Bernie Sanders and his wife Jane hire lawyers as Feds open investigation into whether she falsified loan applications to try and save the liberal arts college she ran
Bernie Sanders and his wife have hired lawyers after the feds opened an investigation into loan applications she made to help save a Vermont college, according to reports.
A probe is being launched into whether Jane Sanders falsified information on loan documents in order to expand the campus of Burlington College while she served as president.
Jane ran the of the liberal arts school from 2004 to 2011. During that time the college fell $10million in debt.
Bernie Sanders and his wife, Jane Sanders (pictured together in Chicago on June 10), have hired lawyers amidst a federal investigation, according to reports
A probe is being launched into whether Jane Sanders falsified information on loan documents in order to expand the campus of the now-defunct Burlington College (pictured) while she served as president of the liberal arts school from 2004 to 2011
According to Politico Magazine, Brady Toensing, an attorney who chaired Trump's Vermont campaign, looked at the school's loan documents.
He allegedly saw that Jane Sanders had convinced a bank that the college - which had an annual budget of $4million - could repay the sum.
She also claimed the college could count on $2.6million in donations to pay for the 33 lakeside acres meant for the campus, according to a 2010 loan application.
But Jane only raised one-quarter of that amount, raking in $676,000 in donations over the next four years.
VTDigger, a local Vermont online publication, says the numbers that donors say they pledged differ from what Jane documented.
The school ended up closing its doors last May after filing for bankruptcy.
Burlington attorney and Sanders supporter Rich Cassidy has reportedly been hired to represent the Vermont Senator. Meanwhile, high-profile Washington attorney Larry Robbins is working for Jane Sanders.
Senator Sanders indicated that he believes the investigation stemmed from politics.
Jane (pictured with Senator Sanders in Chicago on June 10) allegedly claimed the college could count on $2.6million in donations to pay for the 33 lakeside acres meant for the campus, according to a 2010 loan application. But she only raised one-quarter of that amount, raking in $676,000 in donations over the next four years
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.
(Probably because he wanted his girl to get elected)
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