FBI is actively investigating Jane for committing fraud during the time that she served as the president of Burlington College between 2004 and 2011.
At the center of the investigation is a $10 million loan that Jane secured from People’s United Bank in 2010 in order to purchase 33 acres of land for the school. When applying for the loan, FBI investigators allege that Sanders distorted donor levels to make it appear the school was in a better financial position than it really was.
Burlington College closed its doors for good last year after going bankrupt.
Investigators are also looking into whether or not Bernie Sanders used his clout as a U.S. congressman to help his wife obtain her loan for the school.