When it comes to his family, it would appear that former Vice President Joe Biden is surrounded with controversy.
In addition to the reports of his son, Hunter Biden, being paid as much as $80,000 a month to sit on the board of a Ukrainian natural gas company as his father headed up the U.S. effort in that country, the 2020 presidential candidate’s brother is also in the news.
A mysterious FBI raid. New allegations from former executives. Questions are swirling about the business dealings of Joe Biden’s brother. https://t.co/T0LH0Q87Jn
— POLITICO (@politico) March 9, 2020
The FBI raided an Americore Health hospital linked to Biden’s brother, James Biden, in late January, Politico reported. Boxes of documents were seized in the raid and the brother faces allegations he engaged in fraud and traded on Joe Biden’s name.
James Biden embarked on a health care investing foray in 2017 and 2018, according to Politico, telling Americore and other potential partners his last name could open doors and that his older brother was excited about the public policy implications of their business models.
But it was “all smoke and mirrors,” according to a former Americore Health official.
More from Politico:
Tom Pritchard, a former Americore executive familiar with the business’ finances, told POLITICO that James Biden’s arrival exacerbated Americore’s financial problems. Holding out the promise of a large investment from the Middle East based on his political connections, James Biden introduced Americore’s founder to his older brother and helped land a bridge loan to Americore from a hedge fund, Pritchard said. But then, Pritchard said, James Biden received a six-figure personal loan out of Americore’s coffers while encouraging the firm to take on greater financial liabilities. The cash infusion from the Middle East never arrived, and, Pritchard says, James Biden has not paid back the loan, the terms of which are unknown.
The six figure loan reportedly being more than a half million dollars.
The article did note that James Biden has not been accused of criminal wrongdoing and that the purpose of the Jan. 30 raid was unclear. It also stated that the Americore owner has faced legal problems and claims of mismanagement unrelated to Biden.
The company is now in bankruptcy court.
In what sounds eerily familiar to Joe Biden’s response to his son being paid millions of dollars by Burisma Holdings, his campaign said he has never discussed Americore with his brother or expressed support for the business.
Fittingly, it was reported that James Biden was sometimes a business partner with his nephew, Hunter.
Politico also reported that James Biden was sued last year by two medical services firms alleging that he cited his family’s political connections and promised that the former vice president would promote their health care model as part of his 2020 presidential campaign.
If you expect news of this nature to prompt the hair-on-fire media to camp out on Biden’s doorstep demanding answers, as Turning Point USA’s Charlie Kirk said in a tweet, you’d be sorely mistaken.
BREAKING:
The FBI has raided a healthcare business linked to Joe Biden’s brother, James
Court proceedings claim to have evidence that Biden has “fraudulently transferred funds” to himself
Will the media camp outside of Biden HQ and demand answers?
RT so they can’t ignore!
— Charlie Kirk (@charliekirk11) March 9, 2020
Here’s a quick sampling of other responses from Twitter:
BREAKING:
Joe Biden’s brother, James is facing new fraud allegations.
James allegedly engaged in fraud and traded on Joe Biden’s name,
claiming that Joe was interested in a venture and that their family name could provide opportunity.
RT if you’re sick of this corruption!
— Ryan Fournier (@RyanAFournier) March 9, 2020
Sick of the corruption & the Biden’s
— Alan Godich (@landry1ja) March 9, 2020
But let me guess: investigating it will get Trump impeached.
— All Hearing Ear ? (@1AllHearingEar) March 9, 2020
Business as usual for the Biden Family Enterprise.
— Steve Osborne (@SteveOsborneUS) March 9, 2020
Lock up the whole damn family
— Wake Up America (@WakeUpA86211744) March 9, 2020
Is there anyone with the last name Biden that earns an honest days pay ?
— Mrs.Batch❤️ (@kimlovesdisney1) March 9, 2020
Nothing to see here… just your Standard Systemic Corrupt American Capitalist Political Nepotism. https://t.co/GBPKN16SXI
— The Nicole Bynx ??? (@nikkibynx) March 9, 2020
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Tom@bizpacreview.com
The longest-tenured writer at BizPac Review, Tom grew up in Maryland before moving to Central Florida as a young teen. It is in the Sunshine State that he honed both his passion for politics and his writing skills.
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