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Feds recently probed transactions tied to President Biden's brother, report says

Autor: KOMO

by JACKSON WALKER | The National Desk

Tue, March 26th 2024 at 2:31 PM

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James Biden, the brother of President Joe Biden, steps out of a private interview with House Republicans during a break at Thomas P. O'Neill House Office Building on Capitol Hill in Washington, Wednesday, Feb. 21, 2024. (AP Photo/Andrew Harnik)

James Biden, the brother of President Joe Biden, steps out of a private interview with House Republicans during a break at Thomas P. O’Neill House Office Building on Capitol Hill in Washington, Wednesday, Feb. 21, 2024. (AP Photo/Andrew Harnik)

WASHINGTON (TND) — Federal investigators recently probed transactions tied to Jim Biden, a younger brother of President Joe Biden, as part of a criminal investigation in Florida, Politico reported.

Justice Department officials reportedly also recently sought information about Jim, with their probe involving a Medicare fraud cause in Pennsylvania. Both investigations surround defunct hospital chain Americore, which Jim worked with following then-Vice President Biden’s departure from the White House, according to Politico.

As of Tuesday, the Pennsylvania investigation remains open, the publication wrote.

Investigators are reportedly exploring an effort by Jim to secure investors in the Middle East to finance the hospital chain. An investment fund, which an associate of Jim operated, reportedly also loaned money to Americore. Those transactions are reportedly facing scrutiny as well.

READ MORE | House Republicans sue DOJ officials to force testimony in Hunter Biden probe

Jim told Congress last month he was paid to facilitate those loans. Some of those payments could be improper, according to a separate lawsuit which reportedly does not name him as a defendant. The complaint alleges the money manager in charge of such loans stole millions from the account and diverted $600,000 from it to Jim, according to Politico.

Jim then wired $200,000 of this to President Biden, something he and the White House have deemed a loan repayment, according to Politico.

Republicans in Congress remain hard-pressed to pursue an impeachment inquiry against President Biden. Jim in February told the House Oversight Committee his brother had no involvement in his business matters.

“I have had a 50-year career in a variety of business ventures. Joe Biden has never had any involvement or any direct or indirect financial interests in those activities,” he said.

Follow Jackson Walker on X at @_jlwalker_ for the latest trending national news. Have a news tip? Send it to jacwalker@sbgtv.com.

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