The former chair of the college’s board said he didn’t know why the bank sought the order: “There’s no more board, there’s no more Burlington College. At this point People’s United is Burlington College.”
Real estate mogul Tony Pomerleau rescued the Burlington College deal with last-minute cash. He also told Jane Sanders to sell part of the land, a plan she was never able to execute.
The head of the Lintilhac Foundation says her foundation’s $120,000 donation was based on the assumption that some of the college’s 33 acres of lakefront property would be sold.
Sanders declared that an examination of public records would show she had the college in “the best” financial shape it had been. But documents show otherwise.
I won’t dwell on the details of Burlington College except to say that the entire fault lies with the board.
The VTDigger reporter told host John Harwood about the origin of the federal probe into the land deal Jane Sanders made as president of Burlington College.
The subpoena issued to a Vermont finance agency demands records related to the purchase that Jane Sanders spearheaded, including “any and all fundraising efforts, pledges, donations.”
The senator and his family have emulated the Trumps in so many ways that it has to be disheartening to his legion of followers.
Rep. Don Turner said the allegations arose from a conversation he had with three bankers at a Montpelier restaurant around the time the school closed.
The senator called it an “absolute lie” that he improperly helped secure a loan for Burlington College while his wife was president there. He was asked about the claim on CNN and MSNBC.
This week’s podcast features two stories about Jane Sanders’ leadership at Burlington College: a land deal that has sparked a federal investigation, and an arrangement with her daughter’s woodworking school.
A probe of his wife’s role at Burlington College and a fight with religious folks might be signs of trouble for Sanders.
Former school officials say they have been contacted by attorneys representing Jane Sanders, who as college president orchestrated the land deal that was blamed for sinking the school.
As Burlington College president, Jane Sanders forged a financial arrangement with an off-site school run by her daughter. Was it, as a critic says, a “sweetheart deal” or an effective program?