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Hassin Bin Sober

(26,326 posts)
34. And maybe there is a wide gap between what people said before the collapse and after the collapse.
Fri Jul 7, 2017, 11:23 AM
Jul 2017

It sounds to me like a bunch of he said she said. And quite possibly donors covering their asses.

At the very least nobody should be prosecuted for all of this nonsense. At least that's what reasonable people would think. Jagoffs like Bradley Toensing obviously have different opinions.

One donor is said to have given $30k but was listed for $60k. He said he never "formally" agreed to the second $30k. Okay, but did he "informally" promise the second $30k? Or did he just promise it? If the guy backed out of course he isn't going to admit to making a promise because he could be on the hook for the money. Because even verbal promises can be enforced.

The $million dollars from Maietta sounds pretty murky too. It sounds like she agreed to give a $one million dollars as a gift but then changed it to a bequest on advice of her accountant. This was done as a hedge against the college failing. She was writing checks at the time with the understanding those amounts would be deducted from the bequest amount.

Everyone keeps quoting Maietta as if her recollection and what she will say now might not be different from what she said or promised verbally to her friend the VP of Finance. There are several quotes from other people involved in the fundraising that cast a lot of doubt.



Christine Plunkett, the Finance VP at the time, seems to be the one who had the personal relationship with Maietta.


https://vtdigger.org/2017/05/04/burlington-college-donor-says-never-signed-pledge/

So much so that Maietta took the college out of her will due to how the staff and students treated Plunkett:

" Maietta said she had a personal relationship with Plunkett and was dismayed by how students and faculty treated Plunkett in 2014. When she was forced to resign under pressure from student protests, Maietta decided to remove Burlington College from her will."

In 2014, Christine Plunkett, who succeeded Sanders as Burlington College president, told WCAX in an interview about Maietta’s gift that “the understanding at the time was that it was a cash gift and we proceeded until we understood it was a bequest.”



“I know that particular donor, probably about a year after making a commitment, she began to question whether Burlington College would be successful, and that led, as I understood it, to a rescission of that commitment,” Leopold said.

Maietta said she had stopped cutting checks to Burlington College, partly based on advice she got from Moss. “He said, ‘They don’t know what they’re doing. They’re going to go belly up,’” she said.

Moss said he didn’t necessarily tell Maietta to stop giving the college money, so much as he floated the idea of leaving money in her will as a hedge against the possibility that the college might fail in its effort at expansion.

He said he had a gut feeling that the college was overextended, and by deferring the gift until her death, Maietta would be less likely to put money toward a lost cause.

In 2014, Christine Plunkett, who succeeded Sanders as Burlington College president, told WCAX in an interview about Maietta’s gift that “the understanding at the time was that it was a cash gift and we proceeded until we understood it was a bequest.”

I'm not sure why some want to keep bringing up this topic. NCTraveler Jul 2017 #1
... Trial_By_Fire Jul 2017 #2
I don't think you are asleep at the wheel. NCTraveler Jul 2017 #3
Mortgage fraud is a very easy thing to prove/disprove. AngryAmish Jul 2017 #4
Nonsense. Hassin Bin Sober Jul 2017 #15
Do your clients misrepresent their income by up to 50%?? R B Garr Jul 2017 #20
What assets are you talking about? Hassin Bin Sober Jul 2017 #22
Don't you get a mortgage for an asset? Like R B Garr Jul 2017 #23
The appraiser sets the value of the asset. The underwriter approves/accepts the appraisal. Hassin Bin Sober Jul 2017 #25
I personally know someone who went to prison on a stated income mortgage fraud loan AngryAmish Jul 2017 #27
Very powerful people?? Toensing?? karynnj Jul 2017 #44
There is a wide gap between a self employed person income estimate and what is alleged here Lee-Lee Jul 2017 #32
And maybe there is a wide gap between what people said before the collapse and after the collapse. Hassin Bin Sober Jul 2017 #34
Bernie Sanders throws the term "fraud" around very loosely. R B Garr Jul 2017 #38
I wouldn't go so far as to accuse the prospective donors of fraud. Hassin Bin Sober Jul 2017 #45
It looks like some of this might turn on how or if those pledges were R B Garr Jul 2017 #47
Arguing Bradley Toensing's side of this nonsense is also wishful thinking. Hassin Bin Sober Jul 2017 #52
Post removed Post removed Jul 2017 #54
It would be normal for the President to take as fact a gift listed by her CFO karynnj Jul 2017 #46
Yes, they had received at least $100k from Maietta. Hassin Bin Sober Jul 2017 #51
No. This was pledges and there will be documentation or the bank is in trouble. Demsrule86 Jul 2017 #40
Exactly, on everything you said. It looks like the OP posted this again R B Garr Jul 2017 #43
Yeah, the idea that this is all hearsay and a witch hunt is untrue. Demsrule86 Jul 2017 #48
I suspect the FDIC Inspector General is looking at the bank underwriting piece. Hassin Bin Sober Jul 2017 #50
How typical to attack people for discussing an ongoing fraud investigation. R B Garr Jul 2017 #53
Stake? It is a discussion. As one who has taken out many mortgages and fought off Bank of America Demsrule86 Jul 2017 #55
Why don't these guys start suing? Maybe they would at least slow down a little. blueinredohio Jul 2017 #5
Sue who? For what? Adrahil Jul 2017 #7
I know... Trial_By_Fire Jul 2017 #6
I don't actually believe Sanders' office would pressure the bank. LisaM Jul 2017 #8
I don't think his office would have the clout to pressure a bank. NCTraveler Jul 2017 #10
I think she was mis-cast as a university head. LisaM Jul 2017 #26
I am not saying Sen. Sanders did anything wrong, but any sitting Sen. has clout. Demsrule86 Jul 2017 #39
That is a huge "if". NCTraveler Jul 2017 #41
He is beloved in Vermont. He does have clout which doesn't mean he used it... Demsrule86 Jul 2017 #49
I really disagree that he had clout. NCTraveler Jul 2017 #56
I think any Senator has clout...it is a respected job... so we will just have to disagree. Demsrule86 Jul 2017 #57
"got his information from Republican ..." left-of-center2012 Jul 2017 #9
Partner with digenova and Toensing. elleng Jul 2017 #11
Poorly written article. The hearsay was the part where Bernie supposedly pressured the bank for the seaglass Jul 2017 #12
... Trial_By_Fire Jul 2017 #13
It's late. Might want to think about calling it a night. NCTraveler Jul 2017 #16
In the real world this is how these matters are handled Gothmog Jul 2017 #19
Putting inaccurate information on a mortgage application is a federal crime. There is no Demsrule86 Jul 2017 #37
The problem for the Sanders is that we have a Republican justice department...anyone Demsrule86 Jul 2017 #42
The probe into Flynnghazi started as an attack on Obama for 2012 re election. LaydeeBug Jul 2017 #14
I think this is as much bullshit as the Hillary Bengazi bullshit GulfCoast66 Jul 2017 #17
The FBI according to numerous accounts is actively investigating this complaint Gothmog Jul 2017 #18
This is not an investigation. It's a security review. Hassin Bin Sober Jul 2017 #24
Federal Bureau of Security Reviews nt geek tragedy Jul 2017 #28
Do you have support for this assertion Gothmog Jul 2017 #29
Really? Lee-Lee Jul 2017 #33
Many criminal investigations start with hearsay Lee-Lee Jul 2017 #21
There is evidently a real investigation here Gothmog Jul 2017 #30
Yup Lee-Lee Jul 2017 #31
This has been posted before and again this article deals with the allegation against Sen. Sanders. Demsrule86 Jul 2017 #35
... Trial_By_Fire Jul 2017 #36
Latest Discussions»General Discussion»FBI probe into Sanders' w...»Reply #34