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A business accused of using the Biden name to rake in high-dollar clients was raided by the FBI last month.
The FBI searched Ellwood City Medical Center in Pennsylvania and the home of Grant White, the CEO of Americore Holdings, as part of its investigation into the company’s recent Chapter 11 bankruptcy claims, according to RealClearInvestigations. Americore Holdings, a company that acquired and managed rural hospitals, filed for bankruptcy in December to avoid paying its creditors.
The article goes on to state the following:
Paul Randolph, a federal trustee, has been looking to halt the bankruptcy. He argued in a Kentucky filing that White “grossly mismanaged” the company and “improperly siphoned money from the Debtors for his personal benefit.” He also claimed that Americore Holdings “has not operated the hospitals in a manner that is consistent with public safety.” White has since been removed as CEO.
The Washington Examiner further reported that “James Biden, the younger brother of former Vice President Joe Biden, was not directly listed by the FBI in its investigation but has been listed as a “principal” of Americore Holdings. Both White and James Biden were included in a separate lawsuit in which the two were accused of fraud by Tennessee businessman Michael Frey.”
BREAKING: The FBI recently raided the offices of a company tied to Jim Biden, brother of former VP and presidential candidate Joe Biden. https://t.co/jeTAvzwqFO
— Mark Hemingway (@Heminator) February 17, 2020
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