Jane Sanders, the wife of Bernie Sanders, was once the president of Burlington College in Vermont. Under her leadership, the school took on a massive amount of debt which it couldn’t pay back. The school ultimately fired Jane Sanders but then closed as a result of the debt.
Now the FBI is investigating Jane Sanders over allegations that she may have falsified documents related to the deal.
The Hill reports:
FBI investigating Jane Sanders for alleged bank fraud: report
Federal investigators are looking into allegations that Sen. Bernie Sanders’s (I-Vt.) wife, Jane Sanders, falsified loan documents while she served as the president of Burlington College, according to multiple reports.
The small Vermont liberal arts school closed down in May 2016, after going bankrupt and failing to meet accreditation standards.
The college began to face financial difficulties during Sanders’s tenure from 2004 to 2011, falling $10 million into debt when the school purchased a new campus in 2010.
Sanders has been accused of falsifying the information on the loan documents in order to expand the college grounds.
The VTdigger.org reported that some of the donors Sanders appealed to for help with loans are now in contact with the FBI and Federal Deposit Insurance Corporation (FDIC).
This could turn out really badly for Jane Sanders.