🚨🚨 SHOCKING: Jim Biden implicated in potential influence peddling with a foreign government…again. Last time it was China, this time it is Qatar. And this one is a doozy.
According to allegations surfacing from a Kentucky bankruptcy court, Jim Biden, the brother of President Joe Biden, is said to have partnered with officials from the Qatari government and with a fund manager who is a relative of the Biden family, with the aim of raising funds for ventures in the U.S. healthcare sector.
The allegations suggest that the fundraising involved two companies, the Platinum Group USA and Obermeyer Engineering Consulting, which were partially owned by members of the Qatari government. Should these allegations be substantiated, they would constitute some of the most direct financial links between a relative of President Biden and a foreign government.
The supposed arrangements reportedly began in the period following Joe Biden's exit from the vice presidency. This was a time when Qatar, a small, gas-rich nation, was facing a financial blockade imposed by its neighbors and was making significant expenditures to bolster its political standing in the West.
The fundraising efforts being examined are not isolated. They have come under scrutiny as part of a federal criminal investigation taking place in South Florida. Public records and emails appear to indicate Jim Biden leveraged his connections to his older brother and sought to circumvent legal restrictions on international fund transfers.
One avenue that Jim Biden explored involved getting investments to Americore by helping a payment processing company, Billerfy, gain access to the U.S. banking system, internal Americore emails show.
At the time, Billerfy processed payments for Canada’s then-largest crypto exchange, Quadriga, which has since collapsed. A draft presentation that circulated inside Americore described Billerfy as an “open network for global payments” and described Jim Biden as Billerfy’s “chief global banking emissary.” 🤔
The fundraising efforts for these ventures were not without their complications. There were legal restrictions on moving investment funds across borders which posed significant challenges. Furthermore, an unnamed former executive from Americore mentioned that there were discussions at one point about moving money across a Middle Eastern border in the form of gold bars.
However, it is not clear what came of these negotiations. Americore’s outside counsel, Christopher Anderson, expressed reservations about working with Billerfy in an email to Jim Biden, but neither Anderson nor a representative for Biden responded to requests for comment about this matter.
As the Islamic holy month of Ramadan began and business in Qatar slowed down, Americore's fundraising efforts stalled, and tensions among the people involved escalated. Jim Biden, in his correspondence with Americore CEO Grant White, voiced his frustrations over the lack of detailed financial information provided to potential investors.
Jim Biden also mentioned the delay in the acquisition of a bank by Rustom and Lewitt, which was pending World Bank approval, as a reason for the ongoing fundraising delays. He stressed that he had agreed to travel to Qatar, Saudi Arabia, and China (at his own expense) to secure funding. In a subsequent email to Rustom, Biden expressed his frustration about the delay in securing a $30 million line of credit, which he emphasized was crucial for their larger financial strategy.
These allegations are the latest in a series of ‘influence peddling’ accusations which raise serious questions about conflicts of interest and the influence of foreign entities on the Biden family, as well as their possible engagement in illegal activities.
More details are expected to come as the proceeding in Kentucky moves forward and additional testimony is heard.
Main Source: Politico