NEWPORT — Bill Stenger was fired from his job as a consultant working for the receiver overseeing Jay Peak and related properties.
Michael I. Goldberg, the receiver for Jay Peak, made the announcement on Friday.
In a statement, Goldberg said Stenger’s termination should not be interpreted as an indication that “the receiver believes that William Stenger did anything wrong.”
He says the decision to terminate Stenger at this time is simply based on his opinion that it would not be appropriate to continue to retain him in light of the recent indictment.
Last week Stenger was in federal court in Burlington to plead not guilty to criminal charges alleging he conspired in a multi-year wire fraud scheme to defraud immigrant investors seeking green cards through the EB-5 program.
He was released after posting a $100,000 appearance bond.
As a consultant working for the receiver, Stenger was paid at a rate of $50 per hour and was allowed to use of an older model Volvo belonging to Jay Peak.
Goldberg says he wishes Bill Stenger and his family well in this difficult time.Are you on Instagram? Cool. So are we. CLICK HERE to follow us for a behind the scenes look at Newport Dispatch.