James Biden Faces Questions Over Loans and Business Dealings
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James Biden told Congress a $225K loan from a hedge fund owner was forgiven, but the owner says a third party assumed the debt and it will be repaid.
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The hedge fund owner, Michael Lewitt, was charged by the SEC with stealing $4.7M from investors and pumping $20M into James' client.
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James received $600K in loans from the hospital chain Americore in 2018, the same day he got a $200K loan from Joe Biden.
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Hunter Biden's Chinese patron is demanding repayment of a $1M legal fee, threatening to sue.
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James agreed to repay $350K of the $600K Americore loan to creditors after the trustee said he used the Biden name to "open doors."