Federal prosecutors step up probe of land deal pushed by wife of Bernie Sanders
Source: The Washington Post
By Shawn Boburg and Jack Gillum July 10 at 11:12 AM
A federal investigation into a land deal led by Jane Sanders, the wife and political adviser of Sen. Bernie Sanders, 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 testify before a grand jury, according to interviews and documents.
A half-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 lawyers representing Jane Sanders had interviewed them to learn what potential witnesses might tell the government.
The investigation centers on the 2010 land purchase that relocated Burlington College to a new campus on more than 32 acres along Lake Champlain. While lining up a $6.7 million loan and additional financing, Sanders told college trustees and lenders that the college had commitments for millions of dollars in donations that could be used to repay the loan, according to former trustees and state officials.
Trustees said they later discovered that many of the donors had not agreed to the amounts or 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.
Read more: https://www.washingtonpost.com/investigations/federal-prosecutors-step-up-probe-of-land-deal-pushed-by-wife-of-bernie-sanders/2017/07/10/e3fc3e72-625a-11e7-8adc-fea80e32bf47_story.html
SunSeeker
(51,367 posts)MineralMan
(146,189 posts)Once an investigation is underway, it will not stop until it's finished. Where it leads, I don't know. But, it will proceed until either a grand jury is seated or it is dropped for lack of evidence sufficient to prosecute.
Being investigated by the Feds isn't something anyone really looks forward to.
VermontKevin
(1,473 posts)George II
(67,782 posts)...the reporter who dug into the details of "Bridgegate" and exposed it for the scandal that it turned out to be.
If there is something to this story (appears as though there is) Boburg will find it. He should change his name from Boburg to Bulldog!
4now
(1,596 posts)StevieM
(10,499 posts)It is overrun with partisan Republicans.
I tend to think if they had anything incriminating we would have heard all about it.
VermontKevin
(1,473 posts)leading the prosecution.
JI7
(89,172 posts)So wouldn't the bank be at fault.
VermontKevin
(1,473 posts)had the donor information, but the people were only identified by their initials. The agency approved the bond, the bank then buys the 10 million dollar bond. It seems like there were people at the bond agency who were outvoted, along with Trustees at the College.
So you'd have to look at both the agency, I guess, and then at the bank.
jmowreader
(50,447 posts)In 2010, the economy was a total wreck. No one was spending. No one was loaning. Anyone who had cash was hoarding it. And Burlington College, a 40-year-old, expensive, hippie school with a 38-percent second-year return rate, on the shores of Lake Champlain, had 250 students. Exactly how much crack would a loan officer have to be on to think giving this place seven million dollars was a good idea?
yagotme
(2,847 posts)Methinks more than a dose or two...