President Biden’s younger brother James says Biden was sitting next to him on a business call about his bankrupt hospital business, new report claims James defrauded his eldest son in July 2017. They say it echoes the infamous allegations made by Hunter Biden against a Chinese businessman. In a shakedown text message he said he was “sitting here with his father.”
Joe Biden also met with the founders of Amecor Health Enterprises before it went bankrupt (hurting local patients in the process) and at one point offered to buy a stake. It is said that he was raising his New report from Politico.
The current presidential physician, Dr. Kevin O’Connor, even attended a business meeting with James Biden at the Pennsylvania hospital after the facility was acquired by Amecore.
James Biden, 74, is expected to be grilled about the details of his dealings and Joe Biden’s possible involvement in a deposition Wednesday ahead of the House impeachment inquiry, and is expected to be grilled about the details of his dealings and Joe Biden’s possible involvement, including China and Joe Biden’s role in his brother’s businesses in countries such as Mexico is also likely to be investigated. And Saudi Arabia.
House Oversight Committee Chairman James Comer (R-Ky.) in October revealed bank records showing that James Biden paid brother Joe $200,000 on March 1, 2018. On the same day, he received the same amount from Amecore in return for using his political connections to help. Securing a hospital chain from a Middle Eastern investor.
A previous $400,000 payment was made by Amecore to James Biden on January 12, 2018.
U.S. Rep. Dan Muser (R-Pennsylvania), who served as the state’s revenue commissioner from 2011 to 2015, asked the IRS to investigate the loan repayments.
According to , James Biden received a total of $600,000 in loans from the company the year before it went bankrupt. Bankruptcy filing in July 2022The first brother received the money “based on representations that his last name ‘Biden’ could ‘open doors,'” according to the complaint.
According to testimony from former executives and emails reported by Politico, the eldest brother’s wife, Sarah, prepared investor presentations and his son, James, produced a video pitch for Amecore, while the president’s son, Hunter, He reportedly met with the CEO.
James Biden also reportedly fired Amecore’s CFO Tony Sudduth shortly after the March 2018 payment for failing to compile financial statements before pitching to investors. ing.
Sudduth had refused to finalize the report because he believed it lacked sufficient information about the company’s debt and revenue — and the company’s business model was based on surcharges for clinical tests. A person familiar with the firing told Politico.
The former CFO then threatened James Biden with an email demanding that he be fired, which said, “I am convinced that Amecore’s partners will not welcome a public fight that ultimately exposes and exposes the entire functioning of the organization.” “
Amecore, founded by Canadian entrepreneur Grant White, was introduced as a venture that helps rural hospitals in Kentucky and Pennsylvania with drug rehabilitation, clinical testing, and even cancer treatment. This is something that Biden focused on during the last years of President Obama’s presidency, especially after he took office. His son Beau passed away in May 2015.
Other former executives who spoke with Politico said Mr. James wanted to put his brother Joe on the company’s board to help boost his success in the 2020 election.
“If this gets off the ground, it will help my brother get elected,” said one former executive.
The lawsuit, filed in 2019 and later settled by some disgruntled investors, alleged that James Biden believed the company was “protected” because of his “connections.” Text messages between the two were also revealed.
Joe Biden, who was a presidential candidate that year, said, “I have never talked to my son or brother or anyone else about anything that has to do with their business.”
It’s unclear which Middle Eastern country James Biden was seeking investment in, but he was pursuing other business ventures in Saudi Arabia around the same time.
Emails found on Hunter Biden’s discarded laptop show that sometime in August 2017, James Biden requested assistance from the Qatar Investment Authority and contacted one of its officials, Khalid Sultan Al Rabban. It shows that he shared a draft of the letter to Hunter Biden.
Subsequently, the Securities and Exchange Commission alleged that one of the eldest son’s business partners was involved in a fraudulent loan scheme related to Amecore.
An ongoing Justice Department investigation into a Pennsylvania hospital alleges the hospital was also involved in a conspiracy to defraud Medicare of $100 million by charging for unnecessary tests, according to people familiar with the case. told Politico.
At least one defendant who received kickbacks as part of the scheme has since pleaded guilty.
The U.S. Department of Labor, then-Pennsylvania Attorney General Josh Shapiro, and the district attorney also launched an investigation into Ellwood City Medical Center.
James Biden is considered one of the leaders of the Pennsylvania hospital and was approached by Shapiro, the state’s Democratic governor and a prominent campaign surrogate for Joe Biden, to lead the hospital, according to an email reported by Politico. The acquisition has received regulatory approval.
The effort was strengthened by the involvement of O’Connor, a retired U.S. Army colonel who served as Joe’s personal physician during his vice presidency and treated Beau during his final illness.
James Biden also believed Americore could win future contracts from the U.S. Department of Veterans Affairs, executives told Politico. I was very interested and that’s what he really wanted “belatedly.” “
The first brother disputed the characterizations of his former colleagues, saying he was misrepresented during negotiations about the venture.
But new emails cited in the Politico report are consistent with his opportunistic tone.
“This would be the perfect platform to expose my brothers.” [sic] to the team [your] Protocol,” James Biden wrote in a letter to the CEO of the Tampa-based company that holds the licensing rights to the experimental cancer drug that AmeriCorre was seeking. “It could be a great opportunity for real exposure.”
James Biden’s lawyer, Paul Fishman, did not respond to a request for comment.
In a statement to Politico, Fishman said his client “acted ethically and honorably in all of his business dealings.”
The White House maintains that the $200,000 payment from the president’s brother was a personal loan, but did not respond to requests for comment.
“We were convinced that Americor could be the savior of rural hospitals,” one former executive told Politico. “It was all a scam, but it didn’t take long to figure it out.”
