https://www.frontpagemag.com/biden-got-200k-payment-from-family-business-tied-to-islamic-terror-hamas/
In 2020, I dug into what was probably one of the strangest and most overlooked Biden family scandals.
James Biden, Joe’s brother, had become a principal at Americore whose business model was based on buying and turning around rural hospitals. But the turnaround was into the grave.
Obamacare had hit rural hospitals hard, forcing many of them to shut down. By Obama’s last year in office, 4% of rural hospitals had closed down, and hundreds more were on the brink. And the Bidens had figured out a way to profit from the devastation caused by Obama-Biden.
“His brother was very interested in rural health care and very interested in veterans’ health care, and it was something he really wanted to get behind,” an Americore executive recalled Biden telling him. “This would help his brother get elected.”
The hospitals were trashed and patient care fell apart, but James Biden was making money.
Hospital patients might have been able to get basic care and supplies, but the money wasn’t there. Meanwhile, James Biden had allegedly made off with $650,000.
According to the Americore CEO, “Jim Biden directed me to loan him approximately $400,000 of this money for him to use to repay a past-due personal loan.”
Later, “Biden took additional amounts totaling approximately $250,000.”
Thanks to the House Oversight Committee, we now know where some of it went.
In 2018, James Biden received $600,000 in loans from, Americore—a financially distressed and failing rural hospital operator. According to bankruptcy court documents, James Biden received these loans “based upon representations that his last name, ‘Biden,’ could ‘open doors’ and that he could obtain a large investment from the Middle East based on his political connections.”
On March 1, 2018, Americore wired a $200,000 loan into James and Sara Biden’s personal bank account – not their business bank account. On the same day, James Biden wrote a $200,000 check from this same personal bank account to Joe Biden.
While Joe Biden getting cash courtesy of his brother trading on his name and sending it to the ‘Big Guy’ is bad, the details lead down a very disturbing trail.
According to bankruptcy court documents, James Biden received these loans “based upon representations that his last name, ‘Biden,’ could ‘open doors’ and that he could obtain a large investment from the Middle East based on his political connections.”