Jane Sanders was the president of tiny Burlington College in Burlington, Vermont for seven years, from 2004 until 2011. During her tenure, Sanders masterminded an ambitious expansion plan that would have more than doubled the size of the school. To do so, she had the college take on $10 million in debt to finance the purchase of a new, far more expansive campus. The move backfired massively, leading to Sanders departure from the college and the near-collapse of the institution.
According to Jonna Spilbor, an attorney who reviewed the documents for TheDCNF, the college APPEARS to have committed a pretty sophisticated crime by exaggerating donor commitments in order to secure financing for the deal.
Doh! Guess I kinda left out “a few” details. Sorry. :>} Then again, I’m pretty certain that bernie in no way profited from her little venture.