Brother's Keeper: Jim and Joe Biden’s ‘Loan’ Problem and the Americore Mess Explained

Show Notes

The Drill Down crew from the Government Accountability Institute is back behind the mic to talk about the latest on James Biden, a failed healthcare company, and a shady $200,000 “loan.”

James Biden testified before the House Oversight Committee this week as part of the ongoing GOP investigation into the Biden family influence-peddling scheme.

I have had a 50-year career in a variety of business ventures,” James Biden said in his opening statement. “Joe Biden has never had any involvement or any direct or indirect financial interest in those activities. None.”

So what’s with the strange habit of “loaning” each other huge sums of cash?

“On March 1, 2018, Americore wired a $200,000 loan into James and Sara Biden’s personal bank account — not their business bank account,” Oversight Chair James Comer (R-KY) said. “And then, on the very same day, James Biden wrote a $200,000 check from this same personal bank account to Joe Biden.”

“Americore — a distressed company — loaned money to James Biden, who then sent it to Joe Biden,” Comer said.

“It’s interesting. You could do a book on Biden family corruption advice — they’re actually pretty creative!” GAI President Peter Schweizer quipped. “The ‘loan’ thing is actually pretty outstanding. We know that money is transferred between the Bidens as a ‘loan repayment.’ “It’s a way of covering your tracks,” Schweizer adds, highlighting that the Bidens don’t have to claim it on their taxes.

“It’s remarkable how creative they are.”

“There’s an explosive, damning report in Politico about Joe Biden and Jim Biden and their relationship about Jim’s pursuit of this healthcare company,” Eggers says, highlighting how China and Hunter are also wrapped up in the Americore mess.

“You do see a commonality in techniques,” Schweizer adds.

Is the Biden pattern of corruption finally being dragged into the light? Listen to The Drill Down crew break it down.