Grand jury seeks testimony about Bernie Sanders' wife $10M college loan: report
Bernie Sanders
A federal grand jury looking into  a soured $10 million real estate deal that involved the wife of Sen. Bernie Sanders  sought information on statements made to secure the loan  according to a witness and former trustee at the college where  Jane Sanders  served as president.
Robin Lloyd  who served on the board at Burlington College  confirmed that a grand jury was looking into the case as recently as October. She said the panel was interested in what  Sanders  may have told trustees and lenders in order to secure the 2010 loan  for a 33-acre campus along Lake Champlain.
"Theyâre trying to pull together where did the money come from to enable Burlington College to convince (Peopleâs United Bank) and the diocese to go ahead with  the deal .â - Robin Lloyd  former Burlington College trustee
âTheyâre trying to pull together where did the money come from to enable Burlington College to convince (Peopleâs United Bank) and the diocese to go ahead with  the deal  â Lloyd told the Burlington Free Press.
 Sanders  reportedly told college trustees and bank lenders that the college had millions of dollars in donations that could be used to repay the loan. The land was purchased from the Roman Catholic Diocese of Burlington.
At the time   Sanders  sought a $6.5 million loan from Peopleâs United Bank to buy tax-exempt bonds issued by a state agency  and a $3.65 million second mortgage from the Roman Catholic Dioceses of Burlington.
In order to secure the money   Sanders  reportedly submitted a spreadsheet asserting that the school had $2.4 million in confirmed pledges  grants  and other funds to repay the debt.
A spokesperson for the Sanders family  Jeff Weaver  said they had âabsolutely no reason to believe that there is a grand jury empaneled to examine Burlington College  Dr. Jane Sanders  or any aspect of  Dr. Sanders â service as president of Burlington College.
A federal grand jury looking into  a soured $10 million real estate deal that involved the wife of Sen.  [TGT]   sought information on statements made to secure the loan  according to a witness and former trustee at the college where  Jane Sanders  served as president.
Robin Lloyd  who served on the board at Burlington College  confirmed that a grand jury was looking into the case as recently as October. She said the panel was interested in what  Sanders  may have told trustees and lenders in order to secure the 2010 loan  for a 33-acre campus along Lake Champlain.
"Theyâre trying to pull together where did the money come from to enable Burlington College to convince (Peopleâs United Bank) and the diocese to go ahead with  the deal .â - Robin Lloyd  former Burlington College trustee
âTheyâre trying to pull together where did the money come from to enable Burlington College to convince (Peopleâs United Bank) and the diocese to go ahead with  the deal  â Lloyd told the Burlington Free Press.
 Sanders  reportedly told college trustees and bank lenders that the college had millions of dollars in donations that could be used to repay the loan. The land was purchased from the Roman Catholic Diocese of Burlington.
At the time   Sanders  sought a $6.5 million loan from Peopleâs United Bank to buy tax-exempt bonds issued by a state agency  and a $3.65 million second mortgage from the Roman Catholic Dioceses of Burlington.
In order to secure the money   Sanders  reportedly submitted a spreadsheet asserting that the school had $2.4 million in confirmed pledges  grants  and other funds to repay the debt.
A spokesperson for the Sanders family  Jeff Weaver  said they had âabsolutely no reason to believe that there is a grand jury empaneled to examine Burlington College  Dr. Jane Sanders  or any aspect of  Dr. Sanders â service as president of Burlington College.