James Biden had traded on the Biden name to get the loan from a struggling hospital chain and sent it right to his brother Joe. Shady dealings here.
According to the New York Post:
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, bank records obtained by Congress show.
Comer said that James Biden wrote the check to his powerful brother as a “loan repayment,” without providing further context.
“Even if this was a personal loan repayment, it’s still troubling that Joe Biden’s ability to be paid back by his brother depended on the success of his family’s shady financial dealings,” the chairman said . . .
The transfer to Joe Biden, who was not in elected office at the time, could be the strongest evidence to date that the 80-year-old president benefited financially from his involvement in his relatives’ business dealings, including in foreign countries.
Biden claimed in 2019 while a presidential candidate that he had “never discussed with my son, or my brother … anything having to do with their businesses,” but significant evidence has since emerged that he regularly interacted with his relatives’ partners from countries such as China and Ukraine.