Home World Americore Traded James Biden $600K Loan For Funding Promises

Americore Traded James Biden $600K Loan For Funding Promises

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President Joe Biden’s younger brother James Biden took a quiet personal loan from one of his now-bankrupt investment companies on the condition that he would leverage his family’s political influence to increase their funding from the Middle East, testimony collected by the House Oversight Committee states. He then used those funds to line his elder brother’s pockets.

Shortly after the FBI raided Americore’s offices in January 2020, the health care company’s former CEO Grant White prepared a lawsuit accusing James of violating the Racketeer Influenced and Corrupt Organizations Act (RICO) and committing fraud. As Mark Hemingway reported at the time, documents prepared as part of the legal proceedings specifically alleged that James used company cash to stuff his pocketbook via a six-figure personal loan but did not deliver on his promise to use the Biden family name to bring the company investments from the Middle East.

“[Biden told me] there’s not a single door in the country that we can’t open. So if I wanted to meet, you know, the head of Google, it’s a phone call,” White said. “He always represented himself as the fundraiser for his brother’s campaigns. … He was the guy raising the money and so he knew everybody.”

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