Bernie Sanders has hired a high powered lawyer as he and his office are being investigated for using undue influence to help wife’s university gain a loan through the use of fraud. New charges could be pending against Jane Sanders after it was learned that she made a deal with a wood working school that benefited the owner, who happens to be her daughter.
Sanders took out a $10 million loan from People’s United Bank in 2010 to purchase 33 acres of land to be added to the college’s holdings. But in applying for the loan, the FBI is investigating as to whether or not Sanders misrepresented the school’s donor levels to make the college seem like it had more income than it actually did, VTDigger.org reported.
Sanders told the bank that Burlington College had an expected income $2.6 million in donations for fiscal year 2010, but in fact, the college only raised $676,000 between 2010 and 2014, a sum so small it put the school in bankruptcy by 2016, The Hill reported.
After Jane Sanders’ tenure as president, Burlington College went bankrupt and permanently closed its doors in 2016.
According to the feds, they are also investigating the possibility that Sen. Sanders himself intervened with the bank to get the loan approved.
Now that the investigation has been made public, both Sanders have obtained lawyers and will no longer cooperate with federal authorities.
The Sanders hired two lawyers. “Rich Cassidy, a well-connected Burlington attorney and Sanders devotee, and Larry Robbins, the renowned Washington-based defense attorney who has represented I. Lewis ‘Scooter’ Libby and disgraced former Rep. Bill Jefferson,” according to Politico.
Even as the investigation was started a year ago under President Barack Obama, Sanders is lambasting the FBI’s investigation as a “Trump” attack on him.