Report: James Biden cashed in on brother's political ties with struggling hospital firm
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James Biden received $600K from now-bankrupt hospital firm Americore based on his political connections, including a $200K payment he gave to brother Joe Biden.
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James Biden said Joe was sitting next to him during a Americore business call and wanted to get him on the company's board.
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The business model of Americore, aimed at helping rural hospitals, aligned with Joe Biden's policy interests.
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Biden's physician Dr. Kevin O'Connor participated in a business meeting with James Biden about an Americore-acquired hospital.
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The SEC has alleged fraud by an Americore business partner and the DOJ is investigating a $100M Medicare fraud conspiracy related to the firm.