Tuesday, July 11, 2017

In the Meantime...

Bernie Sanders hopefuls may be feeling the Bern again.
A federal investigation of a land deal led by Jane Sanders, the wife and political adviser of Sen. Bernie Sanders (I-Vt.), has accelerated in recent months — with prosecutors hauling off more than a dozen boxes of records from the Vermont college she once ran and calling a state official to provide evidence for a grand jury, according to interviews and documents.

  WaPo
Looks like Jane needed an adviser of her own.
The investigation centers on the 2010 land purchase that relocated Burlington College to a new campus on more than 32 acres along Lake Champlain. While lining up a $6.7 million loan and additional financing, Jane Sanders told college trustees and lenders that the college had commitments for millions of dollars in donations that could be used to repay the loan, according to former trustees and state officials.

Trustees said they later discovered that many of the donors had not agreed to the amounts or the timing of the donations listed on documents Jane Sanders provided to a state bonding agency and a bank. That led to her resignation in 2011 amid complaints from some trustees that she had provided inaccurate information, former college officials said.

The land deal, the officials said, became a financial albatross for the 160-student school, contributing to its closure last year.

[...]

[T]he inquiry could [...] create a political liability for the senator, who was a candidate for the 2016 Democratic presidential nomination and is the progressive movement’s most popular leader.
...but hey, do what you want...you will anyway.

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