James ‘Jim’ Biden, brother of Joe Biden, has deeper links to the Qatari government than previously disclosed. Fund manager Michael Lewitt, a former business partner of Jim Biden, testified that Jim directly partnered with one company owned partly by Qatar. A second company part-owned by Qatar backed the loans that disgraced hospital chain Americore paid the Biden brother to facilitate.
Lewitt, Jim Biden, and Platinum Group CEO Amer Rustom courted numerous potential funders for Americore in the Middle East. Meanwhile, Qatar sought friends in the West after being sanctioned by its neighbors for sponsoring terrorism. It became the main focus of Jim Biden’s efforts, according to an Americore executive.
“My family could provide a wealth of introductions and business opportunities at the highest levels that I believe would be worthy of the interest of His Excellency,” Jim Biden wrote in a 2017 draft letter to an official at Qatar’s sovereign wealth fund.
Implying his influential brother had a stake in these dealings, he added: “On behalf of the Biden family, I welcome your interest here.”
AMERICORE.
Jim Biden confirmed he “agreed to go to Qatar, Saudi Arabia and China (at my own expense)” in another email addressed to Grant White, Americore’s CEO.
Americore paid roughly $600,000 to Jim Biden. $200,000 of these payments were transferred to Joe Biden, supposedly to repay a loan.
Jim Biden frequently used his brother to promote Americore. He also “spoke of plans to give his brother equity in Americore… and install him on its board.” Americore collapsed in 2019 partly due to his failure to raise money in the Middle East.
Its hospitals suffered dangerous shortages, and it faces criminal proceedings related to $100 million in Medicare fraud.