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Bernie Sanders and wife Jane hire lawyers amid loan fraud probe

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Old 06-24-2017, 07:18 PM   #1
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Default Bernie Sanders and wife Jane hire lawyers amid loan fraud probe

Bernie Sanders and wife Jane hire lawyers amid loan fraud probe
BY Denis Slattery
NEW YORK DAILY NEWS
Saturday, June 24, 2017

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Bernie Sanders and his wife have lawyered up amid a federal investigation into a loan that Jane Sanders took out while in charge of a now defunct Vermont college, according to reports.
Investigators are looking into allegations that Jane Sanders falsified information on loan documents in order to expand the campus of Burlington College while she served as president of the liberal arts school. bvn

The college began to face financial difficulties under Sanders’ tenure from 2004 to 2011, falling $10 million in debt.
Politico Magazine first reported the Sanderses hired lawyers to defend them in the probe. Sanders’ top adviser Jeff Weaver told CBS News the couple has sought legal protection.


Burlington attorney and Sanders supporter Rich Cassidy has reportedly been hired to represent Sen. Sanders.
And high-profile Washington attorney Larry Robbins, who defended Libby “Scooter” Robbins, former chief of staff for Vice President Dick Cheney, is working for Jane Sanders.
Democratic presidential candidate Sen. Bernie Sanders (I-Vt.), and his wife Jane take a walk in State College, Pa., in April 2016.

(Mary Altaffer/AP)
Sanders’ push for the liberal arts college's costly land acquisition was cited in a press release by the college when it shut down in 2016.
VTDigger, a local Vermont online publication, confirmed the FBI probe in April.
Sanders gives inspiring commencement speech at Brooklyn College
Jane Sanders claimed the college could count on $2.6 million in donations to pay for the 33 lakeside acres meant for the campus, according to a 2010 loan application.
But Sanders ultimately raised only a quarter of that amount, making $676,000 in donations over the next four years.
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The numbers that donors say they pledged compared to what Sanders documented differ, according VTDigger.
Investigators are looking into allegations that Jane Sanders falsified information on loan documents in order to expand the campus of Burlington College while she served as president of the liberal arts school.

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The school was in bankruptcy by May of last year — while Sen. Sanders was in the midst of his presidential bid — and closed its doors at the end of the month.


Sen. Sanders has indicated that he believes the investigation is based in politics.
“This implication came from Donald Trump’s Vermont campaign manager. It’s from Donald Trump’s campaign manager in Vermont,” he said in May. “Let me leave it at that because at this point it would be improper for me to say any more.”
The original request for an investigation into the potential bank fraud came from Brady Toensing, an attorney who chaired Trump’s Vermont campaign, and whose January 2016 letter to the U.S. attorney for Vermont put federal agents on the trail.
“The investigation was started more than a year ago under President Obama, his Attorney General Loretta Lynch, and his United States Attorney, all of whom are Democrats,” Toensing said in an email to CBS News.
According to Politico, prosecutors might also be looking into allegations that Sen. Sanders’ office inappropriately urged the bank to approve the loan.
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Old 06-24-2017, 09:03 PM   #2
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It is not looking good for Jane... did she mismanage funds at the College?
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Old 06-24-2017, 11:57 PM   #3
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Complaint came from drump's vermont campaign manager so who knows if it's based in fact or wishful thinking by a lying serpent who is plotting a 2021 inauguration bigger then anyone has ever imagined - lol
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Old 06-25-2017, 11:39 AM   #4
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Guess if you do not like it. It must not be true, always the same replies. Hum
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Old 06-25-2017, 01:21 PM   #5
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FREE COLLEGE FOR EVERYONE!!! Just kidding......it actually costs money...guess she didn't catch on quick enough......lol
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Old 06-25-2017, 05:30 PM   #6
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Burlington College allumni need to dig into their pockets
If the school is only $10 million in debt - maybe a few grads who did well will save them.
But it may be to late.
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