Think this probe just might be politically motivated…???

clip_image002…Think this probe just might be politically motivated…???

Federal prosecutors step up probe of land deal pushed by wife of Bernie Sanders

Shawn BoburgJack Gillum July 10 at 11:29 PM     EDITOR’S NOTE: An earlier version of this story quoted James C. Foley Jr., an attorney for an official with a Vermont bonding agency, as saying that his client was initially called to appear before a grand jury but that prosecutors later agreed that documents alone would be sufficient. Foley clarified late Monday, however, that the grand jury subpoena required only that documents be turned over. The story has been updated.

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.

Half a dozen people said in interviews in recent days that they had been contacted by the FBI or federal prosecutors, and former college trustees told The Washington Post that attorneys for Jane Sanders had interviewed them to learn what potential witnesses might tell the government.

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.


%d bloggers like this: