Book details how Frank Biden’s projects secured millions in Obama-era taxpayer loans

Trading on the family name is a habit in the Biden family, according to journalist and author Peter Schweizer.

In a new book, Schweizer details a scandal involving Joe Biden’s younger brother, Frank, and a real estate development in Costa Rica — just one example of pay-to-play politics involving the Biden dynasty. Frank’s business interests allegedly received millions of dollars in loans, courtesy of American taxpayers, for numerous projects in the region, according to Breitbart, citing the book.

Hunter is just the “tip of the iceberg” of the family’s corruption, Schweizer told Fox News on Tuesday.

Author exposes new Biden scandal

Hunter Biden has drawn significant negative attention to the Biden family because of his business in Ukraine, China and elsewhere, places where Schweizer and others have alleged Biden sold political access to his father for profit.

While Hunter has attracted the most publicity, he is not the only scion of the family to mix foreign policy with business, Schweitzer claims in Profiles in Corruption: Abuse of Power by America’s Progressive Elite. The book was released Tuesday, Jan. 21.

According to Schweizer, Frank Biden started seeking a lucrative real estate project in Costa Rica when his older brother became President Barack Obama’s point man for the Latin American country beginning in 2009. It’s a familiar theme: even defenders of the Biden family have conceded that Hunter Biden’s lucrative work in Ukraine, which coincided with his father being a diplomat for Obama there, was at best an unsavory bit of “legal corruption.”

A similar dynamic seems to have played out when Frank — with no relevant experience to speak of — secured an agreement with Costa Rica’s government to build a luxurious resort in the jungle. To power it, Frank’s company Sun Fund Americas — again with no relevant background, in this case in the energy sector — signed a contract in 2016 with Costa Rica to build a solar plant, a project that used $6.5 million in government-backed loans from the Obama administration’s Overseas Private Investment Corporation (OPIC).

“Frank did not have any background in solar energy, but it was quite clear who he was when he pitched the project to investors,” Schweizer writes. “His brother Joe’s name figured prominently in his biography.”

Biden family corruption

Schweizer goes on to claim that Frank also leveraged his connections to build a solar plant in Jamaica, having taken advantage of a program that his brother Joe put together in 2014, Caribbean Energy Security Initiative (CESI), to invest American dollars in renewable energy sources in the Caribbean. Under the program, the OPIC set aside a $47.5 million loan to build a 20-megawatt solar facility, and it later turned out that Frank had signed a power purchase agreement to build just such a facility in Jamaica.

Frank’s Caribbean capers are just one example of the Biden family’s wheeling and dealing, according to Schweizer, who also identified other parts of the world where Hunter and his business partners sold the political capital that came with the Biden name. The author points to financial connections between Hunter, business partner Devon Archer and shadowy oligarchs from Russia to Kazakhstan.

Speaking with Fox Tuesday, Schweizer said that there were five Bidens who benefited from the largesse of the former vice president: Hunter, Frank, Joe’s brother James, his sister Valerie, and his daughter Ashley. They were all involved in “very brazen stuff that I dare say if the Trumps were doing — which, of course, I would also oppose — there would be outrage in the media if they were doing it.”

This all comes as Democrats continue to shield the Bidens from scrutiny. Rep. Adam Schiff (D-CA) echoed many in his party when he insisted that calling Hunter Biden to testify in Donald Trump’s impeachment trial would be an illegitimate “abuse” of power.

Share on facebook
Share To Facebook

Welcome to our comments section. We want to hear from you!

Any comments with profanity, advocacy of violence, harassment, personally identifiable information or other violations will be removed. If you feel your comment has been removed in error please contact us!

Latest Posts