditor Doug Hoffer found the state of Vermont was too trusting and made poor decisions in its oversight of Jay Peak's fraudulent EB-5 projects.
Fraud case settlement [ edit ] On April 13, 2017, Scott announced a $150 million settlement with Raymond James Financial, Inc. as part of resolving fraud allegations by contractors and investors related to the Jay Peak and Burke Mountain EB-5 developments.
Jay Peak Resort is an American ski resort located on Jay Peak in the northern Green Mountains, between Jay, Vermont and Montgomery Center, Vermont. Its vertical drop of 2,153 feet (656 m) is the eighth largest in New England and the fifth largest in Vermont. [ 2 ]
On February 21, 2023, the United States Securities and Exchange Commission (SEC) charged the Church of Jesus Christ of Latter-day Saints (LDS Church) and its non-profit investment arm, Ensign Peak Advisors (EP), for failing to disclose the LDS Church's investments, and instead creating shell companies whose purpose was to obscure the church's portfolio.
A federal judge in September approved the company's $76 million bid to buy Jay Peak after it won an auction for the ski area. Utah-based resort company closes on purchase of Jay Peak Skip to main ...
The Miscovich emeralds hoax was an attempt by American businessman and diver Jay Miscovich to pass off modern store-bought emerald gemstones as treasure recovered from the wreck of a 16th-century Spanish galleon. [1]