JANE SANDERS
The U.S. attorney in Vermont has told Jane Sanders, the wife of
Sen. Bernie Sanders (I-Vt.), that the office has completed an
investigation related to her stewardship of Burlington College and
decided not to bring charges, a top adviser to the senator said .
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.
Trustees said they later discovered that many of the donors had not
agreed to the amounts or the timing of the donations listed on
documents Sanders provided to a state bonding agency and a bank.
That led to her resignation in 2011 amid complaints from some
trustees that she had provided inaccurate information, former college
officials said.