Last year he said he was looking to purchase a professional rugby franchise in Philadelphia. Jim Biden’s varied career has included stints working as a nightclub owner, selling health and pension benefit services to labor unions and working for a construction company seeking contracts in the Middle East. In the two years after leaving the vice presidency, Joe Biden and his wife, Jill, made $15 million in book deals, speaking fees and university work. Representatives for Joe and Jim Biden did not provide explanations for the loans, which were made during a lucrative intermission in the president’s career as an elected official. House Democrats said bank records show Joe Biden had wired $40,000 to his brother a little more than a month earlier, suggesting that the subsequent check was to repay a loan. 3, 2017, which came weeks after a payment from Chinese interests. Jim Biden’s wife, Sara, cut a personal check to Joe Biden for $40,000 on Sept. The lawmaker claims records show that Joe Biden benefited from “laundered China money” when Hunter and Jim Biden began working with a politically connected Chinese energy company in 2017. James Comer, chairman of the House Oversight and Accountability Committee, said he’s “troubled that Joe Biden’s ability to recoup funds depend on his brother’s cashing in on the Biden brand.”Ĭomer, R-Ky., is also scrutinizing a daisy chain of transactions beyond those involving Americore. His lawyers for that proceeding said he played no role in the company’s collapse and all the money he received was for his consulting work, not loans, as the trustee had alleged.īiden’s political adversaries have vowed to press forward with their investigations as an election year approaches. Jim Biden last year repaid Americore $350,000 to settle a lawsuit filed by the company’s court-appointed trustee.
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