In addition to reports of his son, Hunter Biden, being paid as much as $80,000 a month to sit on the board of a Ukrainian natural gas company as his father headed up the U.S. effort in that country, Joe Biden’s brother is also in the news.
The FBI raided an Americore Health hospital linked to 2020 presidential candidate’s brother, James Biden, in late January. Boxes of documents were seized in the raid and the brother faces allegations he engaged in fraud and traded on Joe Biden’s name.
James Biden embarked on a health care investing foray in 2017 and 2018, as Politico reported, telling Americore and other potential partners his last name could open doors and that his older brother was excited about the public policy implications of their business models.
But it was “all smoke and mirrors,” according to a former Americore Health official.
The six figure loan reportedly being more than a half million dollars.
The article did note that James Biden has not been accused of criminal wrongdoing and that the purpose of the Jan. 30 raid was unclear. It also stated that the Americore owner has faced legal problems and claims of mismanagement unrelated to Biden.
The company is now in bankruptcy court.
Politico also reported that Biden’s brother was sued last year by two medical services firms alleging that he cited his family’s political connections and promised that the former vice president would promote their health care model as part of his 2020 presidential campaign.