The Big Guy's Cut
State of the Union: House Republicans uncover a check written by Jim Biden for his brother Joe that totals $200,000—dated the same day Jim received a transfer of the same amount from a now-bankrupt health care company.
“Where’s the money?” President Joe Biden quipped in June as the House Oversight Committee investigated claims from an FBI whistleblower who accused Biden of being involved in a $5 million bribery scheme, exchanging pelf for policy with foreign nationals. “It's a bunch of malarkey," Biden said, laughing off his accusers.
Unfortunately for the president, it looks like Republicans might have just found some Biden bucks. On Friday, House Oversight Committee Chair James Comer announced that bank records provided to the committee under a subpoena revealed the president’s brother Jim Biden wrote a check for $200,000 to his brother Joe.
Such great generosity from a narcissistic slime ball like Jim is suspicious enough, but Jim was just the money-laundering middleman. Jim’s check to Joe was written on March 1, 2018, the same day that Americore, a failing health care company, wired the same amount of money to Jim and his wife Sara’s shared bank account.
Grant White, the former CEO of Americore, has previously claimed that Jim and his hedge-fund partners, “became enamored of Americore’s business model and approached White about investing in the company.” Soonthereafter, White claims, the parties “agreed to enter into business together on the promise that Biden and his partners would be able to deliver upwards of $30 million to invest in Americore.”
Jim promised White that “there’s not a single door in the country that we can’t open.” The reason for that, Jim said according to White, is that the president’s brother “always represented himself as the fundraiser for his brother’s campaigns.”
White has also previously claimed that in 2018, Jim needed money to fix up a Florida property he owned and pay a loan he took out for it. Americore was also in need of cash and was seeking to secure a short-term loan at the time.
White claims that Jim, “made some phone calls and he basically agreed to get $2 million,” and would use his hedge fund to provide White the money. White adds, however, that, after Jim secured the money, Jim had White loan him “approximately $400,000” to use for the Florida property, and later asked for another $200,000. Jim assured White he'd repay the loans after he received a “multi-million investment coming from overseas,” which Jim added was “imminent and certain,” per White. The money never came, and the loans never got repaid.
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Americore filed for bankruptcy on December 31, 2019. Case files from Americore’s bankruptcy case add veracity to White’s claims. In July 2022, the trustee overseeing Americore’s bankruptcy lodged a complaint against Jim Biden in an attempt to recover the loaned $600,000 plus interest, which the trustee described as “fraudulent transfer and for turnover.”
In the complaint, the trustee claims Biden received two transfers. The first, $400,000 to Jim’s PNC checking account on January 12, 2018; the second, a $200,000 transfer dated March 1, 2018. Jim Biden later settled with the bankruptcy trustee for a sum of $350,000.
But what’s $350,000 when “there’s not a single door in the country” you can’t open—including the door to the Oval Office. And when your brother is the current occupant who has bent the justice system of the United States to his will, what do either of you have to fear? Maybe their youngest brother Frank Biden, recently in the news because illicit photos of himself were leaked from a gay-hookup site, but certainly not House Republicans.