During the presidential campaign polls indicated that candidate Bernie Sanders, who admits to being a socialist, was considered significantly more trustworthy than rival Hillary Clinton. Sanders also polled well on trustworthiness compared to Republicans Donald Trump, Marco Rubio, John Kascich, Ted Cruz and even Ben Carson as well.
Now as it turns out, Sanders may face questions both about his trustworthiness and his real adherence to socialist principles because of his wife, Jane, who was his great support on the campaign trail.
As the Daily Caller reports, Jane Sanders, Bernie’s wife, is being questioned by federal investigators regarding accusations of bank fraud while she was president of the now defunct Burlington College.
According to the report:
Mrs. Sanders served as president of Burlington College from 2004 until 2011 before reportedly leaving with a $200,000 severance package. As part of an ambitious plan to boost enrollment, Sanders had the college take on $10 million in debt to purchase a piece of land to expand the campus.
Sanders stated in a 2010 loan application she had secured $2.6 million in promised donations to pay for the land purchase, which helped secure a $6.5 million loan from the People’s United Bank. Only $676,000 ever materialized and the college defaulted on the loans, eventually going bankrupt in May 2016.
One such alleged promised donation came from an elderly member of Vermont’s “millionaire and billionaire” class.
Sanders wrote on a 2010 loan application that 83-year-old Corinne Bove Maietta, the daughter of the founders of Bove Restaurants in Burlington, pledged $1 million to Burlington College over five years. Maietta, who has a property in West Palm Beach, says it was not a pledge but an unspecified bequest to be paid to the school upon her death.
Jane Sanders sadly seems to have left a legacy at Burlington College much like that of Hugo Chavez’s legacy in Venezuela.
Of course, this all involves Jane Sanders, not her husband. But it’s impossible to overlook the connection between the two. So, it will be interesting for political watchers to learn the final result of this investigation.
After all, the penalty for bank fraud is a fine not more than $1,000,000 or imprisoned not more than 30 years, or both.
But until this investigation concludes the Sanders will continue to enjoy a lifestyle very close to that of the “millionaires and billionaires” Bernie disparages during his political speeches – thanks in large part to Jane Sanders’ $200,000 a year severance package from Burlington College.