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Pacific Group Resorts is offering $58 million for Jay Peak ski resort. The company, which is based in Park City, Utah, operates five other ski resorts, including Powderhorn Mountain Resort in Colorado and Ragged Mountain in New Hampshire.

The U.S Attorney for the District of Vermont has dismissed fraud charges against Alex Choi, the fourth man indicted over a scheme to build a biotech facility in Newport.

This hour, host Mikaela Lefrak talks with VPR reporter Liam Elder-Connors about his exclusive interview with Bill Stenger before Stenger goes to prison on a federal charge related to the EB-5 fraud.

In a few days, Bill Stenger, 73, will report to a federal prison in Massachusetts. There he鈥檒l serve an 18-month sentence after pleading guilty to a felony charge for his role in the Northeast Kingdom EB-5 scandal. It was the largest financial fraud in Vermont鈥檚 history.VPR's Liam Elder-Connors spoke with Stenger in an exclusive interview.

The former owner of two Vermont ski resorts was sentenced Friday to five years in prison for his role in a failed plan to build a biotechnology plant using tens of millions of dollars in foreign investors鈥� money.

A federal judge on Wednesday sentenced William Kelly to prison for his role in the EB-5 scandal. He鈥檒l spend 18 months in prison and must pay more than $8.3 million in restitution.

Bill Stenger, one of the architects of the Northeast Kingdom EB-5 investment scandal, was sentenced to 18 months in prison on Thursday following a day-long sentencing hearing. He also faces three years of supervised release and must pay $250,000 in restitution.

When federal authorities unveiled fraud charges against two Northeast Kingdom developers back in April of 2016, it sent shock waves through the region. But when did state officials become aware the developers were misusing funds? And did they do enough to stop it? Recently unsealed documents in federal court shed some light on this.

It was a story of massive fraud involving foreign investor money that was supposed to go into hotels, biotech facilities, and other developments across the Northeast Kingdom. Now new reporting from VTDigger claims state officials knew that fraud was afoot, but did nothing to stop it.

Bill Stenger, a prominent developer in the Northeast Kingdom and former president of Jay Peak ski resort, pleaded guilty in federal court Friday for his role in one the largest fraud cases in Vermont.