Politico Magazine on Thursday reported that the couple has hired separate attorneys as the Sanders couple face a probe led by the FBI as to whether the progressive senator used his influence to help his wife obtain a loan for the expansion of now-defunct Burlington College, while she was president. But more than the reported in Politico, the investigation will delve into complaints that Jane Sanders, then president of Burlington College, inflated the estimated income of either her personal income status or the estimated income of the college by several thousands of dollars.
Understand that this is no "witch hunt," but, rather, a criminal investigation into the couple's declarations as part of a written submittal for a loan to the college.
These are the details according Hot Air reporting:
The records showed that Sanders had assured People’s United Bank and the state bonding agency that the college had $2.6 million in pledges to secure the loan. Internal college audits showed that only $676,000 in actual donations came in from 2010 to 2014. Sanders listed two people as having confirmed pledges for more money than they had offered; neither knew their pledges had been used to support the loan. A third donor had offered a $1 million bequest, to be paid upon her death. Instead, the college’s loan application counted it in funds to be paid out over the next few years.
The donor, Corinne Bove Maietta, told VTDigger she had made the bequest contingent on her death, but was surprised the college counted the $1 million toward paying off the land loan. “They had me in increments?” Maietta asked, from her home in Florida. “No, never.” She and her accountant said Sanders asked Maietta to sign documents confirming the donations, but they declined. Maietta said investigators with the Federal Deposit Insurance Agency had interviewed her about the loan details. At the time, Sanders declined to comment.
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