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Joe Biden's brother is caught up in FBI raid of bankrupt healthcare business

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Business loans brother

Postby Maunos В» 29.12.2019

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By Nikki Schwab, Senior U. Political Reporter For Dailymail. A healthcare company associated with James Biden, the younger brother of hopeful Joe Biden , was raided by the Federal Bureau of Investigation in January.

Tom Pritchard, a former Americore executive, told Politico that James Biden introduced the founder of Americore to his older brother Joe and helped the healthcare company get a bridge loan from a hedge fund. James Biden was accused by an executive from a healthcare company he did work for of trading on his family name and taking out a six-figure loan from the company, which he didn't pay back. James Biden left seen with Jill Biden center left , former Vice President Dick Cheney center right and Joe Biden right , the former vice president and current hopeful in January But at the same time, James Biden, took out the personal loan and suggested that the company take on greater financial liabilities.

James Biden had promised Americore executives that he could bring in a large investment from the Middle East thanks to his political connections. Additionally, two small medical firms that did business with James Biden have claimed in civil court that they have evidence that he may have fraudulently transferred funds from Americore 'outside the ordinary course of business,' Politico reported.

But the Politico report adds more gas to the narrative that Joe Biden's family members were trying to enrich themselves using the Biden name. Trump has continued to maintain that Hunter Biden had no business serving on the Burisma board and was only paid money because of his family name. Senate Republicans are continuing to pursue investigations into Hunter Biden as well. Joe Biden's campaign responded by telling the news organization that Joe and James never discussed Americore and the former vice president never expressed support for his brother's business.

The founder of Americore, Grant White, attended a September fundraiser for the Beau Biden Foundation, which Joe Biden attended, the campaign divulged, but said interactions between the two men were limited. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. By posting your comment you agree to our house rules. Do you want to automatically post your MailOnline comments to your Facebook Timeline?

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