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In reply to the discussion: Lawyer behind Sanders allegations has history of complaints [View all]Gothmog
(179,632 posts)6. Federal prosecutors step up probe of land deal pushed by wife of Bernie Sanders
This is on the front page of the Washington Post internet feed https://www.washingtonpost.com/investigations/federal-prosecutors-step-up-probe-of-land-deal-pushed-by-wife-of-bernie-sanders/2017/07/10/e3fc3e72-625a-11e7-8adc-fea80e32bf47_story.html?utm_term=.dde763ae2b24
A federal investigation into a land deal led by Jane Sanders, the wife and political adviser of Sen. Bernie Sanders, has accelerated in recent months with prosecutors hauling off more than a dozen boxes of records from the Vermont college she once ran and calling a state official to testify before a grand jury, according to interviews and documents.
A half-dozen people said in interviews in recent days that they had been contacted by the FBI or federal prosecutors, and former college trustees told The Washington Post that lawyers representing Jane Sanders had interviewed them to learn what potential witnesses might tell the government.
The investigation centers on the 2010 land purchase that relocated Burlington College to a new campus on more than 32 acres along Lake Champlain. While lining up a $6.7 million loan and additional financing, Sanders told college trustees and lenders that the college had commitments for millions of dollars in donations that could be used to repay the loan, according to former trustees and state officials.
Trustees said they later discovered that many of the donors had not agreed to the amounts or timing of the donations listed on documents Jane Sanders provided to a state bonding agency and a bank. That led to her resignation in 2011 amid complaints from some trustees that she had provided inaccurate information, former college officials said.
The land deal, the officials said, became a financial albatross for the 160-student school, contributing to its closure last year.
A half-dozen people said in interviews in recent days that they had been contacted by the FBI or federal prosecutors, and former college trustees told The Washington Post that lawyers representing Jane Sanders had interviewed them to learn what potential witnesses might tell the government.
The investigation centers on the 2010 land purchase that relocated Burlington College to a new campus on more than 32 acres along Lake Champlain. While lining up a $6.7 million loan and additional financing, Sanders told college trustees and lenders that the college had commitments for millions of dollars in donations that could be used to repay the loan, according to former trustees and state officials.
Trustees said they later discovered that many of the donors had not agreed to the amounts or timing of the donations listed on documents Jane Sanders provided to a state bonding agency and a bank. That led to her resignation in 2011 amid complaints from some trustees that she had provided inaccurate information, former college officials said.
The land deal, the officials said, became a financial albatross for the 160-student school, contributing to its closure last year.
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The fact that federal agents are questioning principles in the matter is proof enough...
George II
Jul 2017
#4
That donor has stated that she was contemplating making a $1 million donation when she died
Gothmog
Jul 2017
#31
Pretty sad that the loan was awarded based on one of the big donors dying....
George II
Jul 2017
#38
The donor just refused to make the statements made to get the loan not fraudulent
Gothmog
Jul 2017
#39
It's not an "attack lawsuit", it's not even a lawsuit of any kind - it is a complaint filed...
George II
Jul 2017
#3
Republican Scum At Work And They Always Get Away With It Weakening Progressives So...
All-In
Jul 2017
#5
A federally insured financial institution lost money due to potentially false statements
Gothmog
Jul 2017
#7
Not $10 million loans. And we don't know yet if she lied, that's why there's an investigation.
George II
Jul 2017
#14
I don't know about "usual suspects" but there is a federal investigation. Papers
VermontKevin
Jul 2017
#15
no we include them in the usual post-journalism practice of unexamined regurgitation
Voltaire2
Jul 2017
#26
You're implying that the FBI is investigating "bullshit" and has been doing so for more than a year?
George II
Jul 2017
#42
The first article I saw about Jane and the bad loans was in Sept 2015, months before the Vermont GOP
Starry Messenger
Jul 2017
#40