Crime
Lawsuit Documents Allege James Biden Committed Fraud, Racketeering
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.
Mark Hemingway
By Mark Hemingway
May 21, 2020
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 safetyâ€; 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.
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https://thefederalist.com/2020/05/21/lawsuit-documents-allege-james-biden-committed-fraud-racketeering/
