Biden's $200K payment from brother receives renewed scrutiny after report detailing failed hospital venture


 A heavily scrutinized $200,000 check that President Biden received from his brother, James Biden, in 2018 has resurfaced in a new report detailing how the latter leaned heavily on his family's influence to promote a now-defunct hospital chain targeted by the Department of Justice for fraud.


According to the report published Sunday by Politico, James centered his consulting work for Americore, a company that operated rural hospitals, on his leverage as a member of the Biden family, but those connections never materialized into more financing for the company before it ultimately collapsed.


Fox News Digital reported last year that Americore loaned James approximately $600,000 on the promise that his name could bring in funding from the Middle East. On the same day, $200,000 of the $600,000 was transferred to James' personal bank account, prompting him to write Biden a $200,000 check from that same account.



Politico said that its investigation of James' work for Americore "did not find that Joe Biden involved himself in the firm or took actions on its behalf," but that the president "did benefit indirectly from his brother's work with the firm," citing the $200,000 payment.


The White House has consistently denied that the money was anything other than repayment for a loan Biden previously gave James as a private citizen, and redacted bank records appear to show a $200,000 payment made to James just weeks earlier from a bank account belonging to Biden.


However, Republicans on the House Oversight Committee have emphasized the payment, whether a loan or not, "aptly demonstrates one way [Biden] personally benefited from his family’s shady influence peddling of his name and their access to him."

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12 Comments

  1. Secret is exposed

    ReplyDelete
  2. Better luck next time!

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  3. Scam runs in the family

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  4. Anything fraud

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  5. That’s was planned

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  6. This is well planned am sure the money is for another thing. FRAUD!

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  7. Omg planned failed lmao

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  8. Fraud is their family business

    ReplyDelete
  9. Fox News Digital reported last year that Americore loaned James approximately $600,000 on the promise that his name could bring in funding from the Middle East. On the same day, $200,000 of the $600,000 was transferred to James' personal bank account, prompting him to write Biden a $200,000 check from that same account.
    THIS IS FRAUD

    ReplyDelete

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