(FreedomWire.org) – James Biden is the latest member of the Biden family whose business ventures have surfaced as Joe Biden progresses towards possibly becoming the Democratic presidential nominee.
James Biden’s business with medical companies – including Americore Health – has led to allegations that he potentially engaged in fraud and traded on his brother’s name, by claiming Joe was interested in the venture and the family name could provide opportunities.
“It was all smoke and mirrors,” former Americore Health executive Tom Pritchard told Politico. James Biden reportedly convinced Americore that he could use his political clout to deliver a significant influx of cash in the form of an investment from the Middle East, and even convinced the company to take on financial burdens including a six-figure loan to James that he has yet to repay.
James Biden, Americore and Americore founder Grant White are among those now facing a lawsuit from medical companies in Tennessee federal court accusing them of fraud over alleged promises made. Biden and the other defendants have denied any wrongdoing, but the plaintiffs last month reportedly said in a court filing that they were willing to drop their claims against White, who had provided exculpatory evidence as well as information that further implicated Biden and others.