UncleBuck
Well-Known Member
http://mfi-miami.com/2016/04/bernie-sanders-commit-bank-fraud/
bernie sanders' wife commits bank fraud, bankrupts college, leaves with $200,000 golden parachute
The bond purchase agreement, loan agreement, and tax certificate and agreement note that Sanders signed all three documents stating that the college would receive $2.27 million or in fundraising commitments, collections and grants during the loan period. The wife of Bernie Sanders signed all three documents.
Soon after deal was finalized, it became clear that Sanders’ fundraising claims had been exaggerated. In fiscal year 2011, Burlington College who had stated to both People’s United Bank and VEHBFA it had confirmed pledges of $1.2 million, had in reality only raised $279,000.
In 2011, it became clear Burlington College was not going to be able to live up to financial commitments and stopped making payments on the second mortgage to the Diocese of Burlington causing the Diocese to begin imposing heavy penalties claiming Burlington College had defaulted on the loan. The Diocese eventually took a financial hit of between $1.6 million and $2 million in principal and interest on the loan.
As Sanders’ house of cards began to collapse, she left Burlington College with a $200,000 golden parachute.
bernie sanders' wife commits bank fraud, bankrupts college, leaves with $200,000 golden parachute
The bond purchase agreement, loan agreement, and tax certificate and agreement note that Sanders signed all three documents stating that the college would receive $2.27 million or in fundraising commitments, collections and grants during the loan period. The wife of Bernie Sanders signed all three documents.
Soon after deal was finalized, it became clear that Sanders’ fundraising claims had been exaggerated. In fiscal year 2011, Burlington College who had stated to both People’s United Bank and VEHBFA it had confirmed pledges of $1.2 million, had in reality only raised $279,000.
In 2011, it became clear Burlington College was not going to be able to live up to financial commitments and stopped making payments on the second mortgage to the Diocese of Burlington causing the Diocese to begin imposing heavy penalties claiming Burlington College had defaulted on the loan. The Diocese eventually took a financial hit of between $1.6 million and $2 million in principal and interest on the loan.
As Sanders’ house of cards began to collapse, she left Burlington College with a $200,000 golden parachute.
