Earlier today, federal prosecutors finished an investigation into a bad land deal involving Burlington College and Jane Sanders (the college's former president and the wife of Senator Bernie Sanders). Mrs. Sanders had been under investigation for allegedly lying on the loan application about the amount of “firm” donations the college had received in order to expand the campus. The Washington Post explains,
The investigation centered on a 2010 land purchase that relocated the college Jane Sanders previously ran to a new campus on more than 32 acres along Lake Champlain. While lining up a $6.7 million loan and additional financing, she 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. -- More...
