James Biden, Joe Biden’s younger brother, is reportedly under investigation by federal authorities for potential tax crimes.
Americore, a health care company with ties to the younger brother of Joe Biden, is under criminal investigation by the U.S. attorney’s office for the Western District of Pennsylvania due to possible tax crimes. This news placed James Biden as the second family member of Biden to be placed under federal investigation.
Although Joe himself has not been implicated in any wrongdoing, this chain of investigation could likely complicate Joe Biden’s presidency. It will likely draw scrutiny on how the Justice Department will handle the investigation under the Biden administration. In addition to that, the Biden family’s surfacing issues could also draw more attention to the deals they’ve been involved in.
James Biden was being investigated by federal officials in the Western District of Pennsylvania over his former role in a now-bankrupt company named Americore Health. In January, two hospitals managed by the company were raided by the FBI over allegations of gross mismanagement.
— James Bossman (@JamesBossman8) December 13, 2020
Politico reported last Wednesday that other than the ongoing investigation against Hunter Biden, his uncle, James Biden, is also under investigation by federal authorities in the Western District of Pennsylvania, allegedly due to his prior business deals with Americore, a healthcare company.
In relation to this, federal officials have been seeking answers about James Biden and his role in Americore.
Americore is a healthcare company that operates a string of hospitals across Pennsylvania, Missouri, and Arkansas. The company allegedly gave James Biden a six-figure loan that hastened the company’s descent into bankruptcy.
“James Biden, who worked for Americore between 2017 and 2019, supposedly received a personal loan from the $650,000 company before decreasing his day-to-day activities. The personal loan was given to James Biden for helping Americore secure an even bigger bridge loan from a hedge https://t.co/vQoOln5OyG
— @AngelAura16 (@shibykittymom) December 11, 2020
The report stated that James Biden gained the company’s executives’ trust by using his brother’s name, Joe Biden, a former Vice President.
James allegedly promised the executives access to his brother, and in addition to this, he also guaranteed a big investment coming from a donor in the Middles East. However, said promise never materialized, and the healthcare company filed for bankruptcy in December 2019.
A former executive of Americore, Tom Pritchard, who is familiar with the business, said, “It was all smoke and mirrors.”
"Holding out the promise of a large investment from the Middle East based on his political connections, James Biden introduced Americore’s founder to his older brother…. It was all smoke and mirrors.” https://t.co/t2N9hPP8HY
— AssocAmerPhys&Surg (@AAPSonline) March 10, 2020
In addition to this, the younger brother of Joe Biden also reportedly held an office in the headquarters of Americore in Florida for a short time. He has a business card that identifies him as a “principal” of the company. However, said data was never recorded into Tennessee court records.
In 2017 and 2018, other former business associates of Americore also alleged that James Biden was on a spree of healthcare investing and told partners that “his last name could open doors, and Joe Biden was interested in the policy implications of their business models.”
Several sources claimed that in September 2019, James Biden wired money from Americore to himself. He transferred the money in the form of personal loans. Politico reported that a former executive of Americore said that James Biden’s loan amounted to at least half a million dollars.
Despite these reports, the core of the federal investigation into Americore remains unclear, and the exact role of Joe Biden in the healthcare company is still in dispute.
This year, the FBI raided two hospitals run by Americore due to gross financial mismanagement complaints. According to reports, the company was not running the hospitals “in a manner that is consistent with public safety and welfare.”
Should Joe Biden become president, all of the prosecutors investigating Hunter Biden will be fired.
There's a clear conflict of interest here–one that demands a special counsel. pic.twitter.com/oe6mEx4pKX
— Tom Cotton (@SenTomCotton) December 10, 2020
Last Thursday, a Republican from Arkansas, Senator Tom Cotton, asked for a special counsel to look into Biden’s case. He told Fox News last Thursday, “The Biden campaign released details of a tax fraud investigation in Wilmington. I think that was to show maybe the least damaging part of the investigation.”
He added that there are allegations of securities fraud, money laundering, and crooked hospital deals between Americore and James Biden. “These investigations span multiple jurisdictions,” Biden said.
He further added that a special counsel should be called for since there could be a conflict of interest once Joe Biden sat as the President of the United States.