Bernie Sanders, Vermont’s self-avowed socialist Senator, is desperately trying to spin the FBI investigation into his wife’s likely financial crimes as a political attack launched against him by President Donald Trump. But the truth is, the investigation was started over a year ago when Obama was still in office.
Last week news broke that Senator Sanders and his wife, Jane, are under investigation for fraudulently filing for a $10 million loan for the now bankrupt Burlington College Jane headed as president.
The FBI says that in 2010 Jane Sanders misrepresented the money her college was set to make from donations when she went to a bank to get a loan to buy land for her college. The bank gave her a loan on the money she claimed to have rolling in from donors, but as it turned out the college ended up getting less than half the amount she said it would get.
The donations fell off so badly that only a few years after being awarded that $10 million loan, the college Jane Sanders was leading went bankrupt and shut its doors.
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