The FBI and Justice Department have investigated and may still be investigating Bernie Sander’s wife for her sketchy land acquisition deal, the Daily Caller reports.
The investigation was looking into her possibly fraudulent acquisition of nearly $7 million in tax-exempt bonds. It might be ongoing.
Jane Sanders bankrupted the small Burlington College while she was President of the college.
Mrs. Sanders was forced to resign with a $200,000 severance package.
Politico reported that the former Burlington College president ran Burlington college into the ground for seven years (from 2004 to 2011). While she was in charge, it sank deep into debt while trying to expand its campus. Many students took out tens of thousands of dollars in loans to attend, but only a third of former Burlington College students earn more than the average person with a high school diploma.
Mrs. Sanders overstated donation amounts in a bank application for a $6.7 million loan that was used by the college to purchase a prime 33-acre property on Lake Champlain in 2010.
Sanders told People’s United Bank that the college had $2.6 million in pledged donations to support the purchase of the former Roman Catholic Diocese of Burlington property on North Avenue. The college, however, received only $676,000 in actual donations from 2010 through 2014, according to figures provided by Burlington College.
Her plan was to start a new campus and attract tons of new students though she had no reason to believe it would work. Her formula is the same her husband espouses and which has failed throughout the nation.