Jim Biden's Business Dealings Under Scrutiny as Republicans Seek Impeachment Evidence
No Direct Evidence Found Tying President Biden to Alleged Wrongdoing; Democrats Argue Transactions Were Loan Repayments
- Jim Biden, brother of President Joe Biden, is under scrutiny for his business dealings with Americore Health Services, a healthcare startup that filed for bankruptcy in 2019 amid fraud allegations and lawsuits. Americore accused Jim Biden of failing to repay $600,000 in loans.
- Republicans are investigating a series of payments that they claim show President Biden benefited from his brother's work, including more than $600,000 that Americore sent Jim Biden when the company was struggling. They highlight a $200,000 personal check from Jim to Joe Biden on the same day that Jim received an equal amount from Americore.
- House Democrats argue that bank records indicate Jim Biden was repaying a loan provided by his brother, who had wire transferred $200,000 to him about six weeks earlier. The money changed hands while Joe Biden was a private citizen, after his vice presidency and before his successful White House bid.
- Jim Biden's varied career and checkered financial history, including lawsuits over unpaid bills, trouble with mortgage payments, and liens for unpaid federal, state, and municipal taxes, have raised concerns that his business ventures and missteps could cloud Joe Biden's political career.
- Republicans are also scrutinizing transactions involving Hunter and Jim Biden's work with a politically connected Chinese energy company in 2017. They claim records show that Joe Biden benefited from 'laundered China money' when Jim Biden's wife, Sara, cut a personal check to Joe Biden for $40,000, which came weeks after a payment from Chinese interests.