Joe Biden’s brother is trapped in an FBI attack on bankrupt healthcare companies to which he is linked, amid claims he has promised to make a huge investment in the Middle East
- A healthcare company associated with Joe Biden’s brother James Biden was attacked by the Federal Bureau of Investigation in January
- Now a former Politico director has told that James Biden has exacerbated the now bankrupt financial woes of the Americans
- He promised to bring things in from the Middle East and to milk his political ties, but those things never came
- In addition, James Biden took a six-figure loan from Americore – and did not repay it, Politico said
- There are no indications that the FBI attack had anything to do with James Biden
- But his business transactions further contribute to the story that the 2020 family has hopefully used the Biden name to make money
A health care company associated with James Biden, the younger brother of 2020 hopeful Joe Biden, was attacked by the Federal Bureau of Investigation in January.
And now a former director told Politico that the younger Biden exacerbated the financial woes of Americore by acting in the name of the former vice-president and taking out a personal six-figure loan from the company’s cash.
Tom Pritchard, a former director of Americore, told Politico that James Biden introduced the founder of Americore to his older brother Joe and helped the healthcare company get a bridging loan from a hedge fund.
James Biden was accused by a director of a health care company he worked for because he acted on his last name and indicated a six-figure loan from the company that he did not repay
James Biden (left) seen with Jill Biden (center left), former vice president Dick Cheney (center right) and Joe Biden (right), the former vice president and the current 2020 hopeful in January 2008. James Biden was involved in a company whose offices were raided by the FBI in January
But at the same time, James Biden, took the personal loan and suggested that the company take on greater financial obligations.
According to Pritchard, the personal loan was never repaid.
James Biden had promised Americans executives that thanks to his political connections he could secure a major investment from the Middle East.
But the money never came, Pritchard said.
“It was all smoke and mirrors, “Pritchard told Politico.
Americore is currently in bankruptcy court.
In addition, two small medical companies that did business with James Biden in civil court have claimed that they have evidence that he may have transferred fraudulent money from Americore “out of the ordinary,” Politico reported.
There is no evidence that the FBI raid, which took place in January at a hospital in Ellwood City, Pennsylvania, has anything to do with James Biden.
There were maladministration problems behind America.
But the Politico report adds more gas to the story that Joe Biden’s family members tried to enrich themselves with the name Biden.
President Trump’s accusation revolved around a plot to have Ukrainian President Volodymyr Zelensky announce an investigation into Joe and Hunter Biden, since Hunter Biden had been on the board of the Ukrainian oil company Burisma.
The president was accused of holding around $ 400 million in military aid to Ukraine to exercise his will.
Trump has maintained that Hunter Biden had no business on the Burisma board and only money was paid because of his family name.
Senate republicans also continue to investigate Hunter Biden.
James Biden’s lawyer did not comment on Politico.
The Joe Biden campaign responded by telling the news organization that Joe and James had never talked about Americore and that the former vice president had never expressed support for his brother’s affairs.
The founder of Americore, Grant White, attended fundraising for the Beau Biden Foundation in September 2017, in which Joe Biden participated, announced the campaign, but said the interactions between the two men were limited.
“If the two were to interact in any way, it would have been a handshake and nothing more,” the Biden campaign officer told Politico.