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Former Jay Peak president says state ‘covered up’ $200 million fraud and lied about ‘auditor’ role in projects

In a recent court filing, Bill Stenger claims that Vermont state officials, including then Governor Peter Shumlin, were concealing the Jay Peak fraud which went on for years. Shumlin was “our most powerful and effective investment solicitor,” Stenger says, noting Shumlin commonly said the state served as auditor in the investments. Stenger says that was a lie and the projects were never audited.

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