James Biden’s health care ventures face a growing legal morass

[DKW 86 7,419]

 

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James Biden’s health care ventures face a growing legal morass

n the weeks since the raid, two small medical firms that did business with James Biden have claimed in civil court proceedings to have obtained evidence that he may have fraudulently transferred funds from Americore “outside of the ordinary course of business,” and a former Americore executive has told POLITICO that James Biden had more than half a million dollars transferred to him from the firm as a personal loan that has not yet been repaid.

The purpose of the Jan. 30 raid of an Ellwood City, Pa., hospital remains unclear, and there is no indication it was related to the actions of Biden’s younger brother, who has not been accused of criminal wrongdoing. Its owner, Americore, has faced legal problems and allegations of mismanagement that are unrelated to James Biden.

But recent filings in ongoing legal proceedings, along with new accounts provided to POLITICO by former executives of Americore and others, point to potential pitfalls for the former vice president, painting the fullest picture to date of James Biden’s health care dealings and the ways in which they allegedly related to his older brother. In 2017 and 2018, James Biden was embarking on a foray into health care investing, telling potential partners, including at Americore, that his last name could open doors and that Joe Biden was excited about the public policy implications of their business models, according to court filings and interviews with James' former business contacts.

Tom Pritchard, a former Americore executive familiar with the business' finances, told POLITICO that James Biden’s arrival exacerbated Americore’s financial problems. Holding out the promise of a large investment from the Middle East based on his political connections, James Biden introduced Americore’s founder to his older brother and helped land a bridge loan to Americore from a hedge fund, Pritchard said. But then, Pritchard said, James Biden received a six-figure personal loan out of Americore’s coffers while encouraging the firm to take on greater financial liabilities. The cash infusion from the Middle East never arrived, and, Pritchard says, James Biden has not paid back the loan, the terms of which are unknown.

“It was all smoke and mirrors,” Pritchard said.

LEGAL

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BY BEN SCHRECKINGER

Meanwhile, Americore found itself increasingly hamstrung by high-interest loans and unable to pay employees and vendors, a situation that disrupted the operations of the rural hospitals it owns.

Now, the business is in bankruptcy court, and federal authorities are circling.

 

 

 

 

So, James Biden swoops into a business that he knows next to nothing about, arranges them a loan from a hedge fund, takes out a personal loan of $500,000+ that will never be repaid, and then the company bankrupts. Are the Bidens that much different from the Trumps?

[homersapien 11,366]

Is James running for president?

[bigbird 60,499]

3 hours ago, DKW 86 said:

Are the Bidens that much different from the Trumps?

I'd say more similarities to his 2016 opponent.

 

https://www.vox.com/platform/amp/2016/8/25/12615340/hillary-clinton-foundation

[DKW 86 7,419]

13 hours ago, homersapien said:

Is James running for president?

Did anyone say he was? Please post the link where anyone on this forum ever said James Biden was running for President. 

[kevon67 2,368]

17 hours ago, DKW 86 said:

 

 

So, James Biden swoops into a business that he knows next to nothing about, arranges them a loan from a hedge fund, takes out a personal loan of $500,000+ that will never be repaid, and then the company bankrupts. Are the Bidens that much different from the Trumps?

Sounds like mafia........bankrupt buisness and torch it😂

 

[bigbird 60,499]

1 hour ago, kevon67 said:

Sounds like mafia........bankrupt buisness and torch it😂

 

Made me think of the restaurant scene in Goodfellas

[Gowebb11 9,314]

19 hours ago, DKW 86 said:

 

 

So, James Biden swoops into a business that he knows next to nothing about, arranges them a loan from a hedge fund, takes out a personal loan of $500,000+ that will never be repaid, and then the company bankrupts. Are the Bidens that much different from the Trumps?

They all appear to be cut from the same cloth.

[homersapien 11,366]

8 hours ago, DKW 86 said:

Did anyone say he was? Please post the link where anyone on this forum ever said James Biden was running for President.

I was just asking.  No one said he was running for president, But apparently you think a story about James Biden was relevant to ???? 

(It was a joking way to point out the irrelevance of the topic. Sorry you didn't pick up on that.)

So why did you post it?

 

 

[DKW 86 7,419]

4 hours ago, bigbird said:

Made me think of the restaurant scene in Goodfellas

Me too...

[DKW 86 7,419]

1 hour ago, homersapien said:

I was just asking.  No one said he was running for president, But apparently you think a story about James Biden was relevant to ???? 

(It was a joking way to point out the irrelevance of the topic. Sorry you didn't pick up on that.)

So why did you post it?

Brother, you are a walking talking example of Dunning–Kruger. 

Peace out.

[homersapien 11,366]

14 minutes ago, DKW 86 said:

Brother, you are a walking talking example of Dunning–Kruger. 

Peace out.

Speaking of Dunning-Kruger, Flinging poo is hardly an adequate response to a direct question.

[DKW 86 7,419]

3 hours ago, homersapien said:

Speaking of Dunning-Kruger, Flinging poo is hardly an adequate response to a direct question.

Asking totally irrelevant strawman questions can be proof of D-K. But yet, you persist.

I was comparing Bidens vs Trumps. No one, repeat no one said that James Biden was running for President. No one.
What James Biden, Hunter Biden et al do to grift $$$ only happens with Joe Biden's name attached and Joe Biden's influence attached.

No one else in this thread had any problems with the associating the FAMILIES with Bribes and Influence Pedaling. That was the singular point of the article. 

[homersapien 11,366]

17 hours ago, DKW 86 said:

Asking totally irrelevant strawman questions can be proof of D-K. But yet, you persist.

I was comparing Bidens vs Trumps. No one, repeat no one said that James Biden was running for President. No one.
What James Biden, Hunter Biden et al do to grift $$$ only happens with Joe Biden's name attached and Joe Biden's influence attached.

No one else in this thread had any problems with the associating the FAMILIES with Bribes and Influence Pedaling. That was the singular point of the article. 

What you are doing is trying to throw mud on the name Biden.

The "Bidens" aren't running for office.  Joe Biden is.

[DKW 86 7,419]

<SMDH>
there are none so blind as those that refuse to see.