Shocking corruption involving a member of President Biden’s own family is revealed via explosive testimony. They are accused by a reliable source of embezzling an astounding $600,000 from her business, much of which went to the president in the end.
Americore, the hospital operator that is currently bankrupt, has a trustee named Carol Fox. She told a shocked Capitol Hill committee about her interactions with James Biden, the president’s younger brother, who assured her that he would use his family name to “open doors” and create “political connections” that would help the struggling company get new business.
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James Biden was given a $600,000 loan in exchange for his commitment to set up meetings between business leaders and Middle Eastern investors, according to Fox and a lawsuit earlier brought by Americore. According to Fox, such meetings never happened, and the Biden brothers’ claims in court documents “representations that his last name, ‘Biden,’ could ‘open doors’ and that he could obtain a large investment from the Middle East based on his political connections.”
The $600,000 that was awarded to James Biden in the lawsuit was sought after. Fox did acknowledge, though, that she did not have any loan documents in the business files.
Simple and succinct: James Biden and his spouse Sara were given a $200,000 payout on March 1st, 2018. Subsequently, they made a “loan repayment” transfer of the same amount to President Biden’s bank account.
“Some immediate questions President Biden must answer for the American people: Does he have documents proving he lent such a large sum of money to his brother and what were the terms of such financial arrangement?” announced in October James Comer, the chairman of the House Oversight Committee. “Did he have similar financial arrangements with other family members that led them to make similar large payments to him?”
Even if the amount of $200,000 was a “a personal loan repayment, it’s still troubling that Joe Biden’s ability to be paid back by his brother depended on the success of his family’s shady financial dealings,” Comer added.
An source at Fox News claims that the business was unaware that President Biden would receive a portion of its earnings. The source added that the plaintiff in the case expressed satisfaction with the $350,000 settlement.
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House Republicans have subpoenaed James Biden and asked him to provide an explanation for a $40,000 “loan repayment” that he and his business colleagues Hunter Biden and others paid to the president. While representing a business associated with the Chinese communist government, this money was earned. Similar subpoenas were served to Hunter Biden as well, but he illegally disobeyed them by criticizing Republican congressman for disseminating graphic images and harming his reputation during a news conference. Furthermore, it was recently revealed that President Biden’s daughter owed thousands of dollars in overdue taxes, highlighting the family’s financial struggles and readiness to take use of their government positions for personal gain.
