- Mon Jul 10, 2017 12:59 pm
#90577
Bernie told everyone his wife reassigned from the Vermont college she once ran because she had brought the college to peak performance and accomplished what she had set out to do. Well, as a result of the current FBI investigation it's been disclosed Trustees discovered she had lied to them and he bank, they fired her sorry ass in 2011!
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 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 forced resignation in 2011 amid complaints from trustees that she had provided false 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.
The questions from government investigators, as described by those who were interviewed or received subpoenas for documents, suggest the investigation is focused on Jane Sanders for bank fraud and personal enrichment.
- By johnforbes
- By brandon