[ April 19, 2024 ]
They’re a bloody crime family – sitting atop the federal government.
James Biden’s health care ventures face a growing legal morass
A mysterious FBI raid. New allegations from former executives. Questions are swirling about the business dealings of Joe Biden’s brother
The messy politics surrounding the business dealings of Joe Biden’s relatives, including his brother James Biden (right), have made a dent in the presidential contest.
Story continues below advertisementBy Ben Schreckinger, Politico, march 9, 2020:
The Federal Bureau of Investigation raided a health care business linked to Joe Biden’s brother in late January, seizing boxes of documents.
The raid of an Americore Health hospital represented a deepening of the legal morass surrounding James Biden’s recent venture into health care investing at a time when questions about the business dealings of Joe Biden’s relatives, and their alleged connection to the former vice president’s public service, continue to dog his presidential campaign.
In the weeks since the raid, two small medical firms that did business with James Biden have claimed in civil court proceedings to have obtained evidence that he may have fraudulently transferred funds from Americore “outside of the ordinary course of business,” and a former Americore executive has told POLITICO that James Biden had more than half a million dollars transferred to him from the firm as a personal loan that has not yet been repaid.
The purpose of the Jan. 30 raid of an Ellwood City, Pa., hospitalremains unclear, and there is no indication it was related to the actions of Biden’s younger brother, who has not been accused of criminal wrongdoing. Its owner, Americore, has faced legal problems and allegations of mismanagement that are unrelated to James Biden.
But recent filings in ongoing legal proceedings, along with new accounts provided to POLITICO by former executives of Americore and others, point to potential pitfalls for the former vice president, painting the fullest picture to date of James Biden’s health care dealings and the ways in which they allegedly related to his older brother. In 2017 and 2018, James Biden was embarking on a foray into health care investing, telling potential partners, including at Americore, that his last name could open doors and that Joe Biden was excited about the public policy implications of their business models, according to court filings and interviews with James’ former business contacts.
Tom Pritchard, a former Americore executive familiar with the business’ finances, told POLITICO that James Biden’s arrival exacerbated Americore’s financial problems. Holding out the promise of a large investment from the Middle East based on his political connections, James Biden introduced Americore’s founder to his older brother and helped land a bridge loan to Americore from a hedge fund, Pritchard said. But then, Pritchard said, James Biden received a six-figure personal loan out of Americore’s coffers while encouraging the firm to take on greater financial liabilities. The cash infusion from the Middle East never arrived, and, Pritchard says, James Biden has not paid back the loan, the terms of which are unknown.
“It was all smoke and mirrors,” Pritchard said.
Meanwhile, Americore found itself increasingly hamstrung by high-interest loans and unable to pay employees and vendors, a situation that disrupted the operations of the rural hospitals it owns.
Now, the business is in bankruptcy court, and federal authorities are circling.
David Randolph Smith, an attorney for James Biden, declined to comment.
[….]
The messy politics surrounding the business dealings of Biden’s relatives, and President Donald Trump’s efforts to exploit them, have loomed over the presidential contest for several months, damaging both camps. Trump’s failed attempts to pressure Ukraine’s government to announce an investigation of Biden and his son, Hunter, led to Trump’s impeachment. Though Trump was acquitted by the Republican-controlled Senate, polls showed that a plurality of Americans consistently supported the impeachment, which highlighted evidence that Trump abused his power for partisan political ends. At the same time, a recent POLITICO/Morning Consult poll found that 57 percent of voters believe Hunter Biden’s well-compensated position on the board of a Ukrainian energy firm amounted to a scandal, compared to 19 percent who do not.
Over the course of Biden’s run, reports have trickled out about James, a sometimes business partner of Hunter’s, who has received financial support from people with an interest in influencing Joe and been repeatedly accused of trading on Joe’s clout to advance his business ventures.
Biden has defended his son Hunter and said that his relatives’ business dealings have had no connection to his official duties. But the recent developments related to James Biden’s health care ventures demonstrate that as long as Biden remains in the campaign, the issue of his relatives’ financial dealings is likely to remain as well.
Even before the development surrounding Americore, James Biden’s venture into health care investing has been surrounded by legal allegations and claims that he invoked his brother’s clout.
Last year, two medical services firms jointly sued James Biden and his business partners in federal court in Tennessee, alleging James and his partners promised to provide a large investment from the Middle East, then pushed the firms to make expensive acquisitions, as part of a scheme to drive them out of business and steal their business models. As previously reported, those firms alleged that James Biden cited his family’s political connections and promised his older brother would promote their health care model as part of his 2020 presidential campaign.
Another health care firm sued Platinum Global Partners — a Florida corporation that lists James and his wife Sara as managers — in Palm Beach County in June. The firm, which makes an oral rinse with applications for cancer patients, alleged that Platinum reneged on an agreement to invest in it and requested that Platinum turn over documents related to the Biden Cancer Initiative, a nonprofit founded by Joe Biden to fund medical research. An executive involved in litigation against James Biden previously told POLITICO that, on a call, James said he could get the Biden Cancer Initiative to promote the oral rinse.
The Tennessee case is ongoing. The Palm Beach County case was dismissed without prejudice in November.
James Biden and his partners have denied the central allegations in both cases.
But, in interviews, former executives of Americore offered additional, similar accounts of James Biden invoking his brother’s influence and the promise of investment funds from the Middle East that never materialized in order to push their firm to grow quickly, taking on new financial liabilities.
Unlike those other firms, Americore is now in the sights of the Justice Department.
The precise nature of James Biden’s relationship to the firm — founded by White, a Canadian investment banker, in 2017 — is contested.
The plaintiffs in the Tennessee case described him as a principal of Americore and entered a business card identifying him as such into evidence. James Biden has disputed that he is a principal of the firm in court proceedings, though he has not detailed the precise nature of his ties to Americore, which owns hospitals in Pennsylvania, Arkansas and Missouri.
Paradigm: Fraud allegations against Biden familyPritchard and the other former Americore executive, who spoke on condition of anonymity out of fear of retaliation, each said James Biden was actively involved in the company during their tenures there. “Jim was operating as a principal or Jim was portraying that,” Pritchard said. “Whether on paper he had any ownership, I’m not 100 percent sure.”
Biden’s brother touted Biden Cancer Initiative ties in investment pitch
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47 Comments
4 years ago
a pinko commie or a hair smelling pervert with dementia, out of 300+ million people?
4 years ago
I’d bet Hillary is foaming at the mouth in jealousy. The Biden’s have been enriching themselves over Joe Biden’s 40 year career!
Eight Things to Know About the Biden Family’s Culture of Corruption
HARIS ALIC 14 Aug 2019
1. Joe Biden’s younger brother, James Biden, secured generous bank loans.
2. Joe Biden’s top campaign contributor hired his youngest son Hunter right out of law school.
3. An MBNA executive purchased Biden’s house for the full asking price in a deal that appeared facilitated by the company.
4. Hunter Biden remained on MBNA’s payroll while Joe Biden was writing bankruptcy reform legislation.
5. Joe Biden paid his family members with campaign cash.
6. James and Hunter Biden sought to monetize off Joe Biden’s political standing.
7. James Biden’s received a $1.5 billion contract to build houses in Iraq while Joe Biden was overseeing the region.
8. Hunter Biden’s firm scored a $1.5 billion deal with the Bank of China only days after Joe Biden and his youngest son visited the country.
Peter Schweizer, a senior contributor at Breitbart News, revealed in his bestselling book Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends that Hunter Biden’s firm signed a multi-billion dollar with a subsidiary of the state-owned Bank of China only ten days after he visited the country with his father aboard Air Force Two.
DETAILS for each point are at the link:
https://www.breitbart.com/politics/2019/08/14/eight-things-biden-familys-culture-orruption/
How five members of Joe Biden’s family got rich through his connections
By Peter Schweizer January 18, 2020
…
In Biden’s case, these deals include foreign partners and, in some cases, even US taxpayer dollars. It’s truly sickening. Details at the link.
4 years ago
this has been going in broad daylight for what, 30 years? and not intrepid member of the so-called press ever thought it worth looking into and reporting on? this is what happens when the media is controlled by DC. thank God for the internet and AM radio for lifting the lid off this sewage tank so we can all get a good whiff
4 years ago
‘Donald Trump’s failed attempts to pressure Ukraine…’
What the f***? When did you start putting crap like that on this site?????????
4 years ago
Reply to
famouswolf
I liked the ‘…a plurality of Americans consistently supported impeachment…’ , meaning a Majority DIDN’T!!!
4 years ago
Corruption and graft runs in the Biden family.
4 years ago
The Brothers Grim !! 
4 years ago
His beautiful wife tells the public behind his back: “My husband is an old bone and my breasts are full of freckles. When he finally dies, I’ll show you more of them.”
4 years ago
Reply to
Nori
With what devotion she tied his bow tie, heartbreaking. (If only everything about him were so flawless!)
The only question that preoccupies her: “When will the moment finally come when I have to prepare him for the last time on his walk into eternity?”
The wisdom of the woman is the silent smile.
4 years ago
Reply to
ed
How much longer do you want to “mirror” people you hate instead of becoming an independent personality who not only smiles at all this, but despises it?
4 years ago
Reply to
Achmed Mohandjob
She won’t answer…..I am almost starting to fear for poor bertram’s safety…..
4 years ago
Reply to
Nori
I consider you, Marloway, Melbrinck and Haroldin EXTREMELY dangerous. What have the four of you done to bertram ????? I’m alerting the authorities, marc…..
4 years ago
Reply to
ed
I detest your “acquaintance”. Your sick mind can’t dig it. You have no honour or dignity. Get treatment!
4 years ago
Reply to
Nori
Better keep looking over your shoulder, marc. The FBI has been notified about bertram being MIA for months now, and they agree that you marc, are the number 1 suspect. They will also subpoena Marloway, Melbrimck and Haroldin and try to turn your other personalities against you. You’ll be doing time soon in the SuperMax…….
4 years ago
Reply to
Nori
says the man with…..how many personalities ??? Says the man who replies endlessly to himself ?? Where’s BERTRAM ?!?!?!?!
4 years ago
Reply to
Nori
I consider you, Marloway, Melbrinck and Haroldin EXTREMELY dangerous. What have the four of you done to bertram ????? I’m alerting the authorities, marc…..
4 years ago
All of this is detailed in Peter Schweiser’s new book, “Secret Empires”, about how the political class, e.g. “the Deep State”, uses its positions in government to enrich themselves and family members.
One of the most interesting things about a book like this one and “The Russian Hoax” by Jarrett and “The Plot Against the President” by Smith is that there is not a single volume on the open market with a contrary viewpoint.
4 years ago
It sounds like a joke: Homo sapiens has been around for 500,000 years, but language has only existed for 50,000 years. 450,000 years, humans have lived without language.
But our instinct for interpreting faces is still very intact. Why is that? Our face contains all five senses: smell, taste, touch, sight, hearing. Our brain is directly connected to it.
4 years ago
Reply to
Nori
At the moment I’m delving into Ayya Khemma’s (she was Jewish) philosophy. She oriented herself towards Nyanaponika (Jewish) and Mirra Alfassa (Jewish).
https://en.wikipedia.org/wiki/Shanghai_Ghetto
4 years ago
Reply to
ed
Your weapons are blunt because they contain nothing but lies. You demand “attention” for hate and poverty. How much longer?
4 years ago
Reply to
Nori
I’m sorry, marc. Were you talking to me, or replying to yourself again ?? One can never tell….
4 years ago
Reply to
ed
Your moronic upvoter is determined to climb the “Olympus of Intelligence” with you together.
4 years ago
Reply to
Nori
Where are your “up-voters” marc ?? Your other 3 personalities that are currently cheering you on with each and every comment, while “down-voting” those you disagree with ??? I’m drawing a blank on their names….oh yeah….Marloway, Melbrinck and Haroldin ?? And what of bertram ?? What happened to bertram, marc ???
4 years ago
Reply to
ed
Would you finally leave your “enemies” alone when they would sell you a slave (where you can act out all your inferior “hate”)?
4 years ago
Reply to
Nori
Women leave you alone, don’t they marc ?? Women have ALWAYS left you alone, haven’t they ??
Where’s bertram ??
4 years ago
Reply to
ed
Healthy women do not love stalkers. If you press men, how happy women must be with you?
Thank God women react calmly with a natural defence against your idiotic paranoia.
If I could save women by focusing your destructive energy on me, I’ve done a good job.
4 years ago
Reply to
Nori
Two questions marc…….You’re not making any sense at all…what have you been smoking ?? And what have you done with bertram ???
4 years ago
Reply to
ed
Even though everyone’s asking, “My God, what does this sick guy want from him?” Why are you bothering me like a disease?
4 years ago
Reply to
Nori
And then ALL the women that you approach, marc, ask “My God, what does this sick little pervert want from me ?”
marc….you keep avoiding the question…..WHERE’S BERTRAM ?!?!?!?!
4 years ago
Isn’t James Biden the brother that was ordered to pay the children of deceased man $500,000 (now with interest $700,000) and has been ignoring the ruling? Wasn’t James Biden hiding out at his brother Joe’s home for a while? Didn’t Joe respond to a letter from the children with a “not our problem” reply? Would you trust the Bidens for anything regarding money?
4 years ago
SOP for the elites.It’s why we call D.C.the District of Corruption. Looks like small potatoes to me. Anyway, Biden is a proxy for Hillary.
4 years ago
Hey – it’s a family tradition!
4 years ago
Who’s surprised????
4 years ago
I’ll bet Joe Bribe’em Biden’s sister-in-law keeps him at arm’s length or farther.
