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AP National Business

Ex-ski resort exec faces sentencing in failed visa plan case

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KMIZ

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Published 6:56 AM

By LISA RATHKE
Associated Press

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 is facing sentencing. Seventy-three-year-old William Stenger, the former president of the Jay Peak ski resort, pleaded guilty last August to providing false documents. Nine fraud charges were dropped. Federal prosecutors have requested a five-year sentence, the maximum under the plea deal, while Stenger’s lawyers have asked for a sentence of home confinement.

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