Crime

Bernie Sanders’ Wife Could Face Prison For Defrauding Vermont

commies (2)The wife of Socialist Senator Bernie Sanders, Jane,  was the president of a small college in  Burlington, Vermont for about seven years.  During her tenure as college president, she decided to double the size of the campus.  To do that, the college would need to borrow 10 million dollars in debt in order to expand.  The Daily Caller has received documents that show that the loans were fraudulent.  In order to get the loan, the college had to prove they had confirmed commitments amounting to  2.27 million over a five year period.

Sanders’ plan was to purchase 17 acres on the shore of Lake Champlain from the Archdiocese that needed to raise funds to pay off a sex abuse settlement.  She planned to refurbish existing buildings that would allow the college to expand from 200 full time students to 400.

Jane Sanders had to apply to Vermont Educational and Health Buildings Finance Agency (VEHBFA),an agency run by the state that issues the tax free bonds.  People’s Bank had agreed to buy the bonds.  The only catch at that point was proving the 2.27 million in incoming donations.  Sanders gave them a list of 31 endowments totaling 2.6 million and she told them with unconfirmed donations and pledges, the number they were expecting was just about five million.  Evidently, someone fudged the numbers because the actual total was just 1.3 million.

take our poll - story continues below

Should Congress Remove Biden from Office?

  • Should Congress Remove Biden from Office?  

  • This field is for validation purposes and should be left unchanged.
Completing this poll grants you access to Conservative Firing Line updates free of charge. You may opt out at anytime. You also agree to this site's Privacy Policy and Terms of Use.

Continue Reading

Related:

 

 

If you haven’t checked out and liked our Facebook page, please go here and do so.

Related Articles

Our Privacy Policy has been updated to support the latest regulations.Click to learn more.×