James Biden's testimony is a significant development in the impeachment inquiry. His involvement in the Biden family's business ventures, particularly those with foreign entities, has been a focal point of the investigation. House Oversight Committee Chairman James Comer has stated that the Biden family and their business associates brought in more than $24 million between 2014 and 2019 by "selling Joe Biden as 'the brand' around the world."
James Biden is also expected to be questioned on "loan repayment" checks -- one for $200, 000 and another for $40, 000 -- that he wrote to the president. Comer said that James Biden "received $600, 000 in loans from Americore -- a financially distressed and failing rural hospital operator." "On March 1, 2018, Americore wired a $200, 000 loan into James and Sara Biden's personal bank account -- not their business bank account," he continued. "And then, on the very same day, James Biden wrote a $200, 000 check from this same personal bank account to Joe Biden."
Politico actually bothered reporting on James Biden's promotion of the bankrupt company Americore, using Joe Biden's name to open doors.
In 2017, a hospital operator set out to build a rural health care empire with the help of a Philadelphia-area consultant.
The consultant, Jim Biden, had no experience running hospitals. But he did understand the federal government and had ties to labor unions. Perhaps more important, he was the younger brother of Joe Biden.
The final years of the Obama administration had cemented the former vice president's towering stature in the world of health care, where he had made the fight against cancer a top federal priority and, then, a centerpiece of his legacy-building efforts.
For then 67-year-old Jim Biden, the third of four Biden siblings, his ties to his older brother made up much of his pitch as he pursued deals that could help Americore make money from drug rehab, lab testing and even cancer treatment.
"This would be a perfect platform to expose my Brothers team to [your] protocol," Jim Biden wrote to the CEO of a Tampa-area company that controlled licensing rights to an experimental cancer treatment the hospital operator wanted to offer. "Could provide a great opportunity for some real exposure."
The brother he's talking about is Joe Biden, of course.
The email, obtained by POLITICO from a person close to the company, documents one of the many ways in which Jim Biden invoked his brother's name and clout in the course of his work with Americore, which has since gone bankrupt, wreaking havoc in rural communities in the process.
Jim Biden spoke of plans to give his brother equity in Americore, according to one 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 discuss a company mired in legal and political controversy
In order to fund Americore's expansion, Jim Biden offered to secure capital from investors in the Middle East, according to the emails and executives. When the expected money did not arrive, it aggravated Americore's preexisting financial issues. The company collapsed, leaving behind unpaid bills and neglected patients.
...
In September, the Securities and Exchange Commission accused one of Jim Biden's business partners of fraud related to loans to the company, allegations the business partner has denied.
Meanwhile, the Justice Department found that Americore's hospital in Pennsylvania entered into sham service agreements and paid kickbacks as part of a scheme that billed the government for medically unnecessary lab tests the hospital shipped out to be performed elsewhere.
Those actions are at the center of a federal prosecution of a $100 million conspiracy to defraud Medicare that has netted a guilty plea from the recipient of the kickbacks, and, according to a person familiar with the case, remains ongoing.
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As the layers of activity that occurred in and around Americore are peeled back in a federal prosecution in Pennsylvania, a bankruptcy court in Kentucky, and tense witness interviews on Capitol Hill, a POLITICO investigation renders the most detailed picture to date of the ways in which Joe Biden's relatives leveraged his public stature to advance a private business venture.
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 larger than previously reported:...
The investigation also reveals that Joe Biden's name and inner circle were more involved with the company than has been understood: In addition to the accounts provided by former executives, investor materials described Jim Biden as an adviser to his older brother. And on top of Joe Biden's own previously reported encounter with the firm's CEO, at least three of Joe Biden's relatives did work with Americore. They include Jim Biden's wife, Sara, and his son, Jamie. The president's son, Hunter Biden also met with its CEO, and his personal doctor -- current White House physician Kevin O'Connor -- joined a meeting with Jim Biden and the president of a hospital being acquired by Americore, according to a former executive and emails obtained by
He never spoke to Hunter or Jim Biden about their "businesses," though. And he never spoke to their "business" associates. And when he did speak to their "business" associates, it was just to talk about the fucking weather.
You believe that, right? You're a weak willed individual of very low IQ who will robotically nod your stupid puppet head at any bullshit the media feeds you, right?
If the moron media told you that you were a bug, you'd believe that too, right?