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This is pertinent within the framework of a “$200,000 direct payment from James and Sara Biden to Joe Biden in the form of a personal check,” published in October by James Comer, the chairman of the House Oversight Committee (R-KY).
“In 2018, James Biden received $600,000 in loans from, Americore—a financially distressed and failing rural hospital operator,” press release stated. “According to bankruptcy court documents, James Biden received these loans ‘based upon 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’.”
“On March 1, 2018, Americore wired a $200,000 loan into James and Sara Biden’s personal bank account – not their business bank account,” the statement added. “On the same day, James Biden wrote a $200,000 check from this same personal bank account to Joe Biden.”
The Associated Press reports that James Biden’s attorney has provided a dubious explanation for his client’s use of his brother Joe Biden’s name in commercial transactions.
“A lawyer for James Biden said at the time that there was no justification for the subpoena because the committee had already reviewed private bank records and transactions between the two brothers,” the AP reported. “The committee found records of two loans that were made when Joe Biden was not in office or a candidate for president.”
“There is nothing more to those transactions, and there is nothing wrong with them,” attorney Paul Fishman stated in a November statement. “And Jim Biden has never involved his brother in his business dealings.”
It appears today that this claim is false. Republicans are using the federal lawsuit filed against Americore as more evidence that Biden’s family engaged in “influence peddling” in their commercial transactions, particularly with foreign companies.
According to Politico’s story, James Biden courted Middle Eastern investors by making frequent references to his brother, who was a former senator and vice president at the time.
According to one former Americore executive and another, Jim Biden mentioned intentions to place his brother on the board and grant him shares in the company. According to a third former executive who spoke to POLITICO, he also stated that his brother may support Americore in a future presidential campaign if the company could develop a successful business plan for rural health care. Everyone was allowed to speak anonymously on a business embroiled in political and legal disputes.
According to the emails and executives, Jim Biden pledged to obtain funding from Middle Eastern investors in order to finance Americore’s development. The fact that the anticipated funds did not show up made Americore’s already dire financial situation worse. Patients were neglected and unpaid invoices remained after the firm failed.
The Biden family’s use of Joe Biden’s political connections for personal gain has serious financial repercussions. Americore’s misconduct devastated families that relied on the now-defunct healthcare provider for the treatment of their loved ones in addition to enriching Biden family members.
The corruption of the Biden family affects many Americans personally as well as being a grave national security risk due to their immoral and maybe unlawful behavior.
