Sanders Says Fraud Investigation into Wife Won't Be 'Distraction'

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Bernie Sanders and his wife have lawyered up amid a federal investigation into a loan that Jane Sanders took out while in charge of a now defunct Vermont college, according to reports.

Burlington College was a private, non-profit liberal arts college that was placed on probation in July 2014 for failing to meet the standards regarding financial resources and ultimately closed down on May 27, 2016. She told CBS News that the loan was approved by the college's financial board.

After months of murmurs surrounding alleged bank fraud, the FBI investigation into a $10 million loan took out by Jane Sanders while president of Burlington College has come to a head.

Sen. Bernie Sanders (I-VT), self-proclaimed champion of the underdog, has been calling for big government to put the rich elites in their place for many years.

On January 10, 2016, in the midst of Sanders' sudden stardom-just weeks before the votes in Iowa and New Hampshire-the USA attorney for Vermont was sent a "Request for an Investigation into Apparent Federal Bank Fraud". Additionally, investigators are probing whether the Vermont senator's office pressured the bank to approve the loan, Politico Magazine added. Who is Toensing? Besides being a Vermont resident, he was also Trump's campaign chairman for the state of Vermont.

But Jaffe's reporting sparked new interest in the story; on Saturday night, anyone in the audience of Sanders's Pittsburgh speech who checked Twitter saw that the largest trending "Moment" was about the Burlington College probe.

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Weaver said Jane Sanders was working honestly to improve the outlook for Burlington College. The bill Republicans announced today is even worse than expected and by far the most harmful piece of legislation I have seen in my lifetime.

In 2010, Jane Sanders, then-President of Burlington College and wife of United States Senator Bernard Sanders, orchestrated the college's purchase of the Diocese's headquarters property for $10 million dollars.

Good news, politics fans-if you loved Benghazi, or if you loved Whitewater, or, hell, if you loved the Birther movement, you are going to go nuts for Burlington College-gate.

In January 2016, Toensing filed a complaint with the Vermont office of the USA attorney and the Federal Deposit Insurance Corp. Jaffe, or some editor, made a decision to title his article "Jane Sanders Lawyers Up", as though hiring a lawyer is an implication of guilt.

Last week, Bernie Sanders called the probe "nonsense" in an interview with WCAX-TV and suggested it was politically motivated.

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