Lawyer behind Sanders allegations has history of complaints
Source: AP
July 10, 2017
MONTPELIER, Vt. (AP) A Republican lawyer pushing the allegations that Sen. Bernie Sanders wife committed bank fraud to win a loan while president of a now-defunct Vermont college has a long history of filing complaints against left-of-center politicians in the state.
All of his efforts have been focused on Democrats or members of the states Progressive Party. There arent many targets on the Republican side here in Vermont, Toensing said of the liberal state.
Conor Casey, executive director of the Vermont Democratic Party, said Toensing has a history of filing frivolous complaints. He called the complaints against Jane Sanders a political witch hunt.
Read more: https://apnews.com/8a39321ad12a4e6fb7039eb15bcf3e87/Lawyer-behind-Sanders'-allegations-has-history-of-complaints
This republiCon lawyer is a trump supporter, the article says.
Bernie says this is an attack lawsuit. It sure looks that way.
Gothmog
(145,496 posts)It does not matter how the investigation started. A federally insured financial institution made a loan based on what appears to be false statements. That financial institution has suffered a loss that loss would have to be absorbed by tax payers if the loss is big enough. The property of the college is being foreclosed on as we speak.
It does not matter how the investigation started. If a federally insured financial institution suffers a loss due to false statements, then FBI will investigate.
Equinox Moon
(6,344 posts)Do you have a link to an article that says an FBI investigation is going on?
I did find this in the article:
The office of Vermonts U.S. attorney wont confirm whether the matter is being investigated, but former college officials say they have been questioned by federal agents
George II
(67,782 posts)...that an investigation is going on.
And both CBS and CNBC have reported that the FBI is conducting an investigation.
Gothmog
(145,496 posts)This is on the front page of the Washington Post internet feed https://www.washingtonpost.com/investigations/federal-prosecutors-step-up-probe-of-land-deal-pushed-by-wife-of-bernie-sanders/2017/07/10/e3fc3e72-625a-11e7-8adc-fea80e32bf47_story.html?utm_term=.dde763ae2b24
A half-dozen people said in interviews in recent days that they had been contacted by the FBI or federal prosecutors, and former college trustees told The Washington Post that lawyers representing Jane Sanders had interviewed them to learn what potential witnesses might tell the government.
The investigation centers on the 2010 land purchase that relocated Burlington College to a new campus on more than 32 acres along Lake Champlain. While lining up a $6.7 million loan and additional financing, Sanders told college trustees and lenders that the college had commitments for millions of dollars in donations that could be used to repay the loan, according to former trustees and state officials.
Trustees said they later discovered that many of the donors had not agreed to the amounts or timing of the donations listed on documents Jane Sanders provided to a state bonding agency and a bank. That led to her resignation in 2011 amid complaints from some trustees that she had provided inaccurate information, former college officials said.
The land deal, the officials said, became a financial albatross for the 160-student school, contributing to its closure last year.
VermontKevin
(1,473 posts)Gothmog
(145,496 posts)A seated grand jury is never good news
VermontKevin
(1,473 posts)Grand juries are burdensome and expensive.
Another thing of note from the article Gothmog posted is that 3 witnesses have reported being called by Sander's attorneys.
NYResister
(164 posts)The college claimed that this donor had promised to bequeath a large sum of money, yet the donor claims she did no such thing.
Gothmog
(145,496 posts)The college in its loan application stated that the donation was due any day and when that donation did not come in, the loan went into default. The fact that the loan went into default shortly after being made is a sign of fraud
NYResister
(164 posts)That the loan was approved due to the listing of her "donation". The donor clearly felt betrayed.
Gothmog
(145,496 posts)NYResister
(164 posts)That's what I was thinking. It just seemed so wrong.
George II
(67,782 posts)One other thing in the article:
While the Obama administration was in office, I dont think anyone thought that these baseless allegations warranted hiring a lawyer, Weaver said. But with Trump and [Attorney General] Jeff Sessions at the helm, thats a very different situation.
I guess Weaver forgot that the investigation began about a year before Obama left office?
Gothmog
(145,496 posts)If the donor had died during the first year of the loan, then the fraud would not have been so easy to detect. The fact that the loan went into default so soon after being made is not a good fact here
Response to Gothmog (Reply #1)
Post removed
Gothmog
(145,496 posts)There is a grand jury in place hearing testimony in the real world
A federally insured financial institution made a $10 million loan based on really false statements. These statements used to get the loan were so bad that the loan went bad and now the property in in foreclosure. When someone lies to a federally insured financial institution and that institution loses money, there will be an investigation. Here the loan went in default shortly after being made which is strong evidence of fraud
George II
(67,782 posts)Gothmog
(145,496 posts)shenmue
(38,506 posts)George II
(67,782 posts)...with Vermonts United States Attorney and the acting inspector general of the Federal Deposit Insurance Corp.
The complaint was subsequently referred to the FBI, which is now conducting an investigation.
onit2day
(1,201 posts)Else this so called investigation would not even be taking place. Trying so hard to find anything...anything to dull American's progressive leader's input. A man of the people and not Mara-log o. It's so petty. So glad you brought it to DU. Now we see Mothog take flight
George II
(67,782 posts)....I doubt we'll be seeing "Mothog" (you mean Gothmog?), a 13-year member at DU, take flight. Why do you say that?
Gothmog
(145,496 posts)I am having fun on the live tweet of the Texas redistricting case but I am still active https://www.democraticunderground.com/?com=view_post&forum=1014&pid=1817167
VermontKevin
(1,473 posts)All-In
(312 posts)Corporations can profit more!
Gothmog
(145,496 posts)Making false statements to a federally insured financial institution in connection with a loan application is a federal crime. The reason for this is that the taxpayers are on the hook if the federally insured financial institution fails. According to today's Washington Post article, there is a real investigation being conducted here https://www.washingtonpost.com/investigations/federal-prosecutors-step-up-probe-of-land-deal-pushed-by-wife-of-bernie-sanders/2017/07/10/e3fc3e72-625a-11e7-8adc-fea80e32bf47_story.html?utm_term=.dde763ae2b24
All-In
(312 posts)And they were all prosecuted?
Gothmog
(145,496 posts)This was a material loan with a material lost to a federally insured financial institution. Read the Washington Post article https://www.washingtonpost.com/investigations/federal-prosecutors-step-up-probe-of-land-deal-pushed-by-wife-of-bernie-sanders/2017/07/10/e3fc3e72-625a-11e7-8adc-fea80e32bf47_story.html?utm_term=.dde763ae2b24
George II
(67,782 posts)Gothmog
(145,496 posts)It is doubtful that the proceeds from the foreclosure sale will cover this loan
VermontKevin
(1,473 posts)All-In
(312 posts)By republican scum
Because her name is Sanders.
Fight the good fight and this what you can expect.
Corporate scum attacks
George II
(67,782 posts)Response to Equinox Moon (Original post)
Post removed
VermontKevin
(1,473 posts)are writing about the FBI.
Wait, my bad. Apparently a grand jury has been seated, as of April.
George II
(67,782 posts)Voltaire2
(13,124 posts)by media outlets.
George II
(67,782 posts)Voltaire2
(13,124 posts)George II
(67,782 posts)You should read the Washington Post article about this "bullshit".
NastyRiffraff
(12,448 posts)It's a FACT that a grand jury has been convened. You may not like that FACT, but it's still true. Or is it not supposed to be reported?
Starry Messenger
(32,342 posts)filed a complaint. This story has been out there a long time, and when any of us mentioned it could be a problem up the road, we were told we were the assholes.
Nearly all of the GOP claims about left-wing malfeasance are vapor-ware, unless you really believe all the shit they've peddled about the Clintons for years. Being prepared for the shit and having done oppo on your own side is the responsible response, not accusing everyone else of being out to get you.
This is going to take more than Weaver's dazzle camouflage to winkle out of. I guess we know why he stepped down from OR now though.