South Florida investigators previously probed transactions tied to Jim Biden, the brother of President Joe Biden, as part of a criminal investigation, according to Politico.
The investigators are examining a business deal involving Jim Biden as well as numerous loans issued to Americore — a failed healthcare company for which Jim Biden used to work as a consultant — by an investment fund managed by a James Biden associate, according to Politico, which granted its sources anonymity to speak freely about a sensitive subject. A 2022 lawsuit filed in Florida alleges that Michael Lewitt, the money manager running the investment fund that issued the Americore loans, effectively diverted millions of dollars via bogus loans to Americore.
