According to a NEWSMAX report, the Feds are dialing up their investigation into President Biden’s younger brother Jim Biden as part of an ongoing Medicare fraud probe in Pennsylvania.
The investigations involve the younger Biden’s work with the Americore hospital chain.
From NEWSMAX:
In Pennsylvania, prosecutors say one of the chain’s hospitals received improper Medicare reimbursements of tens of millions of dollars.
In Florida, meanwhile, the investigation involved an effort by Jim Biden, along with business partners, to get investments from the Middle East to finance Americore and other business opportunities in the United States.
One of the people familiar with the Florida case said investigators there had sought information about an agreement linked to Biden. The probe also was focused on loans that were made to Americore through one of his associates.
Biden testified before Congress last month that he had been paid to arrange some of the financing, but a complaint filed in Palm Beach County in 2022 alleges that the payments he got were improper.
The Third Friday Total Return Fund complaint alleges that the money manager who was in charge of the fund made loans to Americore and then diverted $600,000 to Jim Biden.
After the money was diverted, Jim Biden sent $200,000 of it to his brother, Joe Biden, with the president and the White House referring to the funds as a loan repayment.
More over at NEWSMAX:
Feds Widen Probe in Jim Biden's Americore Dealings | https://t.co/jBHbvcXQeO https://t.co/ZiQsqcg8ST
— Michelle Maxwell (@MichelleMaxwell) March 26, 2024
