We dodged a bullet and all I can say is thank you! If there was ever any question whether Bernie Sanders and his wife are corrupt, look no further than the current investigation the wife of the Vermont Senator is under. Jane Sanders is being investigated by the FBI over her role in a possibly fraudulent acquisition of nearly $7 million in tax-exempt bonds when she was the president of Burlington College.
From Daily Caller
An extremely ambitious expansion and fundraising effort spearheaded by Jane Sanders ended up bankrupting the tiny, private and now-defunct school in Burlington, Vermont. It closed its doors — suddenly and permanently — in 2016.
Emails obtained through an open records request by The Vermont Journalism Trust reveal that FBI agents and the US Attorney’s Office in Vermont have been analyzing Burlington College records for over a year. Also, the feds have subpoenaed at least one former Burlington College employee.
That employee, former Burlington College dean of operations Coralee Holm, told The Vermont Journalism Trust that FBI agents questioned her about the fundraising activities related to the expansion.
Jane Sanders, who was the president of tiny Burlington College from 2004 until 2011, masterminded the expansion plan, which would have more than doubled the enrollment of the school (from about 200 full-time students to over 400). The plan required the college take on $10 million in debt to finance the purchase of an expansive new campus.
The real estate purchase backfired massively, leading to Sanders’s departure from the college and its eventual collapse.
The expansion plan involved the purchase of a 33-acre plot on the shores of Lake Champlain owned by the Catholic Diocese of Burlington. The prime acreage contained a three-story building — once an orphanage — which was to be the centerpiece of the new Burlington College campus. The diocese was selling the property to help pay for a $17 million settlement of several sex-abuse lawsuits.
In order to finance the purchase, Burlington College presented its case to the Vermont Educational and Health Buildings Finance Agency, a state agency that issues tax-exempt state bonds for the benefit of nonprofit institutions such as schools or hospitals.
People’s Bank agreed to purchase the bonds, “contingent upon” a “minimum commitment of $2.27 million of grants and donations prior to closing.”
Sanders suggested at the time that she and the school had lined up several donors ready to fork over $2.6 million. And that was just the tip of the iceberg, Sanders promised at the time. Many other potential pledged donations would be forthcoming. The state agency granted the school $6.7 million in tax-exempt bonds on the assumption that Sanders would raise the money through donors.
After Sanders orchestrated the deal, things took a dramatic downturn for the college after being granted the $6.7 million in tax-exempt bonds. The tiny college never received anything close to the $2.6 million Sanders had promised. In fact, it only received $676,000 from 2011 through 2014, only a percentage of what was promised. Naturally, Sanders denied any wrongdoing claiming that the school gave the state finance agency “very clear indications of what money was in hand, what money was expected, what money was absolutely not able to be revoked.”
“So I don’t know what to tell you,” she said.
According to the Daily Caller, On Sep. 26, 2011, less than a year after orchestrating the property purchase and with two years remaining in her contract, Jane Sanders abruptly resigned as president of Burlington College.
Sanders’s lawyers and the college reached a settlement several days after her resignation under which she collected a roughly $200,000 severance package.
The FBI has yet to confirm whether Jane Sanders will face any charges, but that is policy for the secretive agency. Chances are we won’t know until the investigation is complete and they actually do find any incriminating evidence against her. And this is the wife of the guy liberals love. Give me a break.
H/T Daily Caller