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A closely scrutinized $200,000 test that President Biden acquired from his brother, James Biden, in 2018 has resurfaced in a brand new report detailing how the latter leaned closely on his household’s affect to advertise a now-defunct hospital chain focused by the Department of Justice for fraud.
According to the report printed Sunday by Politico, James centered his consulting work for Americore, an organization that operated rural hospitals, on his leverage as a member of the Biden household, however these connections by no means materialized into extra financing for the corporate earlier than it finally collapsed.
Fox News Digital reported final 12 months that Americore loaned James roughly $600,000 on the promise that his title might herald funding from the Middle East. On the identical day, $200,000 of the $600,000 was transferred to James’ private checking account, prompting him to jot down Biden a $200,000 test from that very same account.
James Biden (left) and President Joe Biden (proper). (AP/Getty Images)
Politico stated that its investigation of James’ work for Americore “did not find that Joe Biden involved himself in the firm or took actions on its behalf,” however that the president “did benefit indirectly from his brother’s work with the firm,” citing the $200,000 payment.
The White House has persistently denied that the cash was something aside from compensation for a mortgage Biden beforehand gave James as a personal citizen, and redacted financial institution information seem to point out a $200,000 payment made to James simply weeks earlier from a checking account belonging to Biden.
However, Republicans on the House Oversight Committee have emphasised the payment, whether or not a mortgage or not, “aptly demonstrates one way [Biden] personally benefited from his family’s shady influence peddling of his name and their access to him.”
GOP SENATE HOPEFUL KEPT TIES TO GEORGE SOROS-BACKED GROUP WHERE HUNTER BIDEN SERVED ON BOARD
U.S. Capitol Building (AP Photo/J. Scott Applewhite)
“Even if the transaction in question was part of a loan agreement, we are troubled that Joe Biden’s ability to recoup funds depends on his brother’s cashing-in on the Biden brand,” Committee Chairman James Comer, R-Ky., informed Fox News Digital in October.
James is predicted to be interviewed as a part of the committee’s impeachment inquiry in opposition to Biden on Feb. 21.
According to Politico, quite a few former Americore executives stated James, on the time, wished to provide Biden fairness within the firm, put him on its board, and promote its success in a future presidential marketing campaign, none of which ever occurred as a result of firm’s failure.
Chairman James Comer, R-Ky., arrives for the House Oversight and Accountability Committee listening to titled “Unsuitable Litigation: Oversight of Third-Party Litigation Funding” in Rayburn Building on Wednesday, September 13, 2023. (Tom Williams/CQ-Roll Call, Inc through Getty Images)
Americore is going through an ongoing $100 million federal prosecution after the DOJ discovered certainly one of its hospitals allegedly undertook a scheme to defraud Medicare by billing the federal government for medically pointless lab checks. However, James has not been accused of any crime.
In December, a Chapter 11 trustee for Americore testified earlier than the Oversight Committee that the $600,000 mortgage was supplied to James with no documentation in return for the promise of funding from the Middle East that by no means got here.
Carol Fox informed the committee she filed a lawsuit in opposition to James, saying he made “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.”
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The swimsuit was finally settled with James required to pay again $350,000 of the mortgage.
Fox News Digital has reached out to the White House and representatives of James Biden for remark.
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