An Audit Shows How Jane Sanders Spent Burlington College $$$ Before She Ruined It:
"Bernie and Jane Sanders are both under FBI investigation for bank fraud as most know.
Some might not know that there was an audit.
The audit shows Jane Sanders funneled hundreds of thousands of dollars from Burlington College to family and friends despite the school’s limited resources.
Bernie, for his part, is accused of pressing the bank to give the loans to the college.
The poorly-backed loans ended up bringing the little hippie school down.
If they didn’t do anything illegal, the Sanders do seem ethically and financially challenged.
The duo serve as good examples of how Socialists handle finances...
...Sanders “successfully and intentionally engaged in a fraudulent scheme to actively conceal and misrepresent material facts from a federal financial institution,” Toensing’s letter read.
Sanders claimed the institution had $2.6 million in pledges for the loan when it actually only received $676,000 worth of donations from 2010 to 2014, according to the letter.
Bernie is accused of pressuring the bank to give the loans
...The unpopular former president of Burlington was eventually forced out by some angry colleagues over her mishandling of funds, which caused the school to go bankrupt last year.
After she was forced out, Jane Sanders extracted a “severance package from the college of more than 200,000”....