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Press Release Published: Jul 15, 2022

ICYMI: Comer Joins Fox News Primetime, Reveals President’s Brother Peddled Political Connections in the Middle East to Secure Loan

WASHINGTON — House Committee on Oversight and Reform Ranking Member James Comer (R-Ky.) joined “Jesse Watters Primetime” on Fox News to discuss new information revealing President Biden’s brother, James Biden, promised to use his political connections in the Middle East to secure funding for Americore Holdings, LLC. Ranking Member Comer is requesting the Treasury Department prioritize the production of the Biden family’s suspicious activity reports that are related to the Middle East, including Saudi Arabia and Qatar, to determine if any foreign business deals threaten the security of the United States.

“This is very serious. This is the first time that we have evidence that the Bidens have tried to peddle influence in the Middle East, specifically in Saudi Arabia. So James Biden somehow got hooked in with a small health care startup called Americore Holdings. And like any small startup, they need capital. And James Biden made the pitch that if they worked with him, he could use the Biden family name and capitalize on that by getting them funding from the Middle East,” said Ranking Member Comer.

A recent filing in the United States Bankruptcy Court for the Eastern District of Kentucky alleges James Biden fraudulently induced Americore Holdings, LLC to provide loans to him that were never repaid. According to the lawsuit, James Biden promised to use his political connections in the Middle East to benefit Americore and in exchange the company lent him over $600,000. James Biden never delivered on his promise to secure funding, which forced the company into bankruptcy. Ranking Member Comer is investigating the Biden family and associates’ suspicious foreign business transactions flagged by U.S. banks to determine if they threaten national security, but the U.S. Treasury Department is refusing to provide the requested information.

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