Why did Joe Biden’s brother do business with Qatar?

0
6K

A new report revealed that Jim Biden repeatedly used his brother’s position as both a way to attract investors and to avoid complying with money transfer laws.

 

Joe Biden’s brother has extensive financial ties with the Qatari government and exploited his relationship with his powerful family member to evade international money transfer laws, according to a bombshell report.

James “Jim” Biden reportedly offered introductions to his brother, who at the time had just finished serving as vice-president under Barack Obama, as an incentive while fundraising for the Americore hospital chain.


Americore is now the subject of an SEC and federal criminal investigation, as the healthcare network is accused of committing massive Medicare fraud.

Notably, Jim Biden received nearly $600,000 in payments from Americore, which a creditor to the now-bankrupt healthcare firm claimed stemmed from embezzled funds.

At least $200,000 of those monies were transferred from Jim to Joe Biden, in what the latter said was a “loan repayment.”

Politico report revealed that Jim Biden repeatedly used his brother’s position as both a way to attract investors and to avoid complying with money transfer laws.

An Americore investor deck viewed by Politico “described Jim Biden as ‘Brother and Campaign Finance Chair of former Vice President Joe Biden.’”

“My family could provide a wealth of introductions and business opportunities at the highest levels that I believe would be worthy of the interest of His Excellency,” Jim Biden wrote as part of a pitch to the Qatari sovereign wealth fund. “On behalf of the Biden family, I welcome your interest here.”

Hedge fund manager fund manager Michael Lewitt, who once was a business partner of Jim Biden, recently confirmed in court that he and the president’s brother had engaged in extensive fundraising efforts targeting the Qatari government.

During a recent congressional probe aimed at investigating Biden’s business dealings, Jim flatly denied that the president had benefited from his ventures.

I have relied on my own talent, judgment, skill, and personal relationships” in business, and “never my status a Joe Biden’s brother,” Jim claimed.

 

 

***

 

 

Wow
1
Search
CryptoCurrency Rates
Categories
Read More
News & Politics
OPEN LETTER TO FRANCE's MACRON: 'Don't repeat mistakes of the past...!'
The writer of this letter is Nadim Bachir Gemayel. He is a Lebanese politician and member of the...
By Israel Swords of Iron Ops 2024-10-24 18:19:41 0 7K
Real Time Facts
Biden-Harris admin spied on Israel...
Biden-Harris admin spied on Israel to learn Iran attack plans, leaked them to Iran   The...
By Israel Swords of Iron Ops 2024-10-20 20:56:28 0 12K
Real Time Facts
North Korea threatens to destroy the U.S. and South Korea
North Korean leader Kim Jong Un says an armed confrontation is becoming a reality, calls to...
By NavyVetUnited 2024-01-01 13:16:34 0 9K
News & Politics
Trump says will sue BBC for up to $5 billion over video edit of 2021 US Capitol speech
President Donald Trump says he will sue the BBC for up to $5 billion after the British...
By Potus 45-47th - President Donald J. TRUMP 2025-11-15 07:19:35 0 2K
Analysis
The problem is bigger than three college presidents
The woke ideologies that govern academia enable the antisemitism that the heads of Harvard, Penn...
By NavyVetUnited 2023-12-09 12:42:55 0 11K
X-Pulse, the HO1 Think Tank https://thinktank.x-pulse.org/