House Republicans Rep James Comer and Rep Jim Jordan are demanding that Michael Lewitt, former business associate of James Biden make himself available for a deposition. Lewitt was an associate of James Biden at Americore when James Biden took out a loan without paying it back just before the company went out of business. Creditors are demanding that James Biden repay the loan so that they can recoup that money. The House is investigating the entire Biden crime family.
The letter outlines:
“As part of the impeachment inquiry, the Oversight Committee obtained bank records related to President Biden’s brother and sister-in-law, James and Sara Biden, and an entity associated with them. According to these bank records, Joe Biden received a $200,000 check from James Biden dated March 1, 2018. James Biden issued the check to Joe Biden from his personal bank account on the same day he received a $200,000 wire from Americore Health.”
“Ms. Fox also testified that the source of the March 2018 check for $200,000 that ‘James Biden ultimately paid to [Joe Biden] could have come from two possible sources: predatory loans or senior citizens’ money fraudulently invested by James Biden’s business partner, Michael Lewitt.’ According to public reporting, you were ‘the manager of the Third Friday Total Return Fund,’ and Third Friday was ‘the largest crediting firm for Americore while it was in operation.’.”
The House Oversight Committee released in October a $200,000 check James Biden wrote to Joe Biden on March 1, 2018, the same day Americore sent James Biden a $200,000 loan payment. The check written out to Joe Biden is classified as a loan repayment. (RELATED: FBI Secretly Recorded Joe Biden’s Brother As Part Of Bribery Probe: REPORT)
A lawsuit filed by U.S. Trustee Carol Fox accused James Biden of failing to repay $600,000 worth of loans he received from Americore, bankruptcy court documents show. James Biden promised Americore his name could “open doors” and vowed to obtain a significant Middle East investment, the lawsuit states.
The Securities and Exchange Commission (SEC) filed a complaint against Lewitt and Third Friday Management in September for allegedly stealing $4.7 million from investors.
The SEC said in a press release announcing the complaint:
“The complaint alleges that in January 2018 Third Friday suddenly changed course without disclosing to investors, many of whom were elderly, that it had begun making loans to a distressed (now bankrupt) company that acquired and operated struggling rural hospitals. As alleged, between January 2018 and November 2019, the Fund made 45 separate loan advances totaling more than $19 million to that company.”
The House Oversight Committee released in October a $200,000 check James Biden wrote to Joe Biden on March 1, 2018. That is the same day that Americore sent James Biden a check for that very same amount just before declaring bankruptcy. A lawsuit filed by U.S. Trustee Carol Fox accused James Biden of failing to repay $600,000 worth of loans he received from Americore. Creditors are trying to recoup that money to help pay off money owed to it’s creditors.
The SEC said in a press release announcing the complaint:
“The complaint alleges that in January 2018 Third Friday suddenly changed course without disclosing to investors, many of whom were elderly, that it had begun making loans to a distressed (now bankrupt) company that acquired and operated struggling rural hospitals. As alleged, between January 2018 and November 2019, the Fund made 45 separate loan advances totaling more than $19 million to that company.”
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