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FBI Reportedly Investigating Bernie Sanders’ Wife for Alleged Fraud

FBI Reportedly Investigating Bernie Sanders’ Wife for Alleged Fraud

Accused of falsifying loan documents

Jane Sanders, wife of failed presidential candidate Bernie Sanders is reportedly being investigated by the FBI.

Sanders allegedly falsified loan documents while serving as President of the now defunct Burlington College (for more on that story, see Mike’s post here).

Bankrupt and without accreditation, Burlington College closed in 2016.

The Hill reports:

Federal investigators are looking into allegations that Sen. Bernie Sanders’s (I-Vt.) wife, Jane Sanders, falsified loan documents while she served as the president of Burlington College, according to multiple reports.

The small Vermont liberal arts school closed down in May 2016, after going bankrupt and failing to meet accreditation standards.

The college began to face financial difficulties during Sanders’s tenure from 2004 to 2011, falling $10 million into debt when the school purchased a new campus in 2010.

Sanders has been accused of falsifying the information on the loan documents in order to expand the college grounds.
The VTdigger.org reported that some of the donors Sanders appealed to for help with loans are now in contact with the FBI and Federal Deposit Insurance Corporation (FDIC).

Sanders left her leadership role in 2011 for undisclosed reasons.

She claimed the college could count on $2.6 million in donations to pay for the purchased land, according to a 2010 loan application. But she ultimately raised only a fourth of that, making $676,000 in donations over the next four years, putting the college into bankruptcy in May 2016.

The numbers that donors say they pledged compared to what Sanders documented differ, according the report.

According to a statement given to the Daily Caller, the FBI has not yet contacted Sanders.

As The Hill notes, Sanders left Burlington College in 2011. Mike blogged previously:

When Jane Sanders was hired by Burlington College in 2004, the school was already facing financial problems but was able to maintain day to day operations for several years.

Things began to change in 2010, when Jane Sanders led the school to a financial decision which would forever alter the school’s destiny.

Under her leadership, Burlington College purchased a lakefront property from the Catholic Diocese of Burlington for $10 million dollars with the goal of expanding the school’s campus.

The decision was considered risky at the time because the school made the purchase by going into debt.

Sanders resigned in the fall of 2011 and left the school with a golden parachute of $200,000.

Five years later the school still hadn’t recovered from its financial quagmire and few wanted to admit that the writing was on the wall. In the meantime, her husband had also become an unexpectedly successful contender for the 2016 Democratic nomination. Bernie’s popularity among college students and promises of free higher education threw a spotlight onto his wife’s record.

Follow Kemberlee on Twitter @kemberleekaye

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Comments

Pelosi Schmelosi | May 9, 2017 at 4:32 pm

But…but…but…Trump University!?!?!?

Notice how Mrs Sanders de-frauded an entire Catholic DIOCESE….Bernie is a fraud, no different than Obama.
They’re not what they claim to be.
And don’t even get me started on that “free tuition” bee-ess.
Good luck with that Bernie Bros…

Golden

Right. The FBI certainly does manage to sound busy.

Wake me when they actually manage to nab one of these ne’er-do-wells.

Imagine the reaction from the hardcore Left is she were to be indicted…

Feel the burn, greedy, corrupt leftist hypocrite.

    notamemberofanyorganizedpolicital in reply to TheFineReport.com. | May 10, 2017 at 11:53 am

    I’ve always believed the Clinton machine gave Bernie money to run and then drop out after he “honestly” won the primary.

    Imo it was all about drawing out the youth vote with Bernie, and then the Hillary machine thought the young would automatically switch their loyalties to Hillary….

Can you imagine if your child was going to this school (and you paying tuition) and the school close down and your child has no degree and no future because this vile woman defrauded a bank and the diocese – and then paid herself $200,000.00 to get out before TSHTF.

Next to Hillary, this is the easiest criminal to convict in the country.

Sam in Texas | May 9, 2017 at 9:59 pm

This is somewhat amusing. A while ago I happened to end up on the website VTDigger, some sort of Vermont website. It had a story about this, very vanilla. So I asked a straightforward news question:

Discussion on VTDigger.org 75 comments
Emails reveal FBI, Justice probe of Burlington College
Sam in Texas
Sam in Texas 12 days ago
Removed

Did she sign the loan application documents under penalty of perjury?

Yes, my question was…removed. Vermont has leftists, and there are no enemies on the left.

One, just one of these high ranking, government types. Can we try and convict just one of these crooks to show that the law really does apply to all or is that too much to ask?

Another case going nowhere.

In order to prosecute this woman for anything, it would have to be shown that she:

1)knowingly falsified the loan application, something that may prove difficult to do considering we are dealing with estimated voluntary contributions

and

2)that she obtained some kind of gain from this action, something that has not been suggested, at this point.

Otherwise all you have is a mistake and the incompetent boob defense kicks in. This is nothing more than a political maneuver to marginalize a future Sanders run for President.

“Bernie’s popularity among college students and promises of free higher education threw a spotlight onto his wife’s record.”

More like a weak flashlight. The Democrat Media, for some strange reason, hasn’t said a word about the story.

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