Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Gothmog

(179,632 posts)
6. Federal prosecutors step up probe of land deal pushed by wife of Bernie Sanders
Mon Jul 10, 2017, 12:47 PM
Jul 2017

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.

Recommendations

0 members have recommended this reply (displayed in chronological order):

There is a real FBI investigation going on and the Sanders have lawyered up Gothmog Jul 2017 #1
It does matter how it was started. Equinox Moon Jul 2017 #2
The fact that federal agents are questioning principles in the matter is proof enough... George II Jul 2017 #4
Federal prosecutors step up probe of land deal pushed by wife of Bernie Sanders Gothmog Jul 2017 #6
That is a seated grand jury. nt VermontKevin Jul 2017 #16
I saw that in the article also Gothmog Jul 2017 #18
A seated grand jury means a federal prosecutor means to make a case. VermontKevin Jul 2017 #21
I had read a local story about one of the donors. NYResister Jul 2017 #23
That donor has stated that she was contemplating making a $1 million donation when she died Gothmog Jul 2017 #31
That's what I got from the article. NYResister Jul 2017 #34
That type of misstatement is the basis for the fraud investigation Gothmog Jul 2017 #35
Thank you. NYResister Jul 2017 #37
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
Post removed Post removed Jul 2017 #27
Read the Washington Post article Gothmog Jul 2017 #29
There's also an OP in "Latest Breaking News" with the same article.... George II Jul 2017 #33
It is a good article Gothmog Jul 2017 #36
Cool down shenmue Jul 2017 #30
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
Thank you. Sanders are non millionaires onit2day Jul 2017 #12
Well, not that it matters, but their income last year was over $1M. And.... George II Jul 2017 #13
I took flight? When? Gothmog Jul 2017 #19
From the article posted by Gothmog, it is a seated grand jury. nt VermontKevin Jul 2017 #17
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
20 million Americans lied on loan applications All-In Jul 2017 #8
If the federally insured financial institution suffers a loss, they could be Gothmog Jul 2017 #10
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
A federally insured financial institution is exposed for the $10 million loan Gothmog Jul 2017 #20
Al Giordano noted someting interesting about the article you posted. VermontKevin Jul 2017 #22
This is a beyond pathetic hit job All-In Jul 2017 #9
We'll have to see if the Grand Jury issues an indictment. George II Jul 2017 #24
Post removed Post removed Jul 2017 #11
I don't know about "usual suspects" but there is a federal investigation. Papers VermontKevin Jul 2017 #15
Do we include CBS News and CNBC among the "usual suspects"? George II Jul 2017 #25
no we include them in the usual post-journalism practice of unexamined regurgitation Voltaire2 Jul 2017 #26
Translation please. George II Jul 2017 #32
reporting bullshit doesn't make it not bullshit Voltaire2 Jul 2017 #41
You're implying that the FBI is investigating "bullshit" and has been doing so for more than a year? George II Jul 2017 #42
Whose defending? NastyRiffraff Jul 2017 #28
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
"This is going to take more than Weaver's dazzle camouflage" Me. Jul 2017 #43
Latest Discussions»Latest Breaking News»Lawyer behind Sanders all...»Reply #6