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"Seemingly his entire life, Joe Biden’s brother James “Jim” Biden has benefitted from his brother’s political status. At various moments, he has been a campaign finance maven, a nightclub owner, and a hedge fund mastermind. Jim appears to be a man who wears many hats; but in actuality, he only wears one: Joe Biden’s brother."
New York Times best-selling book, "Breaking Biden."
Now, the ice cream is melting as the heat is turned up.
Last week, House Oversight Committee Chair Rep. James Comer (R-KY) revealed that in 2018, James Biden sent the now-president Joe Biden a $200,000 payment. The same day, James received a $200,000 wire transfer from Americore.
Brother Joe has repeatedly said---at least nine times---he is not involved in any of his family's business.
Be informed, not misled.
The list of "business ventures" by the Biden family is long and conflicted---Hunter, James, and Hazel---all experts in most fields, have been making deals and lots of money for a long time.
Brother Joe says he has never been involved in the family businesses, nor does he know much about what they are doing.
The check
One place where James clearly leveraged his proximity to power for money was with Americore Health. Near the end of the Obama administration, James Biden joined Americore, which operated hospitals in several states.
James Biden’s experience in healthcare seems to be nonexistent (are you surprised?), but his value was still clear. Promoting himself as his brother Joe’s chief fundraiser, James Biden promised he could open doors and raise money from companies across the world, including a major Turkish conglomerate.
But the promised investments never materialized. In December 2019, Americore declared bankruptcy. Weeks later, the FBI raided an Americore office in Pennsylvania as part of an investigation into “white collar crimes.”
Politico reported in 2020 that Americore has been plagued with legal troubles due to mismanagement. Investors and partners in the company have sued over management, alleging false promises and the misappropriation of money. Most notably, James Biden is accused of fraudulently transferring funds from Americore “outside of the ordinary course of business.” In 2018, James took over a half-million dollars in personal loans from the company, according to a former executive, which may or may not have ever been repaid.
Last Friday.
In 2018, James Biden received $600,000 in loans from, Americore—a financially distressed and failing rural hospital operator. 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. On the same day, James Biden wrote a $200,000 check from this same personal bank account to Joe Biden.
Chairman Comer made the following comments in the new report:
Well, we found some.
We’re still digging into evidence subpoenaed from bank accounts belonging to Hunter Biden, the son of President Joe Biden, and James and Sara Biden – the brother and sister-in-law of the President.
A document that we’re releasing today raises new questions about how President Biden personally benefited from his family’s shady influence peddling of his name and their access to him.
Bank records obtained by the House Committee on Oversight and Accountability have revealed a $200,000 direct payment from James and Sara Biden to Joe Biden in the form of a personal check.
Here is some important context about this check we’ve obtained in our investigation:
In 2018, James Biden received $600,000 in loans from, Americore—a financially distressed and failing rural hospital operator.
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.
And then on the very same day, James Biden wrote a $200,000 check from this same personal bank account to Joe Biden.
James Biden wrote this check to Joe Biden as a “loan repayment.” Americore—a distressed company—loaned money to James Biden who then sent it to Joe Biden.
Even if this was 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.
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?
Did he have similar financial arrangements with other family members that led them to make similar large payments to him?
Did he know that the same day James Biden wrote him a check for $200,000, James Biden had just received a loan for the exact same amount from business dealings with a company that was in financial distress and failing?
The House Oversight Committee will soon announce our next investigative actions and continue to follow the money.
The bank records don’t end here. There is more to come.
Be Informed. Be Discerning. Be Vigilant. Be Engaged. Be Prayerful.