The U.S. attorney in Vermont has told Jane Sanders, the wife of Sen. Bernie Sanders (I-Vt.), that the office has completed an investigation related to her stewardship of Burlington College and decided not to bring charges, a top adviser to the senator said Tuesday.
The investigation centered on a 2010 land purchase that relocated the college Jane Sanders previously ran to a new campus on more than 32 acres along Lake Champlain. While lining up a $6.7 million loan and additional financing, she 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.
Federal prosecutors step up probe of land deal pushed by wife of Bernie Sanders
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 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 in 2016.
Original Source: By John Wagner Washington Post