The email, obtained by POLITICO from a person close to the company, documents one of the many ways in which Jim Biden invoked his brother’s name and clout in the course of his work with Americore, which has since gone bankrupt, wreaking havoc in rural communities in the process.
Jim Biden spoke of plans to give his brother equity in Americore, according to one former Americore executive, and install him on its board, according to a second. He also said that if Americore could find a winning business model for rural health care, his brother could promote the company in a future presidential campaign, a third former executive told POLITICO. All were granted anonymity to discuss a company mired in legal and political controversy
In order to fund Americore’s expansion, Jim Biden offered to secure capital from investors in the Middle East, according to the emails and executives. When the expected money did not arrive, it aggravated Americore’s preexisting financial issues. The company collapsed, leaving behind unpaid bills and neglected patients.
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As the layers of activity that occurred in and around Americore are peeled back in a federal prosecution in Pennsylvania, a bankruptcy court in Kentucky, and tense witness interviews on Capitol Hill, a POLITICO investigation renders the most detailed picture to date of the ways in which Joe Biden’s relatives leveraged his public stature to advance a private business venture.
…The investigation also reveals that Joe Biden’s name and inner circle were more involved with the company than has been understood: In addition to the accounts provided by former executives, investor materials described Jim Biden as an adviser to his older brother. And on top of Joe Biden’s own previously reported encounter with the firm’s CEO, at least three of Joe Biden’s relatives did work with Americore. They include Jim Biden’s wife, Sara, and his son, Jamie. The president’s son, Hunter Biden also met with its CEO, and his personal doctor — current White House physician Kevin O’Connor — joined a meeting with Jim Biden and the president of a hospital being acquired by Americore, according to a former executive and emails obtained by POLITICO.
So the noose should be tightening. But so far the media has barely shown an interest. Except now as Politico takes a turn at looking at the corruption, one wonders if the white flag has been raised by the Dem insiders and decided it is time to dump the guy. Jim Biden is set to meet with the House on February 21st.
“The Committees seek information you possess regarding your business dealings with both Americore and James Biden, including, but not limited to, the ‘loans’ that James Biden received from the financially struggling company,” the letter, sent Thursday afternoon, reads.
Comer and Jordan have been investigating Americore and James Biden allegedly misleading the company into giving him a $600,000 loan. The committees interviewed Carol Fox, a bankruptcy trustee of the company, earlier this month, and Fox testified that James Biden promised he could leverage his last name to secure funding from the Middle East. (USA Today)
Grab a cup of coffee. Settle back. It’s a good read.
The very best of the swamp.
