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Biden’s Brother Embroiled in Americore Bankruptcy Scandal

Well, well, well, folks, hold onto your hats because the heat is on in Washington! Last December, the House Oversight and House Judiciary Committees made some serious waves by conducting a transcribed interview with Carol Fox, an Americore Health trustee for their bankruptcy proceedings. And guess what? The transcript of that interview finally became publicly available, and boy, oh boy, is it juicy!

It turns out that there are some major red flags pointing towards none other than President Joe Biden’s brother, James Biden. Yep, you heard it right—James Biden is right smack in the middle of this whole mess! Americore Health, a company James was somehow involved in, declared bankruptcy at the end of 2019, and it’s safe to say that the whole situation is a real head-scratcher.

During the jaw-dropping interview, Carol Fox spilled the beans on the troubled business model of Americore, and let’s just say it doesn’t look good for James Biden. Fox even filed a lawsuit against him, aiming to recover some serious cash that Ameriocore allegedly paid him. Oh, and get this—Fox didn’t even have a clue about what James Biden’s role at Americore actually was! She couldn’t even tell ya what he did at the company. A business card of his referred to him as “Principal,” but based on what Fox saw, she couldn’t confirm that he did anything related to that fancy title.

But wait, there’s more! Fox read from an exhibit that made it crystal clear that James Biden became a fiduciary to Americore Health, and the lack of clarity around his actual contributions to the company is just mind-boggling. It’s like a mystery novel, folks—what did James actually do at Americore?

Then, Fox dished out the goods on some shady financial moves, like $600,000 in loans that James allegedly got from Americore Health. And guess what? There was a serious lack of documentation to back it all up. It’s like the dog ate the paperwork or something! And let’s not even get started on the $200,000 check made out to President Joe Biden, labeled as a “loan repayment.” The plot thickens, doesn’t it?

But hold onto your hats, because the drama doesn’t stop there! Americore also took some “ill-advised bridge loans” from Third Friday Management, LLC, and it just so happens that this all went down around the same time James Biden was getting paid by Americore. It’s like a tangled web of financial shenanigans, folks!

Now, fasten your seatbelts because James Biden himself is set to appear for a closed-door interview on February 21. The suspense is killing me! It’s like a real-life political thriller right in our own backyard, and I don’t know about you, but I’ll be popping the popcorn for this one, folks! The plot thickens, and I can’t wait to see where this wild ride takes us!

Written by Staff Reports

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