It’s no secret that the Biden family has used their power and influence to enrich themselves. But this goes far beyond just Joe’s son, Hunter.
And the Biden Family’s secret foreign deals were just exposed for everyone to see.
Most of the major headlines surrounding the Biden family’s corruption is focused on Hunter Biden and his personal gains.
Whether it was in Ukraine or the Chinese government, Hunter used Joe Biden’s influence to gain wealth and power for himself and his father.
But apparently, Joe Biden’s brother started horning in on the action too.
Due to his relationship with then-Vice President Joe Biden, James Biden covertly brokered a $140 million settlement arrangement in 2012 between a US corporation and the Saudi Arabian government, according to court filings.
The revelation is yet another example of the Biden family business peddling influence while President Joseph Biden was in office. James Comer (R-KY) of the House Oversight Committee apparently already has copies of the court filings and is probing the matter as part of his investigation into the Biden family for nine breaches, including wire fraud, tax evasion, and money laundering.
Following the Saudi government’s refusal to pay $140 million to a US construction company, Hill International, in 2011, James Biden was brought in to negotiate a settlement deal between the US company and the Saudi government because the Saudis “would not dare stiff the brother of the Vice-President who would be instrumental to the deal,” according to affidavits obtained by the Daily Mail.
Importantly, James Biden previously worked as an executive vice president with a minority share in the subsidiary of the US enterprise.
Former US Treasury employee Thomas Sullivan, who was acting as a private consultant to settle the agreement, indicated in an affidavit twice that James Biden was engaged to negotiate with the Saudis “because of his position and relationship” with then-Vice President Biden. According to court filings, the commercial negotiations concluded in a $132 million settlement.
“[James Biden] stated that he was often sent to meetings to represent Hill because ‘of course, the name didn’t hurt,’” court documents recount Sullivan’s written statement about a sit-down interview with James Biden.
“I asked specifically if he [James Biden] had attended a meeting with the Saudi Ministry of Trade in mid-February 2012 to receive the final payment for the work Hill had performed,” court documents recount Sullivan’s explanation. “He answered that, to the best of his memory, he had been at such a meeting, and that the reason he had attended was ‘because of his position and relationship’ with his brother.”
When the US company contacted James Biden to work with its law firm, Lankford & Reed, on the settlement, he began working on it in 2011. The US company allegedly sought James Biden to mediate an agreement with the Saudi government, which had failed to pay $140 million.
According to Lankford & Reed partner’s affidavit in May 2022, partner Thomas Lankford confirmed the U.S. company “used [James] Biden as a settlement intermediary in order to capitalize on the influence and orchestration of the settlement by the then Vice-President.”
Owing to the choice of the US company to go behind the law firm’s back to collect its money through James Biden, the lawyers engaged an investigator to examine James Biden and his wife, Sara, about the back-door agreement.
According to the affidavit, the interview took place on July 16, 2017.
During the interview, James Biden allegedly admitted, “Of course, the [James Biden] name didn’t hurt” in closing the sale. According to Sara, Joe and James Biden “told each other everything.”
Sara’s testimony contradicts Joe Biden’s claims that he has never discussed the Biden family’s financial dealings.
In 2020, the company’s new CEO in the United States, the son of the previous CEO, denied any ties to James or Joe Biden. “I have no ties to the Bidens. Jim Biden worked at a Hill subsidiary for a couple of years. That subsidiary did not report to me. I was not in favor of investing in that company,” David Richter told the New Jersey Globe.
“After several years of failure, it was shut down at my insistence, and I’ve never seen or heard from Jim Biden since,” he added.
But, according to Fox News, David Richter confirmed in 2015 that James Biden was helpful in the sale.
David Richter’s father has denied that James Biden’s association with Joe Biden influenced the settlement agreement.
It should be emphasized that, prior to the Saudi contract, James Biden worked for the US company’s affiliate, HillStone International. In 2010, the subsidiary hired James Biden as executive vice president and offered him a minority ownership in the business.
Stay tuned to The Federalist Wire.
