It has been a constant refrain among President Joe Biden's defenders that his family's profiteering from foreign influence peddling abroad took place without their knowledge and involvement.
A new report from Politico, as constituent publication as can be found, breaks down that already precarious defense.
While the president's defenders have often pointed to Joe Biden's involvement in the troubled affairs of his son Hunter Biden as an illustration of a case of a father's love, rather than the aid and collusion of illicit activities that compromise national security, the new report implicates an often overlooked person in the Biden corruption scandal: the president's brother, James Biden.
Politico's report comes ahead of James Biden's highly anticipated interview on February 21. The critical implication of the report is Joe Biden's “central” involvement in his brother's scheme to profit from a troubled, now bankrupt medical conglomerate called Americore.
As the layers of activity that occurred in and around Americore peel away in a federal prosecution in Pennsylvania, a bankruptcy court in Kentucky and tense interviews with witnesses on Capitol Hill, a POLITICO investigation paints the picture most detailed yet of the ways in which Joe Biden's relatives used their public stature to advance a private enterprise.
The investigation, based on public records, court filings, dozens of interviews and hundreds of exclusively obtained internal documents, reveals that Jim Biden's role at Americore was greater than previously reported: in some internal documents and materials of investor his name is included among his first handfuls. of leaders He also helped the company seal regulatory approval to acquire the Pennsylvania hospital and personally fired Americore's chief financial officer, according to emails obtained by POLITICO.
Documents obtained by Politico show that there was extensive involvement by Joe Biden and his family's inner circle in Americore, which is under federal investigation for allegedly fraudulent operations.
This Americore involvement included Jim Biden, his wife Sara, his son Jamie, Hunter Biden and Joe Biden himself.
The investigation also reveals that Joe Biden's name and inner circle were more involved with the company than previously realized: In addition to accounts provided by former executives, investor materials described Jim Biden as an adviser to his big Brother. And in addition to Joe Biden's previously reported meeting with the company's CEO, at least three of Joe Biden's family members worked with Americore. They include Jim Biden's wife, Sara, and their son, Jamie. The president's son, Hunter Biden, also met with his CEO, and his personal physician, current White House physician Kevin O'Connor, joined a meeting with Jim Biden and the president of 'a hospital acquired by Americore, according to a former executive and emails. obtained by POLITICO.
The most damning paragraphs of the Politico report indicate that Joe Biden's name was a “central element” of Jim Biden's pitch to potential partners and investors.
While the extent to which Joe Biden's relatives have invoked their ties to him to advance their business careers has been the subject of ongoing controversy, documents obtained by POLITICO show that Joe Biden was central to the filing from Jim Biden to potential partners and investors during this period.
None of these Biden family members would answer specific questions related to Americore. The White House did not respond to detailed requests for comment.
This is relevant in the context of a “direct payment of $200,000 from James and Sara Biden to Joe Biden in the form of a personal check,” released by House Oversight Committee Chairman James Comer (R-KY) in the October
“In 2018, James Biden received $600,000 in loans from Americore, an operator of financially distressed and bankrupt rural hospitals,” the press release stated. “According to bankruptcy court documents, James Biden received these loans” based on statements that his last name, “Biden,” could “open doors” and that he could get a large investment from the Middle East based on in his political connections.”
“On March 1, 2018, Americore wired a $200,000 loan to James and Sara Biden's personal bank account, not their business bank account,” the statement added. “On the same day, James Biden wrote a check for $200,000 from this same personal bank account to Joe Biden.”
James Biden's lawyer has provided a now-dubious defense for his client's invocation of his brother Joe Biden in his business dealings, the Associated Press has reported.
“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 running for president.”
“There is nothing wrong with these transactions and there is nothing wrong with them,” attorney Paul Fishman said in a statement in November. “And Jim Biden has never involved his brother in his business.”
Now it seems that this is patently false. Republicans are now pointing to the federal proceedings against Americore as further evidence of “influence peddling” by the Biden family in their commercial relationsespecially with foreign actors.
As Politico's report notes, James Biden relied heavily on the reference to his brother, a former senator and former vice president at the time, to judge Middle Eastern investors.
Jim Biden discussed plans to give his brother equity in Americore, according to a former Americore executive, and install him on its board, according to a second. He also said that if Americore could find a winning business model for rural health care, his brother could promote the company in a future presidential campaign, a third former executive told POLITICO. All were granted anonymity to speak about a company mired in legal and political controversy
In order to finance Americore's expansion, Jim Biden offered to secure capital from investors in the Middle East, according to emails and executives. When the expected money did not come, it exacerbated Americore's pre-existing financial problems. The company collapsed, leaving behind unpaid bills and neglected patients.
The human remains resulting from the Biden family's exploitation of Joe Biden's political connections for financial gain are a critical aspect of the story. Americore's embezzlement not only lined the pockets of members of the Biden family, but also devastated families who relied on the defunct medical provider to care for their loved ones in times of need.
Therefore, the corruption of the Biden family is not only a serious matter of national security, but also a personal family tragedy for many Americans who were exposed to their unethical and potentially illegal activities.
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