Feeling the prospective sting of accountability that socialist grifters rarely experience in their natural lives, Sen. Bernie Sanders is lashing out at those accusing his wife of an alleged financial fraud that caused Burlington College to collapse last year.
Media reports also indicate prosecutors could be investigating the Independent U.S. senator from Vermont for allegedly attempting to muscle the bank into approving the loan.
The leftist power couple lawyered up, reportedly hiring big-name defense attorneys. Rich Cassidy of Burlington, Vt., is representing Bernie, while Beltway insider Larry Robbins, who advised Lewis “Scooter” Libby, former chief of staff to Vice President Dick Cheney, is acting for Jane.
Sanders, who used to be mayor of Burlington, said it was “fairly pathetic” that his family was being attacked and seemed to hint that the allegations of fraud and undue influence materialized out of thin air. He described his wife as “about the most honest person I know.”
As the small college’s president from 2004 to 2011, Jane O’Meara Sanders apparently bankrupted the nontraditional institution of higher learning founded in 1972 through reckless spending – just as her husband promised to do to America if elected president of the United States. When it went under, the college sent out a press release blaming the “crushing weight of debt” Mrs. Sanders incurred for its demise.
The FBI is reportedly investigating Jane Sanders for allegedly misrepresenting donations to the college in a $10 million loan application to People’s United Bank in 2010. The money was to acquire 33 acres of land from a cash-strapped church to expand the college. The property was on the shores of Lake Champlain.
As a media outlet reported last year,
The purchase was huge—especially for a school whose annual budget didn’t crack $4 million. Jane Sanders plan was to bet big. To finance the deal, Burlington issued tax-free bonds, took a $3.5 million loan from the diocese, and received a $500,000 bridge loan from Tony Pomerleau, a wealthy local real-estate developer and close friend of the Sanderses.
Enrollment at the college and donations to it did go up but not enough to service the added levels of debt. After sowing the seeds of the school’s destruction, Mrs. Sanders grabbed her golden parachute and moved on.