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FILE - In this Sept. 27, 2012 file photo, Bill Stenger, right, president, co-owner and CEO of Jay Peak Resort and co-owner of Burke Mountain Resort, speaks during an event in Newport, Vt., announcing a series of economic development proposals for northern Vermont. With Stenger are seated, from left, Rep. Peter Welch, developer Tony Pomerleau, Sen. Bernie Sanders, Jay Peak Resort co-owner Ariel Quiros, Sen. Patrick Leahy and Gov. Peter Shumlin. On Thursday, April 14, 2016, the federal Securities and Exchange Commission and state accused Quiros and Stenger of fraud dating to 2008 and the purchase of Jay Peak resort using money raised through a visa program that encourages foreigners to invest in U.S. projects in exchange for a chance to earn permanent U.S. residency. (Robin Smith/The Caledonian Record via AP, File ) MANDATORY CREDIT
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