Ex-ski resort exec gets 18 months in failed visa plan case

Published April 14, 2022 4:56 am

By LISA RATHKE
Associated Press

BURLINGTON, Vt. (AP) — The first of four men accused in a failed plan to build a biotechnology plant in Vermont using tens of millions of dollars in foreign investors’ money raised through a special visa program has been sentenced to 18 months in federal prison. Seventy-three-year-old William Stenger, the former president of the Jay Peak ski resort, also was sentenced to three years of supervisory release and ordered to pay $250,000 in restitution. He pleaded guilty last August to providing false documents. Nine fraud charges were dropped. Federal prosecutors requested a five-year sentence, the maximum under the plea deal, while Stenger’s lawyers asked for a sentence of home confinement.

Article Topic Follows: AP National Business

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