Jay Peak receiver cans Stenger days after fraud indictment

Bill Stenger has been fired from his job a consultant for the receiver overseeing Jay Peak and other properties at the center of the EB-5 investor fraud scandal.

The move Friday to can Stenger comes a little more than a week after Stenger was indicted by a federal grand jury on several counts, including wire fraud and making false statements regarding a failed biomedical research center proposed for Newport.

Michael Goldberg, the receiver overseeing the resort, announced Stenger’s termination with a posting on the Jay Peak Receivership website at 4:15 Friday afternoon.

“The Receiver stresses that Mr. Stenger’s termination should not be interpreted as an indication that the Receiver believes that William Stenger did anything wrong,” Goldberg wrote in that posting, “and, in fact, a forensic accounting performed by the Receiver’s professionals early in the case failed to uncover any funds wrongfully diverted to Mr. Stenger.”

Read more: https://vtdigger.org/2019/05/31/jay-peak-receiver-cans-stenger-days-fraud-indictment/