Posted on 08/09/2019 6:44:14 PM PDT by george76
A federal lawsuit accuses the brother of former Vice President Joe Biden, hedge fund manager Michael Lewitt and others of attempting to defraud a Tennessee business.
...
It says the plaintiffs founded Diverse Medical Management to reform failing rural hospitals, and Jim Biden promised to sell the health care plan to investors.
It says Biden and Lewitt then urged the plaintiffs to borrow $10 million from Lewitt that would be repaid by investors. But the investors never materialized. It says Lewitt then threatened to sue the plaintiffs for not making payments on the borrowed cash.
(Excerpt) Read more at lmtribune.com ...
Confusing. James Biden is his brother, Not Lewitt.
Jokin Joe gropes young girls.
His brother grops fresh dollars.
LMAO!
....and how’s that coke-snorting son of Plugs doing lately?
How’s that paternity suit going for Hunter Biden LOLOL!!!!
I wonder if he’s already blown all that questionable Chi Com money on drugs and hookers.
allegation that.. James Biden and his associates invoked his political clout as part of a fraudulent scheme to bankrupt two medical firms and steal their business model...
According to the complaint, the plaintiffs, Diverse Medical Management and Azzam Medical Services, offered to partner with them, promising them millions of dollars in investment funds they never intended to provide.
Instead, the firms contend, Biden and his associates sought to extract sensitive business information from them while driving them into bankruptcy, so that the defendants could seize control of the firms for themselves.
https://www.politico.com/story/2019/08/08/joe-biden-brother-fraud-scheme-1453527
All those Bidens are frauds....no surprises there.
A used crack pipe, two DC driver’s licenses, multiple credit cards, a Delaware Attorney General badge and a US Secret Service business card belonging to Hunter Biden were found in a rental car returned to an Arizona Hertz location in the middle of the night,
CIRCA 2012 Crony capitalism & Joe Biden’s brother
SOURCE https://nypost.com/2012/10/23/crony-capitalism-joe-bidens-brother/
By Charles Gasparino, NY POST, October 23, 2012
James Biden isn’t a big name in the business of residential housing development, so what exactly qualifies him to work at a construction company and share in the winnings of a $1.5 billion project to build affordable homes in Iraq? If you said it has something to do with his last name, the one shared by his older brother Vice President Joe Biden, you wouldn’t be far off. At least that’s the guess of some Wall Street analysts who cover the Marlton, NJ-based company Hill International and think they’ve seen yet another sordid tale of crony capitalism.
Hill has been around for decades; its main business is managing construction projects in the Middle East and here in America. It’s built a good reputation over the years, as has the father-son team who run it, Irv and David Richter. But the bursting of the real-estate bubble took its toll; Hill shares are down 80 percent since 2008. Since 2011, the company has reported losses. Its Middle East business has also been stymied by the Arab Spring uprisings; in Libya alone, Hill is out $60 million in payments that it’s still trying to recover.
But it got some good news not long after its housing subsidiary hired James Biden as an executive vice president in late 2010. Just six months later, Hill won one of its biggest contracts ever, a $1.5 billion deal to build at least 100,000 affordable homes in Iraq. A good deal for Hill, a relative newcomer to building homes — and for James Biden, who as one partner will get a good share of that $1.5 billion.
The deal is contingent on the Iraqi government providing financing, which it has yet to do, but Hill execs tell analysts the money could start flowing by the end of the year. That’s when everyone involved, James Biden included, will start collecting on tens of millions of dollars in profits.
One friend of James Biden’s estimates his net worth at around $7 million, yet he seems to have a remarkable lack of concrete business experience. An attorney who’s done work for him called him a “serial entrepreneur,” but didn’t name the startups he was responsible for. Hill chief Irv Richter called Biden a “good salesman” and the firm’s Web site describes “40 years of experience dealing with principals in business, political, legal and financial circles across the nation and internationally.”
(James Biden also had a relatively short and somewhat controversial run as a co-owner of a hedge-fund company with Joe’s son Hunter. The company, as it turns out, was marketed by companies controlled by now convicted Ponzi schemer Allen Stanford. Neither Biden was charged, but the fund company is now winding down its operations.)
No, James Biden’s obvious value comes from his connection to the Obama administration. Richter assures me that James’ ties to Joe played no part in landing the plum assignment in Iraq or any of the other government-related jobs Hill has received recently.
Really? Connect these dots: Both the Iraqi government and the Obama State Department played roles in helping Hill win the assignment, Richter concedes. And Joe Biden is President Obama’s point man on Iraq — a country where people expect politicians’ families to be “taken care of.”
Also key is TRAC Development, a South Korean firm that won the master contract for the Iraq work. And — huh! — James Biden and his wife were guests of President Obama and Michelle for last October’s state dinner honoring the president of South Korea, Lee Myung-bak. All one big coincidence?
Well, Richter insists that, while Biden’s name and connections might open doors when government business is on the line, that doesn’t guarantee success. “If he had the name Obama, he would get in the door easier,” Richter joked. During this month’s vice-presidential debate, Joe Biden told Americans to just ignore all that stimulus money that went to administration-connected failures like Solyndra. Crony capitalism, he insisted, hardly exists with Joe Biden and Barack Obama watching the store.
Maybe that’s why the veep, after making that dopey statement, was laughing so much that night.
Charles Gasparino is a Fox Business Network senior correspondent.
James Biden’s obvious value comes from his connection to the Obama administration. Richter assures me that James’ ties to Joe played no part in landing the plum assignment in Iraq or any of the other government-related jobs Hill has received recently.
Really? Connect these dots: Both the Iraqi government and the Obama State Department played roles in helping Hill win the assignment, Richter concedes. And Joe Biden is President Obama’s point man on Iraq — a country where people expect politicians’ families to be “taken care of.”
So many criminals . ..so few ropes...after fair trials and convictions , of course .
Bidens are crooks.
Reporter to Joe Biden: How many indictments does your brother have?
Joe Biden: At least 3
BINGO!! Hunter WAS Untouchable.....I don’t think so now.....the Bidens are going DOWN....don’t know when, but they are.
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