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Quid Pro Joe Biden’s Brother Linked to Taxpayer Loans Objections $54,000,000

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Quid Pro Joe Biden's Brother Linked to Taxpayer Loans Objections $54,000,000
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According to claims made in a new book Joe Biden’s younger brother, Frank Biden, saw his interests benefit from millions of dollars in taxpayer loans.

The substantial similarity between Frank Biden’s relations with Central America and Obama-Biden’s foreign policy is revealed in Peter Schweizer’s new book, Profiles in Corruption: the abuse of power by the political elite in America.

Reports from Breitbart.com: Frank Biden first looked at the area in 2009, as the administration of Obama began to re-establish US relations with Costa Rica. Under President George W. Bush, tensions between the two countries erupted, particularly on how to deal with drug trafficking.

President Barack Obama’s entry into the White House led him to fend the region in the hope of opening a new era of global cooperation. Joe Biden, who had long-standing connections with the region in his tenure as leader of the Foreign Relations Senate Committee, was the leader of the charge.

Shortly after the new administration took office, Frank Biden started to explore Costa Rica’s real estate opportunities. Frank, a lawyer by training, had no background in international development and decades of legal difficulties in his home.

As Schweizer states, Frank had great business opportunities given the professional and personal handicaps, in particular after his brother visited the country.

“Just in August, just months after the visit of Vice President Biden, a new multilateral partnership ‘ Real Estate Reform in Latin America’ between Frank Biden, the developer named Craig Williamson, and the recently planned Guanacaste Country Club was announced by Costa Rica News.” Schweizer writes in his book, a copy of which was purchased exclusively by the newspaper Breitbart News.

The venture–officially sold to investors and the public to protect the “breathtaking beauty” of Costa Rica–has led to nothing more than decimating the natural environment of the country, creating a luxury resort for wealthy foreigners.

“Frank’s real dream was to create thousands of homes, a world-class golf courses, casinos and anti-aging centers in the jungles of Costa Rica,” Schweizer says. “The Costa Rican government wanted to work together with the brother of the Vice President.” Frank Biden was well-connected with this project, which is still in the development phase, in the political landscape of Costa Rica. A letter from Luis Guillermo Solis Rivera, the country’s leader, commended the project even online in what seemed to be a botched attempt to solicit additional investors.

To implement such a project, Costa Rica would need to update and expand its electricity grid. Located on the Isthmus of Central America, more than 51 per cent of the country’s landscape is forested, with almost half of it not disturbed by human activities. As such, much of the area suitable for the Frank Biden resort was without electricity access.

Frank, possibly feeling an opportunity to make even more money, entered into a partnership with the National Power and Light Company of Costa Rica to build a solar complex in the north-west region of the country. The new facility would provide Frank’s resort with enough electricity to be built in the vicinity.

Although Frank and his company, Sun Fund America, had no energy experience, the Partnership with CNFL was secured.

“Frank had no background in solar energy, but it was clear who he was when he put the project in front of investors,” Schweizer writes. “His brother Joe’s name was a prominent part of his biography.” In October 2016, the government of Costa Rica signed a letter of intent to build a solar power plant for the country with Sun Fund Americas. The initiative, involving the GoSolar corporation, explicitly earmarked more than $6.5 million in taxpayer-funded loans that were approved by the Overseas Private Investment Corporation (OPIC) administration in 2015.

Frank then turned his attention, after having found Costa Rica a fertile land, to other parts of the Caribbean, such as Jamaica. The business pivot of Frank once again coincided with a new development in the political career of his brother.

The Obama administration announced in June 2014 that it launched, under the direction of Joe Biden, the Caribbean Energy Security Initiative (CESI). The program was officially intended to support energy sustainability projects in the region, with American tax dollars contributing to the preparation of deals for local projects.

One of these projects was the construction of a 20-megawatt solar power plant in Jamaica with a $47.5 million loan from the OPIC. Earlier in the project’s announcement, Sun Fund Americas confirmed that it has entered into the power purchase agreement for Jamaica to build a 20-megawatt solar facility. Frank Biden’s Caribbean projects received a total of more than $54 million in US taxpayer loans between 2009 and the end of Obama’s administration.

However, the loans are not the only example of Frank Biden’s business interests, as Profiles in Corruption show, intersecting with the political influence of his brother.

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