When Bernie Sanders’ wife Jane was leading Burlington College in Vermont, she made a land deal that nearly bankrupted the school.
Now the Catholic group with whom she made the deal, wants her investigated.
Heat Street reports:
Catholic Parishioners: Investigate Bernie Sanders’ Wife for Fraud
Catholic parishioners in Vermont want Bernie Sanders’ wife investigated for federal bank fraud, according to a letter sent to the U.S. attorney in January and reviewed by Heat Street.
When Jane O’Meara Sanders served as president of Burlington College between 2004 and 2011, she oversaw an aggressive effort to enroll more students and expand the campus to accommodate a bigger student body. Part of that plan: Taking out hefty loans to finance the $10 million purchase of 32 acres of prime property from the Roman Catholic diocese at the end of 2010.
But Burlington College soon found itself unable to make its loan payments. The Roman Catholic diocese, which had sold off the land to help pay for a $17 million sexual-abuse settlement, ultimately lost between $1.5 million and $2 million, according to the letter calling for investigation, as well as several Vermont media outlets.
The diocese did not respond to a request for an interview. But a source with direct knowledge of the diocese’s involvement in the land acquisition says Burlington College almost immediately struggled to meet its obligations.
The media has largely ignored this entire affair.
Do you think they’d look the other way if Bernie was a conservative?
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