Biden’s $200K Check Reveals Profit from Family Biz, Hurting Innocent Creditors.
Bank Records Reveal Joe Biden Profited from Family’s Influence
Bank records released on Friday show that Joe Biden received $200,000 from funds his brother Jim Biden siphoned from the failing health care company Americore. This new evidence, combined with Americore’s bankruptcy filings, exposes Joe’s possession of money that rightfully belongs to innocent creditors.
On Friday, James Comer, the chair of the House Committee on Oversight and Accountability, announced that bank records revealed Jim Biden wrote a $200,000 check to his brother, now-President Joe Biden, on March 1, 2018. This was the same day Americore wired $200,000 to Jim and his wife Sara’s personal bank account.
In releasing a copy of the check and details of the discovery, Comer referenced Joe Biden’s June 2023 quip, “Where’s the money?”
“We have found a $200,000 DIRECT payment to Joe Biden,” the Republican chair countered last week, publishing a photograph of the check Jim Biden signed. The memorandum line described the money as “for loan repayment.”
Immediate Questions for President Biden
In announcing the discovery of the direct payment, Comer highlighted the “immediate questions” that ”President Biden MUST answer for the American people.” These questions include whether there is documentation proving “he lent such a large sum of money to his brother” and whether he had “similar financial arrangements” with other family members. The Oversight Committee chair also asked if President Biden knew that “the same day James Biden wrote him a check for $200,000, James Biden had just received a loan for the exact same amount from business dealings with a company that was in financial distress and failing?”
While those are all great questions, no matter the answers, President Joe Biden financially benefited from his brother Jim’s trading on the family name, to the detriment of Americore and its creditors.
According to the former CEO of Americore, Grant White, Jim Biden and his business partners approached him with the promise of investing $30 million in the company. Jim Biden used his family name to secure loans and convince the CEO to lend him money.
Significant in light of Friday’s revelation is White’s claim that Jim Biden approached him in January 2018, seeking cash to repair his Florida vacation home and pay off a personal loan. At the same time, Americore needed a short-term bridge loan. Jim Biden arranged for a hedge fund to loan Americore the money, but he directed a portion of it to repay his personal loan.
The bridge funds were meant for Americore’s working capital, but Jim Biden promised to repay them when he secured a “multi-million investment coming from overseas.” However, he never repaid the loan balance, and Americore eventually filed for bankruptcy.
The bankruptcy trustee filed a complaint against Jim Biden to recover the fraudulent transfers, including the $200,000 wired to Joe Biden. The trustee alleged that Jim Biden used his last name to obtain loans and promised a large investment from the Middle East, which never materialized. Jim Biden entered into a settlement agreement, agreeing to pay $350,000 into the bankruptcy estate.
While the bankruptcy trustee settled with Jim Biden, the fact remains that Joe Biden ended up with $200,000 of Americore’s capital at the expense of the business and its creditors. It’s time for the president to return that money and reveal who else has been paying the Big Guy.
What do the bank records reveal about Joe Biden’s financial affairs and his brother’s involvement?
Ank Records Reveal Joe Biden Profited from Family’s Influence
Bank records released on Friday have shed light on an alarming revelation about President Joe Biden’s financial affairs. It has been revealed that Biden received a sum of $200,000 from funds that his brother, Jim Biden, illicitly obtained from the failing healthcare company Americore. These bank records, coupled with Americore’s bankruptcy filings, expose Joe Biden’s possession of funds that rightfully belong to innocent creditors.
James Comer, the chair of the House Committee on Oversight and Accountability, made an announcement on Friday that sent shockwaves through the political sphere. He revealed that bank records showed Jim Biden writing a $200,000 check to his brother, now-President Joe Biden, on March 1, 2018. Interestingly, this was also the very day that Americore transferred $200,000 to Jim and his wife Sara’s personal bank account.
This revelation becomes even more disconcerting when we consider President Biden’s own words back in June 2023 – ”Where’s the money?” Well, Mr. President, we have found it. We have found a direct payment of $200,000 to Joe Biden, a fact that the Republican chair promptly countered by publishing a photograph of the check signed by Jim Biden. The memo line on the check described the money as “for loan repayment.”
The discovery raises immediate questions for President Biden, questions that he must answer for the American people. Chair Comer highlights these questions, which include whether there is any documentation proving that Biden lent such a large sum of money to his brother. Additionally, there is a need to determine if there were similar financial arrangements with other family members. Chair Comer also wants to know whether President Biden knew that on the same day his brother wrote him a $200,000 check, Jim Biden had received a loan for the exact same amount from a company in financial distress and on the brink of collapse.
While the answers to these questions may provide valuable insights, regardless of the outcomes, one thing remains clear – President Joe Biden financially benefited from his brother Jim’s exploitation of the family name. This happened at the expense of Americore and its creditors, who have undoubtedly suffered due to the actions of the Biden family.
These revelations are alarming, to say the least, and raise serious concerns about the integrity and ethics of the President of the United States. The American people deserve transparency and accountability from their leaders. It is crucial that President Biden addresses these allegations and provides a complete explanation of his involvement in this financial affair.
The repercussions of these findings go beyond individual credibility. They affect the trust and confidence that the American people have in their government and elected officials. A thorough investigation and swift action must be taken to protect the integrity of the office of the President and to ensure that the rule of law prevails.
In conclusion, the bank records revealing Joe Biden’s financial gains from his family’s influence have cast a shadow of doubt on his integrity and ethical standards. The American people deserve answers, and President Biden must provide them. The consequences of inaction are far-reaching and could undermine the trust and faith that the American people have in their government. The time for accountability is now.
" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."
