Feds looking into Bernie Sanders, wife over real estate deal

Katrina Barker
June 27, 2017

Sanders and his wife Jane O'Meara Sanders have hired lawyers in the face of federal investigations into the finances of the now-defunct Burlington College, which closed past year due, many feel, to debts incurred when Jane Sanders entered into an ill-advised real estate deal. (Sanders has not commented publicly on the investigation.) CBS News reported that Sen.

In a lengthy feature, Politico magazine reports that the investigation into Jane Sanders began in 2016 under then U.S. President Barack Obama. To get the loan, the college had to have a minimum of $2.27 million in grants and donations to pay the loan back.

News of the investigation into Jane Sanders is bound to rile left-leaning supporters of her husband.

News that Bernie and Jane Sanders retained two lawyers broke over the weekend. "That's about it. I don't think it'll be a distraction". The site stated that "Jane Sanders overstated donation amounts in a bank application for a $6.7 million loan that was used by the college to purchase a prime 33-acre property on Lake Champlain in 2010". During a May interview with Burlington's WCAX-TV, however, the senator dismissed the allegations as "nonsense" and suggested they were politically motivated.

The original request for an investigation into the potential bank fraud came from Brady Toensing, an attorney who chaired Trump's Vermont campaign, and whose January 2016 letter to the US attorney for Vermont put federal agents on the trail.

Burlington fell into severe financial difficulties under Jane Sanders' leadership. Even while Hillary Clinton battled Bernie for the Democratic crown, more accusations emerged that would eventually add to her election demise. Sanders's office inappropriately lobbied and urged the bank to approve the loan. Bernie Sanders says Toensing "has gone after a number of Democrats and progressives" in Vermont.

Trump, who is fond of talking about his election victory, was clearly referencing the hacked Democratic National Committee emails that showed how party officials were none too happy with the rise of Sanders during the primary battle. He is one of four GOP senators to say they are opposed it but are open to negotiations, which could put the measure in immediate jeopardy.

Throughout the 2016 campaign and Trump's time in office, Sanders, a former contender for the Democratic presidential nomination, has pressured the president to keep his promise to protect Medicaid, Medicare, and Social Security.

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