BURLINGTON, Vt. (WCAX) - How much did former Jay Peak president Bill Stenger know about the schemes behind the big Kingdom Con? Federal prosecutors are painting a different picture than Stenger in court documents filed this week.
In accepting a plea deal in the federal criminal case last month, Stenger maintained he was never in on the scheme that defrauded foreign investors and had been duped by his business partners.
But in a 100-page filing, prosecutors dispute that, saying, “Stenger was not just a bystander to the fraud that occurred, but an integral part of the sweeping fraud scheme.”
The documents were filed in advance of sentencing procedures for Stenger, Ariel Quiros and William Kelly. All took plea deals in the case and could get several years in prison.
The Kingdom Con is Vermont’s largest-ever fraud case. It targeted foreign investors with green cards in exchange for half-million-dollar investments to spur economic development in projects at Jay, Burke and in Newport.
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Stenger to take plea deal in ‘Kingdom Con’ case
Jay Peak ski area receiver reaches $32.5M settlement with Quiros’ law firm
2nd man in Kingdom Con case reaches plea deal
Settlement reached with bank in Kingdom Con case
US agency decision revives Vermont foreign investor center
Auditor’s report takes aim at Vermont EB-5 Center’s conflicted role in Kingdom Con
Quiros pleads guilty in Kingdom Con fraud case
Quiros to take plea deal in Kingdom Con
Judge OKs virus-relief loan to Jay Peak, Burke ski resorts
High court says lawsuit can proceed for failed oversight in Kingdom Con case
Quiros to withdraw not guilty pleas in Kingdom Con case
Judge rejects effort to move Kingdom Con trial
Leahy: Criminal case in EB-5 scandal ‘very appropriate’
Kingdom Con defendants want trial moved; point to news coverage
Stenger joins Quiros in Kingdom Con venue change request
Mastermind of alleged Kingdom Con wants trial moved
Vermont officials still working with defrauded EB-5 investors
EB-5 investors win Vt. Supreme Court appeal
Feds uphold decision to close Vermont’s EB-5 center
YCQM May 26, 2019
Kingdom Con: Criminal charges filed in largest fraud in Vermont history
Vermont releases documents related to EB-5 Kingdom Con
YCQM Feb. 10, 2019
Did Shumlin officials intentionally ignore Kingdom Con warning signs?
Feds, Vermont at odds over shutting down state’s EB-5 office
Vt. judge orders freeze of Quiros’ assets
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