- Federal investigators are examining Jim Biden’s financial transactions as part of an ongoing investigation.
- Investigations involve Americore, a hospital chain that paid Jim Biden to obtain funding sources before collapsing
- Republicans continue to investigate Jim Biden and loan payments he made to his brother Joe Biden
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Federal investigators are examining financial transactions made by President Joe Biden’s brother, Jim Biden, as part of an ongoing criminal investigation, according to a new report.
Federal investigators in South Florida and Justice Department officials investigating Medicare fraud in Pennsylvania recently investigated transactions linked to Jim Biden, according to Politico. report published Tuesday, citing three sources familiar with the ongoing investigations.
The investigations involve Americore, a hospital chain that paid Jim Biden to help secure foreign investment for the troubled company before it collapsed.
A lawsuit filed in 2022 alleges that Jim Biden received improper payments from investors in the Third Friday Total Return Fund, which allegedly diverted $600,000 of embezzled funds to pay Jim Biden.
James Biden, brother of President Joe Biden, leaves a private interview with House Republicans
US President Joe Biden claims he never discussed business with his family
Jim Biden sent $200,000 of the money to his brother Joe Biden, which he said was part of a private loan payment.
The questionable loans also contain a link to Biden’s son, Hunter Biden, as an attorney who worked for Hunter represented the lender in some of the questionable transactions.
In Pennsylvania, prosecutors accuse Americore of fraud after receiving tens of millions of dollars in allegedly improper Medicare reimbursements.
Federal investigators declined to comment on the ongoing investigation, with Biden’s attorney, Paul Fishman, stating that “Jim Biden is not under investigation by federal authorities in Florida or Pennsylvania.”
James Biden, brother of US President Joe Biden, appeared to testify before the House Oversight Committee.
Jim Biden’s role with Americore and financial payments to the Biden family have been the subject of ongoing congressional investigations, as the president’s brother was summoned to Capitol Hill to testify in February.
In February, Jim Biden testified that he believed his former business partner Michael Lewitt forgave $225,000 in loans to his company.
But Lewis said Politico did not forgive the loans, but they were assumed by an anonymous third party in early 2020.
Ongoing investigations into financial transactions linked to Jim Biden raise questions about who was funding the Biden family when he was running for president.