typical lawyer circle speak...
he knows he used the family name...
not his brother’s...
Lawsuit Documents Allege James Biden Committed Fraud, Racketeering The Federalist ^ | May 21, 2020 | Mark Hemingway / FR Posted by Kaslin
Documents prepared as part of an ongoing lawsuit against Biden and his business partners allege they are in violation of Racketeer Influenced and Corrupt Organizations Act (RICO) and have committed fraud.
In January the FBI raided the offices of Americore Health, a health care company that manages rural hospitals, where James Biden was a major investor. Documents prepared as part of an ongoing lawsuit against Biden and his business partners, hedge fund managers Michael Lewitt and Amer Rustom, allege they are in violation of Racketeer Influenced and Corrupt Organizations Act (RICO) and have committed fraud related to their investments in Americore and another company, Diverse Medical Management.
The documents, prepared in March, were never submitted to the court and sources now say the lawsuit is headed for a settlement.
In the documents, Grant White, the former CEO of Americore, makes detailed allegations that Biden’s corrupt business practices helped drive his company into bankruptcy. White also alleges that Biden and Lewitt improperly took money meant for company operations and lined their own pockets. He further alleges that James Biden failed to make good on promises that his political connections would deliver large investments from the Middle East.
A filing in federal bankruptcy court in February by the federal trustee, Paul A. Randolph, alleges White has “grossly mismanaged” his business; “has not operated the hospitals in a manner that is consistent with public safety”; and “improperly siphoned money from the Debtors for his personal benefit.” The court subsequently removed White as CEO of Americore by the court. In a lengthy missive to legal commentator Jonathan Turley’s blog in March, Michael Lewitt questioned White’s credibility at length.
However, White was prepared to submit a sworn declaration in the ongoing lawsuit against Biden and his business partners backing up his allegations. Further, he turned over a significant number of primary documents undergirding these claims that were reviewed for this article.
“[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 says. “James Biden always represented himself as the fundraiser for his brother’s campaigns… he was the guy raising the money and so he knew everybody.”
According to White, James Biden, along with hedge fund managers Michael Lewitt and Amer Rustom, became enamored of Americore’s business model and approached White about investing in the company. They agreed to enter into business together on the promise that James Biden and his partners would be able to deliver upwards of $30 million to invest in Americore.