In 2020, I dug into what was probably one of the strangest and most overlooked Biden family scandals.
James Biden, Joe’s brother, had become a principal at Americore whose business model was based on buying and turning around rural hospitals. But the turnaround was into the grave.
Obamacare had hit rural hospitals hard, forcing many of them to shut down. By Obama’s last year in office, 4% of rural hospitals had closed down, and hundreds more were on the brink. And the Bidens had figured out a way to profit from the devastation caused by Obama-Biden.
“His brother was very interested in rural health care and very interested in veterans’ health care, and it was something he really wanted to get behind,” an Americore executive recalled Biden telling him. “This would help his brother get elected.”
The hospitals were trashed and patient care fell apart, but James Biden was making money.
Hospital patients might have been able to get basic care and supplies, but the money wasn’t there. Meanwhile, James Biden had allegedly made off with $650,000.
According to the Americore CEO, “Jim Biden directed me to loan him approximately $400,000 of this money for him to use to repay a past-due personal loan.”
Later, “Biden took additional amounts totaling approximately $250,000.”
Thanks to the House Oversight Committee, we now know where some of it went.
In 2018, James Biden received $600,000 in loans from, Americore—a financially distressed and failing rural hospital operator. According to bankruptcy court documents, James Biden received these loans “based upon representations that his last name, ‘Biden,’ could ‘open doors’ and that he could obtain a large investment from the Middle East based on his political connections.”
On March 1, 2018, Americore wired a $200,000 loan into James and Sara Biden’s personal bank account – not their business bank account. On the same day, James Biden wrote a $200,000 check from this same personal bank account to Joe Biden.
While Joe Biden getting cash courtesy of his brother trading on his name and sending it to the ‘Big Guy’ is bad, the details lead down a very disturbing trail.
According to bankruptcy court documents, James Biden received these loans “based upon representations that his last name, ‘Biden,’ could ‘open doors’ and that he could obtain a large investment from the Middle East based on his political connections.”
What Middle East connections? Two of them involve Qatar and Turkey: the state sponsors of Hamas.
Biden and his partners had allegedly gone to the Qatar Investment Authority, the Islamic terror state that acts as the patron for the Muslim Brotherhood, controls Al Jazeera, whose royal family had ties to the mastermind of 9/11, and which is allied with Iran, for money for Americore.
But Qatar didn’t pay up and James Biden and his partners denied ever taking the meeting. The Americore CEO claims he was told that President Trump’s sanctions on Iran blocked the deal.
The former Americore CEO also claims to have met with Hunter and James Biden at a meeting that looked for ways to raise money from China.
One of the men claimed that James Biden had promised to sell the plan to the White House. Instead Biden accidentally texted him a plan to defraud him even as Biden’s partner was encouraging him to make up numbers to defraud a Turkish company.
And then the story gets really disturbing.
After they sued Biden and his partners, they received an envelope filled with “blood-stained currency from a Middle Eastern country” linked to terrorists and a “torture ticket” resulting in an FBI investigation.
Imagine if a GOP candidate had this stuff in his background. It would have been splashed all over every paper in America. But while the media peddled the Steele dossier and every dirty smear campaign that never held up, it had no interest in talking about a presidential candidate being connected to an FBI investigation and “blood-stained currency.”
The currency was purportedly from a Middle Eastern country well known for the terrorist groups operating within its borders. Law enforcement has refused to release the currency’s country of origin or provide details about the “torture ticket.” The latter is generally used by terrorist organizations as a “voucher” for future harm, usually in an attempt to incite fear.
The envelope was left in the couple’s mailbox in August, only days after Michael Frey and his business partner, Dr. Mohannad Azzam, filed a lawsuit in federal court accusing James Biden of fraud. They brought the suit after James Biden and his associates promised and failed to line up investors for their rural healthcare enterprise. Instead, Frey and Azzam allege, James Biden urged them to borrow $10 million from a hedge fund manager involved in the deal and then proceeded to pass their idea off as his own to a conglomerate of Turkish investors.
Which country was the currency from? The FBI told the media not to say.
Knox News has reviewed copies of the envelope, the currency and the torture voucher but agreed at the request of federal authorities not to reveal the country from which the currency was issued.
That is strange. Why not name the country? Who’s being protected here?
Here’s a video of Frey talking about some of this.
We can hazard a guess at which “middle eastern” country’s currency it was.
Frey’s lawsuit also named a Dr. Amer Rustom, a Florida-based businessman who was touted as the contact who would help secure millions in funding from the Qatari government for the hospital venture.
Jim appeared to cite Rustom in a groveling letter to the Qatari Investment Authority, the Middle East government’s sovereign wealth fund, dated August 2017 and saved on Hunter Biden’s abandoned laptop.
In the letter, he was careful to point out the Bidens were not lobbyists, but dangled the family’s ‘deep and wide’ relationships that ‘lasted through many years and many administrations’ to the senior Qatari prince in charge of the sovereign fund.
‘If this is in keeping with the vision of His Excellency, on behalf of the Biden family, I welcome your interest here,’ Jim wrote. ‘I recommend Dr. Rustom arrange a conference call to discuss the way moving forward and perhaps a face to face meeting in New York or Qatar with you and His Excellency.’
And the whole arrangement may have flagged suspicious activity reports earlier sought by the HOC.
“It is crucial for the American people to learn the source of James Biden’s Middle East funding, to understand whether President Biden ever used ‘political connections’ to help James Biden or other family members enrich themselves at the expense of national security, and whether James Biden or other family members have ever improperly solicited funding in the Middle East, continued Ranking Member Comer. “The Wall Street Journal reported that ‘Treasury has made SARs available for every request we’ve received, regardless of party, and will continue to do so.’ This is not true. You have not provided a single SAR requested by Committee Republicans. In order to ensure that Committee Republicans are able to review Biden family SARs in a timely manner, I request that Treasury prioritize its production of financial transactions that are related to the Middle East, including Saudi Arabia and Qatar as soon as possible but no later than July 28, 2022.”
Will there be any more “torture tickets” and “blood-stained currency” in the mail?
Qatar hosts Hamas, allegedly aided the 9/11 mastermind and has ties to all sorts of Islamic terrorist groups. It also owns much of Washington D.C.
House Oversight has now shown Biden receiving a payment as a result of a family business that traded on his name, but worse still, the business has some disturbing unanswered questions attached to it that led to Hamas.