Home Culture U.S. Culture BREAKING: Both Bernie and Jane Sanders Under FBI Investigation for Bank Fraud

BREAKING: Both Bernie and Jane Sanders Under FBI Investigation for Bank Fraud

Vermont Sen. Bernie Sanders’ wife, Jane Sanders, has hired two well-known attorneys amid an ongoing investigation into allegations she defrauded a bank while serving as president of the now-defunct Burlington College.

Jane Sanders served as president of Burlington College from 2004 until 2011 and is blamed for leading the school into bankruptcy by falsifying a loan application.

Sanders stated in a 2010 loan application she had secured $2.6 million in promised donations to pay for the land purchase, which helped secure a $6.5 million loan from the People’s United Bank. Only $676,000 ever materialized over the next four years and the college defaulted on the loans, eventually going bankrupt in May 2016.

CBS News reports:

Sen. Bernie Sanders (I-VT) and his wife, Jane Sanders have hired prominent defense attorneys, amid an FBI investigation into a loan Jane Sanders obtained to expand Burlington College while she was its president, CBS News confirms.

Politico Magazine first reported the Sanders had hired lawyers to defend them in the probe. Sanders top adviser Jeff Weaver told CBS News the couple has sought legal protection over federal agents’ allegations from a January 2016 complaint accusing then-President of Burlington College, Ms. Sanders, of distorting donor levels in a 2010 loan application for $10 million from People’s United Bank to purchase 33 acres of land for the institution.

According to Politico, prosecutors might also be looking into allegations that Sen. Sanders’ office inappropriately urged the bank to approve the loan.

Burlington attorney and Sanders supporter Rich Cassidy has reportedly been hired to represent Sen. Sanders. And high-profile Washington defense attorney Larry Robbins, who counseled Libby “Scooter” Robbins, former Chief of Staff for the Vice President, is protecting Jane Sanders.

Ms. Sanders’ push for the liberal arts college’s costly land acquisition was cited in a press release by the college when it shut down in 2016.

Brady Toensing of Burlington, the man responsible for the claims filed to the U.S. attorney for Vermont, was a chairman for the Trump campaign in his state.

“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.

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