$1.5B Contracts in Iraq and China for Biden Relatives

$1.5B contract in Iraq for Biden’s little brother exposes Obama ahead of debate

by Joel Gehrke, Washington Examiner, October 22, 2012 12

httpss://www.washingtonexaminer.com/15b-contract-in-iraq-for-bidens-little-brother-exposes-obama-ahead-of-debate

Mitt Romney has criticized President Obama for giving green energy subsidies to campaign donors, but a new report out ahead of the debate tonight shows that this White House’s crony capitalism has a foreign policy angle.

HillStone International won a coveted government contract in part because the company has “the little brother of the vice president as a partner,” as David Richter, president of HillStone’s parent company explained to investors in a recent meeting reported on by Fox Business today.

“Since November 2010, James Biden has been the executive vice president of Hill International’s housing subsidiary despite little if any documented work history in residential construction,” Fox explains. “And if the company’s projections are accurate, both Hill and Biden are on the verge of a huge payday, beneficiaries, some analysts believe, of James Biden’s connections to the Obama Administration through his older brother.”

In the Fox report, a former Hill executive who worked on getting the project had this to say about HillStone: “You have to realize that these guys are relentless businessmen and they have the right connections.”

Romney has already proven himself willing to go after Obama for crony capitalism, as he did during the first debate. “[T]he place you put your money makes a pretty clear indication of where your heart is,” Romney said. “Ninety billion dollars. And these businesses, many of them have gone out of business. I think about half of them — of the ones that have been invested in have gone out of business. A number of them happen to be owned by people who were contributors to your campaigns.” The housing contract in Iraq is expected to generate $1.5 billion for James Biden’s HillStone, according to Fox, so the report could pave the way for an awkward moment for the president in tonight’s debate on foreign policy.

https://goldenageofgaia.com/2019/07/10/1-5b-contracts-in-iraq-and-china-for-biden-relatives/

Lawsuit Documents Allege James Biden Committed Fraud, Racketeering

In January the FBI raided the offices of Americore Health, a health care company that manages rural hospitals, where James Biden, brother of former vice president candidate and current presidential candidate Joe Biden, was a major investor. Documents prepared as part of an ongoing lawsuit against Biden and his business partners, hedge fund managers Michael Lewitt and Amer Rustom, allege they are in violation of Racketeer Influenced and Corrupt Organizations Act (RICO) and have committed fraud related to their investments in Americore and another company, Diverse Medical Management. The documents, prepared in March, were never submitted to the court and sources now say the lawsuit is headed for a settlement.

In the documents, Grant White, the former CEO of Americore, makes detailed allegations that Biden’s corrupt business practices helped drive his company into bankruptcy. White also alleges that Biden and Lewitt improperly took money meant for company operations and lined their own pockets. He further alleges that Biden failed to make good on promises that his political connections would deliver large investments from the Middle East.

A filing in federal bankruptcy court in February by the federal trustee, Paul A. Randolph, alleges White has “grossly mismanaged” his business; “has not operated the hospitals in a manner that is consistent with public safety”; and “improperly siphoned money from the Debtors for his personal benefit.” The court subsequently removed White as CEO of Americore by the court. In a lengthy missive to legal commentator Jonathan Turley’s blog in March, Michael Lewitt questioned White’s credibility at length.

However, White was prepared to submit a sworn declaration in the ongoing lawsuit against Biden and his business partners backing up his allegations. Further, he turned over a significant number of primary documents undergirding these claims that were reviewed for this article.

“[Biden told me] there’s not a single door in the country that we can’t open. So if I wanted to meet, you know, the head of Google, it’s a phone call,” White says. “He always represented himself as the fundraiser for his brother’s campaigns… he was the guy raising the money and so he knew everybody.”

According to White, James Biden, along with hedge fund managers Michael Lewitt and Amer Rustom, became enamored of Americore’s business model and approached White about investing in the company. They agreed to enter into business together on the promise that Biden and his partners would be able to deliver upwards of $30 million to invest in Americore.

Questions About a Loan Backed by Biden’s Vacation House

More: https://thefederalist.com/2020/05/21/lawsuit-documents-allege-james-biden-committed-fraud-racketeering/

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Deserves? Not a chance…