Politico published in-depth exposé on financial ties between the former VP'S younger brother, James, and a high-powered D.C. lobbyist.
<><> James Biden and his wife purchased an acre of land in the Virgin Islands for $150,000 in May 2005. A year later, James resold 1/3rd of that acre to Scott Green, a 'national security lobbyist who formerly served a Senate staffer for Joe Biden. Green paid $150,000 for the land, even though tax assessed value was only $38,000. “In effect, m/m Biden got their money back while keeping most of the land—recouping their investment in just 12 months.
Any money that Green may have lost through the deal was offset when Joe Biden became vice president.
<><> In 2010 Green and members of the lobbying firm he founded, "the Lafayette Group," were frequent visitors at the Obama-Biden White House.
<><> Green’s ties to the Biden clan seemed to be especially beneficial. On April 11, 2010, the Lafayette Group was awarded two taxpayer-funded contracts from FEMA worth a total of $5.8 million.ed.
Other members of the Biden family did just as well.
<><> Biden’s brother, Frank, benefited from $54 million in taxpayer-backed loans to Caribbean nations heavily involved in real estate and solar power projects he was pursuing in the region. ...even though he lacked a background in solar energy or international real estate development.
<><> Similarly, Biden's sister, Valerie, received millions in fees during the 2008 election. Valerie, was campaign manager for her brother’s failed presidential campaign that year; she paid her own consulting firm, Joe Slade White & Company, $2.5 million for its services. (More Biden finagling in article.......at breitbart.com)
Lawsuit Documents Allege James Biden Committed Fraud, Racketeering
The Federalist ^ | May 21, 2020 | Mark Hemingway
FR Posted on 5/21/2020, 10:07:42 AM 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, brother of former vice president candidate and current presidential candidate Joe 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 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. “He 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 Biden and his partners would be able to deliver upwards of $30 million to invest in Americore.