Sen. Bernie Sanders and his wife Jane have booked prominent lawyers to defend her amid a federal probe into allegations of bank fraud related to a loan she took while she was in charge of now defunct Burlington College in Vermont.
The FBI is looking into claims that Mrs. Sanders falsified details on loan documents to enable her to expand Burlington College’s campus while she was president of the school.
The probe was triggered by a January 2016 complaint alleging Mrs. Sanders lied on a loan application for a $10 million from People’s United Bank in 2010.
The complaint was filed by lawyer Brady Toensing, who also served as campaign chair for President Donald Trump in Vermont.
Burlington College eventually shut down in 2016 and it cited Mrs. Sanders’ expensive land acquisition for its collapse.
Rich Cassidy, a Burlington-based lawyer and a supporter of Sen. Sanders, has reportedly been tapped to represent the independent senator. Larry Robbins, a high-profile Washington attorney, will be working for Mrs. Sanders.
100% Fed Up reports:
WOW! It looks like someone’s got some explaining to do. 2016 “anti-bank and “anti-corruption” Democrat presidential candidate Bernie Sanders and his lovely wife are BOTH under investigation for bank fraud. The guy who made railing against the rich a central theme of his 2016 campaign during his run against Hillary, plopped down a cool $600,000 for his third home on beautiful Lake Champlain only months after calling it quits on the campaign trail. Sanders and his lovely wife own a total of 3 homes (not exactly walking the walk). In addition to his luxury lifestyle, socialist Bernie Sanders, who managed to convince his followers he was a champion of the common man just scored a $795,000 advance on his new book, “Our Revolution: A Future to Believe In.”