FBI INVESTIGATING COLLEGE TRASHED BY BERNIE SANDERS’ WIFE

Good news for Bernie. Cuba and Venezuela have no extradition treaty with the United States.

Here’s a flashback on Jane Sanders’ amazing college adventure.

The Justice Department was investigating the activities of the now-defunct Burlington College as recently as February, according to emails obtained through a public records request.

The emails show the U.S. attorney for Vermont and an FBI agent reviewed Burlington College records in the state’s possession earlier this year pursuant to an investigation. Both enforcement agencies declined to comment on the substance of that probe or whether it has been completed.

In January 2016, after reporting by VTDigger showing former Burlington College President Jane Sanders overstated pledged donations in applying for a loan so the school could purchase its former North Avenue campus, Republican lawyer Brady Toensing made a formal request to the U.S. attorney for a fraud investigation.

The Vermont Agency of Education took possession of records left at the college in the wake of its sudden closure in May. When a college closes, state law requires the school or the state to keep academic records so students can obtain transcripts and graduate certificates.

Bradley, the board chair, said he has no information about what the FBI is investigating. Still, he speculated that the probe indeed relates to the school’s purchase of its former North Avenue campus.

The key figure in that disaster was Bernie’s wife.

Jane Sanders, wife of Sen. Bernie Sanders, I-Vt., overstated donation amounts in a bank application for a $6.7 million loan the college used to purchase a prime 33-acre property on Lake Champlain in 2010.

She told People’s United Bank in 2010 that the college had $2.6 million in pledged donations to support the purchase of the former Roman Catholic Diocese of Burlington property.

The college, however, received only $676,000 in actual donations from 2010 through 2014, according to figures provided by Burlington College.

Two people whose pledges are listed as confirmed in the loan agreement told VTDigger that their personal financial records show their pledges were overstated. Neither was aware the pledges were used to secure the loan.

The end result destroyed the college.

People not married to a lefty Senator might go to jail for that kind of thing. And have. So the question is, will there be action?

Jane Sanders overstated donation amounts in a bank application for a $6.7 million loan that was used by the college to purchase a prime 33-acre property on Lake Champlain in 2010.

Sanders told People’s United Bank that the college had $2.6 million in pledged donations to support the purchase of the former Roman Catholic Diocese of Burlington property on North Avenue. The college, however, received only $676,000 in actual donations from 2010 through 2014, according to figures provided by Burlington College.

That’s far less than the $5 million Sanders listed as likely pledges in the loan agreement, and less than a third of the $2.14 million Sanders had promised People’s Bank the college would collect in cash during the four-year period.

Two people whose pledges are listed as confirmed in the loan agreement told VTDigger that their personal financial records show their pledges were overstated. Neither were aware that the pledges were used to secure the loan.

Burlington College also cited a $1 million bequest as a pledged donation that would be paid out over six years, even though the money would only be available after the donor’s death.

I hear Cuba is sunny this time of year.

April 29, 2017 | 1 Comment » | 104 views

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