Jane and Bernie Sanders Under Investigation For Possible Loan Fraud

During the 2016 presidential elections, there were rumblings about Bernie Sanders’ and wife Jane’s tax returns and now it appears it might end up being trouble for the two of them.

During the 2016 presidential elections, there were always rumblings about Bernie and Jane Sanders’ tax returns. Just like Donald Trump, candidate Bernie would not release his tax returns. He gave no excuse, he just would not do it. Pretty strange for a guy clamoring for transparency.



Also during the campaign, there was talk about Jane Sanders and the bankrupt Burlington College of which she had been president. There were mentions of a loan, mentions of inappropriate behavior as the president of the college.

Nothing came of the suspicions during the campaigns. The Sanders never released their returns and Jane never discussed her issues at the college. All that has changed, and Jane Sanders has since retained the services of fancy high priced lawyers. Investigative reporters have been breaking stories about Jane Sanders allegedly committing bank fraud with loans for the now closed college.

Jane Sanders is accused of fraudulently obtaining a 10 million dollar bank loan that was going to be used to buy 33 acres of land for the college. Apparently, Bernie Sanders had used some of his weight to get the loans approved.

The request for the investigation was in January 2016 before the Iowa and New Hampshire votes. The “Request for an Investigation into Apparent Federal Bank Fraud” was made by the US Attorney for Vermont. The loan requests were made in 2010 for the small and struggling school. Jane Sanders falsified data in order to get the loan.



The FBI is looking into the matter to determine what Ms. Sanders did or didn’t do and what Bernie himself did. There is talk that Senator Sanders office pressured the bank to make the loan.

Burlington College ran into problems as soon as the loan payments became due. Politico reported that Jane Sanders had signed documents for 1.2 million dollars, but the school had only received $279,000. Sanders had big plans for the school but they were not coming through.

In 2011 Jane Sanders was asked to resign by the board. Politico wrote that the school offered no official reason for her departure. Sanders was out October 14, 2011, with a parting package worth $200,000 in salary, retirement payments and deferred bonus, paid out over two years.

Senator Sanders has tried to ignore questions about the investigations. He usually side steps them and doesn’t answer. Kind of like how he would not release his tax returns.



In January 2016, Bradley Toensing of Burlington Vermont filed the claims to the US Attorney General. Let it be noted, that Toensing was the Vermont Chairman of Donald Trump’s campaign. “I filed a request for an investigation in January 2016 and an investigation appears to have been started right away,” he said in an email to CBS News. “It was started under President Obama, his Attorney General, and his U.S. Attorney, all of whom are Democrats.” “My only hope is for a fair, impartial, and thorough investigation,” Toensing added.

The Sanders have since retained the legal services of Rich Cassidy a well-connected Burlington lawyer; and, in Washington, they have retained Larry Robbins, who also represented Scooter Libby.

It may all be nonsense as the Senator may like to say, but it can no longer be ignored.