Former President Biden fundraiser says loaned brother James Biden $800K, only repaid half, report
Joey Langston, a former Joe Biden fundraiser, testified to loaning James Biden $800,000 and was not repaid for the full value. This marks the latest piece of evidence uncovered by the impeachment inquiry showing unusual loans to and from Biden family members.
The most recent person to testify before the House Oversight Committee's President Biden impeachment inquiry reportedly says he loan one of Biden's brothers about $800,000 in 2016 and 2017, but got back only about half of the money.
The witness, Joey Langston, a friend of President Biden and former campaign fundraiser for him, says he loaned the money to James Biden in at least four installments, three in 2016 and one in 2017, according to a source familiar with Langston's transcribed interview Thursday.
Langston testified that Biden only repaid him $400,000, about half of the original value. He testified that he does not have documentation for these loans nor does he recall the dates of other loans he provided.
The inquiry, to learn whether President Biden has ever committed any impeachable offenses, centers in large part on the overseas business deal of James Biden and the president's son, Hunter Biden, and to learn whether President Biden profited from them.
Langston previously spent six months in prison and was fined $250,000 in a scheme to bribe a federal judge in Mississippi. He was also disbarred from practicing law in the state.
Langston is also the latest creditor to a Biden family member who also donated to Joe Biden's campaigns.
Kevin Morris, the Hollywood lawyer and friend of Hunter Biden, met the first son at a California fundraiser for his father before loaning him about $5 million. In the past, Langston hosted fundraisers for Joe Biden and communicated with the then-senator on legislative matters, according to ProPublica.
Other loans received by James Biden appeared to provide financial benefits to his brother, Joe Biden.
The impeachment inquiry previously uncovered that James Biden took $600,000 in loans from the failing healthcare company Americore.
According to the company's bankruptcy court documents, Biden received these loans "based upon representations that his last name, 'Biden,' could 'open doors' and that he could obtain a large investment from the Middle East based on his political connections."
The inquiry found that on the same day that Americore wired $200,000 to James Biden's personal bank account, he wrote a check for the same amount to his brother, Joe Biden.
The court documents showed that James Biden never repaid Americore, even as the company struggled to stay afloat. It eventually declared bankruptcy after promised investments from the Middle East Biden promised never materialized.