Jim Biden leveraged his brother’s position to secure deals for a now-defunct rural healthcare provider, a source close to the family revealed.
An email sent to Politico by a former Americore executive revealed how Jim used his brother Joe’s connection as vice president to promote the company.
In 2017, Jim served as a consultant for Americore, while Joe served as vice president of the United States for eight years.
Additionally, former executives from Americore noted how Jim intended his brother Joe to serve on board, making former executives believe he would promote the company while he was gunning for the presidency. He also proposed to give his brother equity from the hospital chain.
People close to Jim and Americore also remarked how Jim dangled his relationship with Joe to pursue deals and transactions that benefitted the company with funds for drug rehab, cancer treatments, and lab testing.
“This would be a perfect platform to expose my brother’s team to [your] protocol,” Jim Biden wrote to the CEO of a Tampa-area company that controlled licensing rights to an experimental cancer treatment the hospital operator wanted to offer. “Could provide a great opportunity for some real exposure.”
With no experience running hospitals, Jim claimed he obtained additional capital for Americore from Arab investors, but the funding did not arrive.
The onslaught of bad investments led by Jim led to the total collapse of the company, which left Americore with a long list of payment dues and neglected patients.
Jim Biden’s lackluster performance burdened the staff and patients heavily.
Authorities took over as the company failed to provide services to its patients and pay for its employees.
One patient died of cardiac arrest in late 2018 after receiving substandard health care, according to a report by the Department of Health and Human Services, which Politico secured.
Justice Department is also investigating Americore’s hospital in Pennsylvania, which has been involved with sham service agreements and kickbacks as part of a scheme to defraud the government for unnecessary lab tests that the hospital requested to be done somewhere else.
Additionally, investor materials revealed that Jim also served as an adviser to his elder brother.
The Biden family also made sure that everyone in the Biden family was involved in Americore — including Jim’s wife Sara, and his son, Jamie.
Politico further unraveled how Joe Biden “was a central element” of Jim’s style of securing potential partners and investments.
While Joe has not “directly” involved himself in the firm, he benefitted indirectly from his brother’s “consultation” work in the firm.
One former executive slammed Jim and said, “I was sold that Americore was going to be the salvation of rural hospitals.”
“The whole thing was a scam.”
Jim Biden is expected to give his transcribed interview in the ongoing impeachment inquiry against his brother Joe on Wednesday.
The whole family is a bunch of thieves and crooks and should be locked away forever..