Jay Peak President Bill Stenger traveled the world to meet with investors, ultimately raising about $400 million for eight projects at Jay Peak and Burke Mountain ski resorts, as well as in Newport.

former Jay Peak CEO Bill Stenger. Quiros and Stenger had funded dramatic upgrades to Jay Peak — including a water park and a new hotel — with money from the EB-5 visa program, which pairs ...

Ariel Quiros and Bill Stenger, were indicted for defrauding investors of millions of dollars. In the wake of what has since become known as the EB-5 scandal, the money to develop the parcel of ...