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.
— Oversight Committee (@GOPoversight) October 20, 2023
Let me get this straight..James Biden “repays 200k loan” to Joe Biden on the same day James gets 200k loan from a failing business..that is hoping to use the Biden name to get Mid East funding (since failing) and ultimately ends up later in bankruptcy? pic.twitter.com/y902q473IW
— Greta Van Susteren (@greta) October 20, 2023
Chairman James Comer (R-KY) said in a statement (emphasis ours);
This summer, Joe Biden said: “Where’s the money?”
Well, we found some.
We’re still digging into evidence subpoenaed from bank accounts belonging to Hunter Biden, the son of President Joe Biden, and James and Sara Biden – the brother and sister-in-law of the President.
A document that we’re releasing today raises new questions about how President Biden personally benefited from his family’s shady influence peddling of his name and their access to him.
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.