The wife of 2016 candidate for the Democrat presidential nominee Bernie Sanders has been under investigation by the Justice Department officials and the Federal Bureau of Investigation, over her role in possibly fraudulent fundraising activity while she was president of Burlington College.
Jane Sanders spearheaded a fundraising program aimed at expanding the small, private college, but which actually resulted in the permanent closure of the school in 2016.
The FBI and the US Attorney’s Office in Vermont have been analysing the Burlington College financial records and have questioned the former dean of operations about the fundraising activities which were related to the ambitious expansion plans.
The Daily Caller reports:
Jane Sanders, who was the president of tiny Burlington College from 2004 until 2011, masterminded the expansion plan, which would have more than doubled the enrollment of the school (from about 200 full-time students to over 400). The plan required the college take on $10 million in debt to finance the purchase of an expansive new campus.
The real estate purchase backfired massively, leading to Sanders’s departure from the college and its eventual collapse.
The expansion plan involved the purchase of a 33-acre plot on the shores of Lake Champlain owned by the Catholic Diocese of Burlington. The prime acreage contained a three-story building — once an orphanage — which was to be the centrepiece of the new Burlington College campus. The diocese was selling the property to help pay for a $17 million settlement of several sex-abuse lawsuits.
Jane Sanders has denied any wrongdoing on her part, stating that the college provided clear financial information to the relevant parties.