James Biden given loan, didn't provide services to Americore despite promises to use last name, trustee says
President Biden was given a check for $200,000 from his brother, James Biden, who was also paid the same amount, from his personal account
By Louis Casiano , Brooke Singman Fox News
Published December 18, 2023 8:43pm EST
James Biden, the brother of President Joe Biden, didn't provide any services to Americore despite obtaining a $600,000 loan from the struggling healthcare company on the promise that his name could bring in funding from the Middle East, which never materialized, Fox News has learned.
Carol Fox, a Chapter 11 trustee for the financially distressed hospital operator, spoke with members of the House Oversight Committee in an interview where she detailed Americore's relationship with James Biden.
Fox said the loan was provided to Biden with no documentation in return for the promise of funding from the Middle East that never came. She filed a lawsuit against Biden, saying he made "representations that his last name, ‘Biden,’ could ‘open doors’ and that he could obtain a large investment from the Middle East based on his political connections."
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https://www.foxnews.com/politics/james-biden-given-loan-didnt-provide-services-americore-despite-promises-last-name-trustee-says
