FBI Recently Raided Business Connected to James Biden, Joe Biden's Brother

Democratic presidential candidate former Vice President Joe Biden arrives for a campaign event, Tuesday, Jan. 21, 2020, in Ames, Iowa. (AP Photo/Matt Rourke)

 

Sounds like there’s more trouble concerning a company that has been connected to Joe Biden’s brother, James, according to Real Clear Investigations.

The company in question, Americore Holdings, which acquires and manages rural hospitals declared bankruptcy in December.

But a recent filing in the bankruptcy case also reveals that the FBI raided the home of the CEO of the company, Grant White, as well as one of the company’s hospitals in Pennsylvania, Ellwood City Medical Center.

The filing by the federal trustee in the case, Paul Randolph, claims White mismanaged the company and that he had “improperly siphoned money from the Debtors for his personal benefit.” White was removed as CEO shortly after the January FBI raids.

RCI says White has not responded to their requests for comment.

According to RCI, James Biden’s connection to Americore was revealed in a lawsuit last summer which named him, White, Amer Rustom and James Biden’s partner hedge fund manager Michael Lewitt. The lawsuit, by Michael Frey and his partner Dr. Mohannad Azzam, alleges fraud. The suit claims that James Biden had a prominent role in the company and introduced himself as a “principal” in the company.

Frey alleges that when Diverse Medical Management and Americore were in talks to merge, Jim Biden promised to exploit his brother’s political influence as vice president to attract international investors and make the venture successful.

Lewitt is alleged to have alluded to the Vice President’s clout in a text message to Frey to calm the latter’s worry about legal liability to his firm over an acquisition: “Jim [Biden] told me. Don’t worry every time someone threatens to sue you you’re with us now nobody is gonna touch you.” According to the lawsuit, “It was Frey’s understanding that Lewitt was implying that DMM [Diverse Medical Management] was ‘protected’ because of Jim Biden’s connections.”

The lawsuit also alleges that after failing to deliver on several promises made to Frey and Azzam, Biden took control of their dealings with Americore. “Biden instructed that Plaintiffs should no longer speak with Americore and White, but instead should deal exclusively with the Investor Defendants and their respective agents going forward, who would ensure that Plaintiffs’ model would find its way into hospitals and thrive,” the lawsuit says.

Frey and Azzam claim they laid out their own money to buy rural hospitals with the promise that they were going to be reimbursed when James Biden got investments from a Turkish conglomerate, Dogan Holdings.

Instead, according to the suit, they claim James Biden inadvertently sent Frey a text showing that he intended to cut them out of the deal. “We can wrap [Americore] into Frey’s entity further diluting them both in the process? After we take control of both. Just a thought. We must have complete control, too many moving pieces. Jim.”

After the lawsuit was filed, James Biden’s spokesman said that this was an effort to “manipulate the press by taking advantage of Jim Biden’s public profile as the brother of a presidential candidate.”

The raids were not the first time the FBI has investigated matters related to Americore. It got involved last August when, soon after the lawsuit was filed, Frey received an envelope at his home containing a thinly veiled threat. “Inside the envelope was what appeared to be blood-stained currency from a Middle Eastern country commonly known as a haven for terror groups and a ‘torture ticket’ — a voucher for the infliction of torture,” according to Knox News, which reviewed the contents of the envelope.

This comes on top of questions that were raised about Hunter Biden’s actions with the Ukrainian company Burisma while Joe Biden was Vice President and the point man for the Obama administration on Ukraine. This became a question during the impeachment proceedings against President Donald Trump and now members of Congress are trying to probe any government information in regard to that potential conflict.