2aguy
Diamond Member
- Jul 19, 2014
- 111,977
- 52,257
- 2,290
Yep...nothing like a democrat breaking the law.....
Plot Thickens in Probe of Bernie Sanders' Wife
Background. Jane O’Meara Sanders, while President of a small private college in Burlington, Vermont, allegedly claimed she had secured a large amount in donations in order to get a loan to build a lakeside campus. When those donations didn’t actually appear, the school defaulted on the loan. From Sevendays Vermont:
The crux of Toensing’s 2016 complaint was that, in order to secure the $6.5 million loan, O’Meara Sanders “successfully and intentionally engaged in a fraudulent scheme to actively conceal and misrepresent material facts from a federal financial institution.” Though O’Meara Sanders certified that Burlington College had locked down $2.6 million in future gifts and grants, the school realized only $676,000 of that over the next four years, according to audits.
Plot thickens. Not only did the default hurt the college, but it also hurt a Catholic Diocese. From SevenDays Vermont:
[Vermont GOP vice chair Brady] Toensing alleged that O’Meara Sanders committed federal loan fraud by inflating the number of fundraising commitments she had secured to buy the 32-acre North Avenue campus from the Roman Catholic Diocese of Burlington. When those donations failed to materialize, the college defaulted on its loans — costing the church, which financed a portion of the sale, between $1.6 million and $2 million.
Plot Thickens in Probe of Bernie Sanders' Wife
Background. Jane O’Meara Sanders, while President of a small private college in Burlington, Vermont, allegedly claimed she had secured a large amount in donations in order to get a loan to build a lakeside campus. When those donations didn’t actually appear, the school defaulted on the loan. From Sevendays Vermont:
The crux of Toensing’s 2016 complaint was that, in order to secure the $6.5 million loan, O’Meara Sanders “successfully and intentionally engaged in a fraudulent scheme to actively conceal and misrepresent material facts from a federal financial institution.” Though O’Meara Sanders certified that Burlington College had locked down $2.6 million in future gifts and grants, the school realized only $676,000 of that over the next four years, according to audits.
Plot thickens. Not only did the default hurt the college, but it also hurt a Catholic Diocese. From SevenDays Vermont:
[Vermont GOP vice chair Brady] Toensing alleged that O’Meara Sanders committed federal loan fraud by inflating the number of fundraising commitments she had secured to buy the 32-acre North Avenue campus from the Roman Catholic Diocese of Burlington. When those donations failed to materialize, the college defaulted on its loans — costing the church, which financed a portion of the sale, between $1.6 million and $2 million.
