Bernie Sanders’ wife is at the center of an FBI investigation.
The socialist Senator has tried to claim he is the victim of a political witch hunt.
But bombshell revelations show the investigation is even worse than anyone thought.
Jane Sanders’ tenure as the President of the now-defunct Burlington College is under the microscope.
She tried to secure a $6.7 million bank loan to fund a 32 acre expansion for the college by claiming she had raised two million in donations when, in fact, she had secured less than one million.
Despite Sanders trying to wave off the investigation as a hit job by political opponents, the FBI is stepping up their work.
The Washington Post reports:
A federal investigation of a land deal led by Jane Sanders, the wife and political adviser of Sen. Bernie Sanders (I-Vt.), 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 provide evidence for a grand jury, according to interviews and documents.
Half a 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 attorneys for Jane Sanders had interviewed them to learn what potential witnesses might tell the government.
Sanders’ loan application became problematic when the college’s trustees discovered donors had not agreed to the amount Sanders claimed.
The Post also reports:
Trustees said they later discovered that many of the donors had not agreed to the amounts or the 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.
For example, Sanders listed a one million dollar donation on her application.
But in reality, the gift was to be given as a bequest upon the donor’s death.
She had actually only donated $50,000 to $100,000.
As time went on, problems grew and more examples of misrepresentation cropped up.
The Post also reports:
But only months after the college closed on the property purchase, trustees sensed problems.
“Things did not add up,” Dantzscher said. “The donations were not coming in.”
Trustee David V. Dunn said the college collected only about $125,000 through the summer of 2011. The trustees asked other college administrators to get in touch with donors, he said.
“What they were finding was different than what was represented,” he said. “Multiple donors were saying they had never committed to those amounts.”
We will keep you up to date on any new developments in this story.