Politico revealed this morning that Biden Crime Family member Jim Biden and his partners “sought investment funding from sources in the Middle East” and that those “efforts came to focus largely on Qatar”. They were looking for investments in the hospital chain Americore.
We reported before that “on the same day Jim Biden received a $200,000 payment from Americore, he made out a check for his brother Joe.”
Now we know that funding was coming from Qatar, which begs the question why Joe Biden won’t name Qatar as a state sponsor of terror, especially when others in the Middle East have done so because of their support for Hamas and other terrorist organizations:
For months, the Biden administration has refused to name Qatar a state sponsor of terrorism for their support of Hamas. Today, Politico is reporting that his brother was in business with Qatari government officials. https://t.co/HNtzRbAkjn
— Nick Ballas (@NicholasBallas) April 28, 2024
Here’s more on this from Politico:
New details about Jim Biden’s foreign fundraising efforts are spilling out in a Kentucky bankruptcy court, where recent testimony indicates that President Joe Biden’s brother partnered with Qatari government officials in his quest to find money for U.S. health care ventures.
The sworn testimony by fund manager Michael Lewitt, a former business partner of Jim Biden’s, attests that two companies that facilitated the efforts were part-owned by “members of the Qatari government.”
One company named in the testimony partnered directly with Jim Biden in the multi-year fundraising efforts.
The second company provided financial backing for a series of loans that a hospital chain paid Jim Biden to arrange, according to documents and testimony Lewitt submitted in the course of the federal bankruptcy proceedings.
If substantiated, the alleged arrangements would constitute some of the closest known financial links between a relative of President Joe Biden and a foreign government.
The alleged arrangements stem from an effort by Jim Biden to raise money from Qatari sources for ventures in the U.S. beginning in the months after his older brother left the vice presidency. At the time, the tiny, gas-rich nation faced a financial blockade from its neighbors and was spending lavishly to shore up its political standing in the West.
Jim Biden suggested to congressional investigators in February that his fundraising efforts stalled for lack of viable projects to back. But the previously unreported testimony by fund manager Michael Lewitt about the ownership of the two companies — the Platinum Group USA and Obermeyer Engineering Consulting — indicates that Jim Biden forged closer ties to Qatar’s government than previously understood.
Lewitt, a former business partner of Jim Biden’s, is likely to face questions about the efforts when he sits for a planned interview with House impeachment inquiry investigators.
No date has been announced for the interview, and Lewitt declined repeated requests to comment further on his courtroom testimony.
Americore and the $200,000 payment to Joe Biden
Together, Jim Biden, Rustom and Lewitt sought investment funding from sources in the Middle East for Americore and other ventures, according to federal court filings in Tennessee and emails obtained by POLITICO.
Those efforts came to focus largely on Qatar, according to a former Americore executive who was granted anonymity to discuss a sensitive matter. Jim Biden and his partners said that Qatari officials had expressed an interest in investing more deeply in the U.S. health care sector, the former executive recalled.
As the group refined their pitch in early 2018, Lewitt and a group of Platinum-related companies committed to raising $30 million for the hospital chain, according to a complaint later filed against Lewitt by the SEC.
In the meantime, Lewitt’s investment fund, Third Friday, began making a series of bridge loans to Americore to keep the cash-strapped company afloat until the $30 million arrived.
The first bridge loan coincided with a $400,000 payment from Americore to Jim Biden.
In his interview with impeachment inquiry investigators in February, Jim Biden said the roughly $600,000 payments he received from Americore around that time were for his role in arranging the loans. After prompting from his attorney, he added that the payments were also for “many other services,” according to a transcript of the interview.
In March 2018, Jim Biden transferred $200,000 of the payments in question to Joe Biden, who was then out of office, in what he and the White House have both described as a repayment of an unrelated loan between brothers. POLITICO previously reviewed bank records that show a $200,000 payment to Jim Biden from an account that appeared to belong to Joe Biden made several weeks earlier.
You can read much more about this here.