[FOX] Burlington ‐ The federal probe into a 2010 land deal orchestrated by former Burlington College president Jane Sanders, wife of U.S. Sen. Bernie Sanders, I-Vt., is ongoing, a news report suggests.Sanders was forced out as president of Burlington College the following year, but she has vehemently denied any impropriety in how she conducted the $10 million purchase of a 33-acre lakefront property.
The college borrowed heavily to finance the transaction, which relied on pledged donations and projections of increased enrollment. Several donors have said their pledges were overstated or misrepresented in the loan agreement, and the school was never able to increase its student count as expected.
Burlington College closed in May 2016 with its leadership citing debt from the land deal as the proximate cause.
Fox News reported early Friday that former Burlington College Board Chair Yves Bradley says the federal investigation is ongoing. "He said he was visited by FBI agents in the last six weeks and was questioned about Sanders’ involvement in the alleged bank fraud," according to the report.
Bradley did not return multiple phone calls and messages from VTDigger Friday morning seeking comment. The real estate agent had previously said his only contact with the FBI or the U.S. Attorney for Vermont came through an attorney for the now defunct college and that he had not personally been interviewed in the probe.