Bernie and Jane Sanders are officially under investigation by the FBI for Bank Fraud, sources say.
The Senator from Vermont has already hired several prominent defense attorneys, to deal with the new FBI investigation into a loan Jane Sanders took out to expand Burlington College while she was its President, CBS News confirms.
One of Bernie Sanders’ top advisers Jeff Weaver told CBS News, “The couple has sought legal protection over federal agents' allegations from a January 2016 complaint accusing then-President of Burlington College, Ms. Sanders, of distorting donor levels in a 2010 loan application for $10 million from People's United Bank to purchase 33 acres of land for the institution.”
Politico has stated that the FBI and prosecutors are looking into the allegations that Bernie Sanders’ office used its very own political power to illegally pressure the bank into approving the loan.
It's now reported that Burlington attorney and Sanders supporter Rich Cassidy was hired to represent Senator Sanders. Another high-profile Washington defense attorney Larry Robbins, who counseled Libby "Scooter" Robbins, former Chief of Staff for the Vice President, is representing Jane Sanders.
Ms. Sanders' hard desire to push the liberal arts school’s expensive land acquisition was cited in a press release by the college when it shut down in 2016.
Brady Toensing of Burlington, who is responsible for the claims filed by the U.S. attorney for Vermont, was a chairman for the Trump campaign in his state.
"I filed a request for an investigation in January 2016 and an investigation appears to have been started right away," he said in an email to CBS News. "It was started under President Obama, his Attorney General, and his U.S. Attorney, all of whom are Democrats."
"My only hope is for a fair, impartial, and thorough investigation," Toensing added.
Weaver reportedly told CBS News that Toensing's allegations that Senator Sanders used his influence to push for approval of the loan are a "political charge" that is "baseless" and "false."
In regards to the allegations that Ms. Sanders may have manipulated the loan application, Weaver said, "The loan was approved by the financial board at the college."
Senator Sanders is formerly the mayor of Burlington, Vermont's largest city, and capital.
Sanders claims that these allegations are a political game to be used against him after his run for President in the 2016 primary election.