Jane Sanders headed Burlington College. She orchestrated - the move to borrow heavily Posted: Jan 8th, 2018 - 11:13 am In Reply to: Grand jury takes sworn testimony in Burlington College case - VTDigger.org
to finance the purchase of 33 acres of lakefront property from the Roman Catholic Diocese of Burlington.
The deal relied on pledged donations and projections of increased enrollment.
In 2015, VTDigger media reported that Jane Sanders overstated pledged donations in the loan document. (IOW she lied to the bank.)
Two donors listed in the document told VTDigger at that time that their listed pledges were greater than what their personal financial records showed they gave.
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