Monday, June 26, 2017

Bernie And His Old Lady Law Up

The top political adviser to Bernie Sanders has confirmed the senator and his wife have hired defense lawyers amid a federal probe, according to Politico Magazine.
The Federal Bureau of Investigation is looking into “some aspects” of the financial dealings of Burlington College, where Jane O’Meara Sanders worked as president from 2004 to 2011. The college went bankrupt in 2016 because of the “crushing weight of debt” it incurred under her tenure.

Brady Toensing, vice chair of the Vermont Republican party, wrote a letter to the U.S. attorney in March 2016, urging them to examine whether Sen. Sanders’ office had exerted “improper pressure” on People’s United Bank to approve a $6.7 million, tax-exempt loan for the college.
Jane Sanders’ woes date back to 2010, when she helped Burlington College borrow $10 million to purchase 32 acres of land from the Roman Catholic diocese. To secure these loans, Ms. Sanders repeatedly said she had secured more than $2 million in fundraising commitments and pledges—but only a fraction of that money materialized.
From Heat Street
Oh what a tangled web we weave etc., etc., etc.

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