Catholic Parishioners In Vermont Claim The Wife Of Bernie Sanders Lied To Get A Sweetheart Loan From The Catholic Diocese Of Burlington
https://mfi-miami.com/2016/04/bernie-sanders-commit-bank-fraud/
Catholic parishioners in Vermont want the wife of Bernie Sanders investigated for federal bank fraud. A letter sent to the U.S. attorney Eric Miller in January and to a similar letter sent to the Office of the Inspector General of the FDIC.
Jane O’Meara Sanders as President of Burlington College between 2004 and 2011. Sanders oversaw an aggressive strategy to enroll more students and expand the campus. This was to create more revenue for the college. The problem was Burlington College was short on cash. The college took out hefty loans to finance the $10 million purchase of 32 acres of prime property from the Catholic Diocese of Burlington in 2010.
The plan didn’t work out as well as Jane Sanders had hoped. Burlington College found itself unable to make its loan payments within a year after getting the loan. The Roman Catholic diocese sold the land to help pay for a $17 million sexual-abuse settlement.
The Diocese ultimately lost between $1.5 million and $2 million.
Catholic parishioners claim Sanders misrepresented the amount pledged to the college in its fundraising push. Aggravated parishioners have called for an investigation by the U.S. Attorney’s Office in Burlington. They have also requested an investigation by the FDIC for bank fraud.
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