In what appears to be the latest example of Biden family members using the government as a personal cash machine, President Joe Biden's brother James got $600,000 in loans from the now-defunct healthcare startup Americore by promising his family name would secure funding from Middle Eastern countries.
“According to new information obtained by Committee Republicans and confirmed by court filings, during 2017, James Biden—the President's brother—promised funding from ‘the Middle East' for a business deal ‘based on his political connections' because his last name ‘Biden' could ‘open doors,'” writes House Oversight Committee Ranking Member James Comer (R-KY) in a letter to Treasury Secretary Janet Yellen demanding banking reports showing the cash transactions were flagged as “suspicious activity.”
“This is troubling and may implicate national security. In light of this new information, we again reiterate our previous requests for suspicious activity reports (SARs) connected to the Biden family,” wrote Comer.
“A recent filing in the United States Bankruptcy Court for the Eastern District of Kentucky alleges James Biden fraudulently induced Americore Holdings, LLC to provide loans to him that were never repaid. According to the lawsuit, James Biden promised to use his political connections to benefit Americore and in exchange Americore lent him over $600,000. James Biden never delivered on his promise to secure funding from countries such as Saudi Arabia and Qatar, which forced the company into bankruptcy,” Oversight Committee Republicans reported in a statement.
“Ranking Member Comer is investigating the Biden family and associates' suspicious foreign business transactions flagged by U.S. banks to determine if they threaten national security, but the U.S. Treasury Department is refusing to provide the requested information,” Committee Republicans report.
“It is crucial for the American people to learn the source of James Biden's Middle East funding, to understand whether President Biden ever used ‘political connections' to help James Biden or other family members enrich themselves at the expense of national security, and whether James Biden or other family members have ever improperly solicited funding in the Middle East,” wrote Member Comer.
So far, the Biden White House and Yellen have refused to release any Suspicious Activity Reports involving Biden family members and business associates.
“The Wall Street Journal reported that ‘Treasury has made SARs available for every request we've received, regardless of party, and will continue to do so.' This is not true. You have not provided a single SAR requested by Committee Republicans. In order to ensure that Committee Republicans are able to review Biden family SARs in a timely manner, I request that Treasury prioritize its production of financial transactions that are related to the Middle East, including Saudi Arabia and Qatar as soon as possible but no later than July 28, 2022.”
The opinions expressed in this article are those of the author and do not necessarily reflect the positions of American Liberty News.
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More expected coverups by Dems
It must seem very strange to joe biden making all those oversea trips now an not making money for the biden family, too much active press now to hid Hunter in the back room, cutting those family enrichment plans. If you have noticed he has very little to say, or do, and seems to wonder about, and is even unsure why he is there, yet, keeps trying to shake hands with some invisible man. He is a total embarrassment to our Nation, our Allie, the peace policies Trump negotiated.
In every country that Barry let Slow Joey “control,” one of the Bidens ran some sort of corrupt scam. They have no skills so they can only make money through graft!
Good luck with that. The swamp protects their own and Joe Biden is about as much a creature of the swamp as anybody could be since he has never really had a job other than running for office for 50 years. He doesn’t know how to do anything but playing the government service card whenever there is trouble. Most of the time nowadays, when someone tells you how they have sacrificed for government service, notice how they are so much better off than you or anybody you know. That’s what you expect of your humble servants, isn’t it?
Does this surprise you in any way?
GET RID OF THIS LYING PIECE OF GARBAGE AND CREW