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    Bernie Sanders, wife lawyer up amid college investigation

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    sinister_midget
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    Bernie Sanders, wife lawyer up amid college investigation

    Post  sinister_midget on Mon Jun 26, 2017 11:43 am

    Bernie Sanders, wife lawyer up amid college investigation

    Bernie Sanders and his wife Jane have lawyered up in the midst of a federal investigation involving a loan that led to the bankruptcy of the college where she was president.

    Federal investigators are examining a $10 million deal to buy 33 acres on the shore of Lake Champlain set up by Jane Sanders when she led now-defunct Burlington College in 2010.

    The complex deal involved a $6.5 million issuance of tax-exempt bonds by Vermont’s Educational and Health Buildings Finance Agency. People’s United Bank loaned Burlington College $6.5 million to buy the bonds. The Catholic church, which sold the land, loaned the school $3.65 million in a second mortgage.

    To secure the loans, Jane Sanders claimed to the bank and the church that the college had raised enough money to pay off the debt, reports say. Sanders cited $5 million in likely pledges and $2.4 million in confirmed fundraising in her requests to the bank, reports said.

    The probe centers around whether Sanders distorted the donor levels in the bank application. Prosecutors may also be looking into allegations that the senator’s office inappropriately urged the bank to approve the loan, according to Politico.

    When the college shut down in 2016, the property deal and its debt was cited as a cause.

    The Justice Department is handling the investigation, which will be pursued at the discretion of a U.S. attorney for Vermont that President Trump has yet to appoint.

    In case you wondered how a lifelong politician could afford 3 multi-million dollar mansions and some expensive cars on a poor public servant's salary.

    Ah, the hand-to-mouth existence of a committed communist.


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    sinister_midget
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    Re: Bernie Sanders, wife lawyer up amid college investigation

    Post  sinister_midget on Mon Jun 26, 2017 12:14 pm



    _________________
    One of the most important reasons for studying history is that
    virtually every stupid idea that is in vogue today has been tried
    before and proved disastrous before, time and again.
    --  Thomas Sowell
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    sinister_midget
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    Posts : 1888
    Join date : 2016-08-26
    Age : 64
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    Re: Bernie Sanders, wife lawyer up amid college investigation

    Post  sinister_midget on Mon Jun 26, 2017 9:05 pm



    _________________
    One of the most important reasons for studying history is that
    virtually every stupid idea that is in vogue today has been tried
    before and proved disastrous before, time and again.
    --  Thomas Sowell

      Current date/time is Mon Sep 25, 2017 3:46 pm