James Biden Financial Transactions: A Tale of Loans and Payments. Image: Joe Biden, is joined by his family including his sister, Valerie Biden Owens, left, his son, Hunter, his wife Jill and his brother Jimmy at a rally in Dubuque, Iowa in 2008 Mark Hirsch/AP Photo
In a surprising turn of events, James Biden, the younger brother of President Joe Biden, made a payment of $200,000 to his brother in 2018, the same day he received an equal amount from a US hospital chain by promising to secure a Mideast investor.
James Biden, the younger brother of President Joe Biden, has been in the news recently due to a payment of $200,000 that he made to his brother. The payment was made in 2018. The same day James Biden made this payment, he received the same amount from a US hospital chain by promising to secure a Mideast investor. James Biden received a total of $600,000 in loans from the since-defunct rural hospital operator Americore Health in 2018. The transfer to Joe Biden, who was not in elected office at the time, could be the strongest evidence to date that the president benefited financially from his involvement in his relatives’ business dealings.
House Oversight Committee Chairman James Comer said, “On March 1, 2018, Americore wired a $200,000 loan into James and Sara Biden’s personal bank account—not their business bank account. And then, on the very same day, James Biden wrote a $200,000 check from this same personal bank account to Joe Biden.” He further added that James Biden “wrote this check to Joe Biden as a ‘loan repayment.’”.
Comer also stated that “Bank records obtained by the House Committee on Oversight and Accountability have revealed a $200,000 direct payment from James and Sara Biden to Joe Biden in the form of a personal check.” He explained that in 2018, James Biden “received $600,000 in loans from Americore —a financially distressed and failing rural hospital operator.”
A report from Fox News stated that “President Biden received a $200,000 check in 2018 from his younger brother James on the same day that he received the same amount from a US hospital chain by promising to secure a Mideast investor.”.
The financial transactions involving James Biden have raised questions about the potential financial benefits that the president might have received from his family’s business dealings. The payment of $200,000 made by James to his brother in 2018 is currently under investigation. The involvement of Americore Health adds another layer of complexity to this story. As this story continues to unfold, it serves as a reminder of the importance of transparency in public figures’ financial dealings.
