Grand jury in Jane Sanders's Burlington College case hears testimony

A grand jury looking into charges that Jane Sanders, former president of Burlington College and wife of Vermont senator Bernie Sanders, misrepresented the amount of money donors gave to the school on loan applications in order to purchase a large tract of land.  The school went belly-up in 2016 because of the huge debt load.  At least one witness has already been called to testify before the grand jury.  VT Digger: Burlington College borrowed heavily to finance the purchase of 33 acres of lakefront property from the Roman Catholic Diocese of Burlington.  The deal relied on pledged donations and projections of increased enrollment.  In 2015, VTDigger reported that Jane Sanders overstated pledged donations in the loan document.  Two donors listed in the document told VTDigger at that time that their listed pledges were greater than what their personal financial records showed they gave. VTDigger also...(Read Full Post)