Jane Sanders Under Investigation for Possible Bank Fraud

Vermont Senator Bernie Sanders, a self proclaimed Democratic Socialist, was popular among Democrats during the 2016 Presidential election. His Presidential aspirations were cut short when the Democratic party colluded with the Clinton campaign, favoring her to win the nomination.

Since the election that saw President Trump elected, Bernie Sanders has been heavily critical of the President, but it seems the Vermont Senator finds himself on the receiving end of what could be a huge blow to the image and message he’s portrayed.

As reported by the Hill, Bernie’s wife, Jane Sanders, is under investigation for allegations of having falsified loan documents while she was the president of Burlington College, which closed down in 2016 for not meeting the accreditation standards and filing for bankruptcy. It was during her time as president from 2004 to 2011 that the school went through financial hardships, facing a debt of $10 million after a 2010 purchase of a new campus. Thus, the accusations of falsifying loan documents pertain to wanting to expand the school grounds.

She argues that, in reference to a loan application from 2010, $2.6 million in donations could be counted on to pay for the land, but she was ultimately only able to raise $676,000 in the span of the following four years, which landed the college into bankruptcy.

Bernie Sanders’ spokesman, Jeff Weaver, was contacted by the Daily Caller last week in regards to the investigation, but Weaver commented that the FBI had not yet contacted Jane Sanders to question her.

The post Jane Sanders Under Investigation for Possible Bank Fraud appeared first on Shark Tank.