It is very ironic that after all of the hype of FBI investigations in Trump that were never true, and all of the media hype about these never real FBI investigations, that the favored candidate by many of these news sources, Bernie Sanders (and his wife) are under investigation for fraud now.
Burlington College, a small Vermont private school once led by the wife of Democratic presidential candidate Bernie Sanders, said Monday it will close later this month, citing “the crushing weight” of debt incurred during the presidency of Jane Sanders who was in charge of the college until 2011.
The reason for the small liberal school’s terminal financial trouble is that to fund the property purchase from the Catholic diocese, Sanders took out $10 million in loans. As HeatStreet reported last year, the college almost immediately fell short on its financial obligations as fundraising pledges and commitments Ms. Sanders cited in the loan agreements never materialized. Less than a year after leading Burlington College into massive debt, Ms. Sanders resigned, taking with her a $200,000 severance package.
Jane Sanders hired two high-priced attorneys last week from Washington to represent her in the case now that Jane Sanders is under investigation from the FBI.
Take note, that last year Bernie Sanders and Jane Sanders bought a $575,000 property (a third home for the couple) on Lake Champlain.
This has been explained away by book deals, and family inheritances, among other things.
What is troubling to me, is that Bernie constantly rails against the rich and the dreaded “one percent”, yet with his book deal, and Senate salary, Bernie makes well over the $389,436 annual to be in the top one percent of income earners.
Also despite that Bernie Sanders makes over $80 per hour (based on a 40 hour work week and his Senate Salary) on the tax pay dime. Bernie consistently votes for an increase to the congressional pay when it comes up for a vote. (Reference: Legislative Branch Appropriations Act; Bill HR2918&S1294 ; vote number 2009-S217 on Jul 6, 2009)
So how can Bernie be credible when condemning people who are greedy? Bernie continues to accumulate wealth, and in my opinion (even without a conviction on the fraud case with the Burlington college issue) illegitimately.
If Bernie is pulling in over a million a year, he doesn’t need a congressional pay raise on my tax dollar!
For a socialist, it seems capitalism is Bernie’s best friend. He makes millions via capitalism, selling socialism to entitled millennials.
References to these reports are as follows;