- Federal investigators are looking into financial transactions involving Jim Biden as part of an ongoing investigation
- The investigations involve Americore, a hospital chain that Jim Biden paid to secure funding sources before it collapsed
- Republicans continue to investigate Jim Biden and the loan payments made to his brother Joe Biden
Federal investigators are looking into financial dealings of President Joe Biden’s brother Jim Biden as part of an ongoing criminal investigation, according to a new report.
Federal investigators in South Florida and Justice Department officials investigating Medicare fraud in Pennsylvania recently investigated transactions linked to Jim Biden, according to a Politico report published Tuesday, citing three sources familiar with the ongoing investigations.
The investigations involve Americore, a hospital chain that Jim Biden paid to help secure foreign investment for the troubled company before it went bankrupt.
A lawsuit filed in 2022 alleges that Jim Biden received improper payments from investors of the Third Friday Total Return Fund, which allegedly diverted $600,000 in embezzled funds to pay Jim Biden.
James Biden, brother of President Joe Biden, steps out of a private interview with Republicans in the House of Representatives
US President Joe Biden claims he has never discussed business relationships with his family
Jim Biden sent $200,000 of the money to his brother Joe Biden, which he said was part of the repayment of a private loan.
The questionable loans also have a link to Biden’s son Hunter Biden, as an attorney who worked for Hunter represented the lender on some of the questionable transactions.
In Pennsylvania, prosecutors are accusing Americore of fraud after receiving tens of millions of dollars in allegedly improper Medicare reimbursements.
Federal investigators declined to comment on the ongoing investigation, and Biden’s attorney Paul Fishman claimed that “Jim Biden is not being investigated by federal law enforcement agencies in Florida or Pennsylvania.”
James Biden, the brother of US President Joe Biden, appeared for a statement at the House Oversight Committee
Jim Biden’s role at Americore and the financial payments to the Biden family have been the subject of ongoing congressional investigations, as the president’s brother was summoned to Capitol Hill to testify in February.
In February, Jim Biden testified that he believed his former business partner Michael Lewitt had forgiven $225,000 in loans to his company.
But Lewitt told Politico did not forgive the loans, but was acquired by an anonymous third party in early 2020.
The ongoing investigation into financial transactions linked to Jim Biden raises questions about who funded the Biden family when he ran for president.