Quid Pro Joe Biden’s Brother Linked to Projects Receiving $54,000,000 in Taxpayer Loans From Obama Admin

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Joe Biden's brother Frank Biden linked to projects receiving $54,000,000 from Obama admin

Joe Biden’s younger brother Frank Biden saw his business interests benefit from millions of dollars in taxpayer loans, according to claims made in a new book.

The substantial overlap in Frank Biden’s dealings and Obama-Biden foreign policy in Central America is exposed in Peter Schweizer’s new book—Profiles in Corruption: Abuse of Power by America’s Progressive Elite.

Breitbart.com reports: Frank Biden first set his sights on the region in 2009, as the Obama administration began to repair the U.S. relationship with Costa Rica. Tensions between the two countries flared under President George W. Bush, most notably on how to deal with drug trafficking.

When President Barack Obama entered the White House, he set out to mend fences in the region in hopes of inaugurating a new era of global cooperation. Leading the charge on that front was Joe Biden, who had long standing ties to the region from his tenure leading the Senate Foreign Relations Committee.

Shortly after the new administration took office, Frank Biden began scouting real estate opportunities in Costa Rica. A lawyer by training, Frank was undeterred by his lack of background in international development and decades old legal troubles at home.

As Schweizer notes, despite the professional and personal handicaps, business opportunities were plentiful for Frank, especially after his brother paid a visit to the country.

“Just months after Vice President [Joe] Biden’s visit, in August, Costa Rica News announced a new multilateral partnership “to reform Real Estate in Latin America” between Frank Biden, a developer named Craig Williamson, and the Guanacaste Country Club, a newly planned resort,” Schweizer writes in his book, a copy of which was exclusively obtained by Breitbart News.

The venture—officially sold to investors and the public as an opportunity to protect Costa Rica’s “breathtaking beauty”—amounted to little more than decimating the country’s natural wilderness to build a luxurious resort for wealthy foreigners.

“In real terms, Frank’s dream was to build in the jungles of Costa Rica thousands of homes, a world-class golf course, casinos, and an anti-aging center,” Schweizer notes. “The Costa Rican government was eager to cooperate with the vice president’s brother.”

The project, which is still in the development phase, has made Frank Biden a well connected figure in Costa Rica’s political landscape. A letter the country’s president, Luis Guillermo Solis Rivera, penned praising the project even made its way on the internet in what appears to have been a botched attempt to solicit further investors.

In order to execute a project of such scale, however, Costa Rica would need to update and expand its electrical grid. Located on the Central American Isthmus, more than 51 percent of the country’s landscape is forested, with nearly half of that being land that has not been disturbed by human activity. As such, much of the area suitable for the type of resort Frank Biden wanted to build lacked access to electricity.

Frank, perhaps sensing a chance to make even more money, entered into a partnership with the Costa Rican National Power and Light Company (CNFL) to build a solar power complex in the country’s northwest region. The new facility would provide enough electricity to Frank’s resort, which was to be built in the vicinity.

The partnership with CNFL was secured even though Frank and his company, Sun Fund Americas, had no experience in the energy sector.

“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.”

In October 2016, the Costa Rican government signed a letter of intent with Sun Fund Americas to build a solar power facility in the country. The project, which involved a company called GoSolar, specifically earmarked more than $6.5 million in taxpayer-backed loans that had been approved in 2015 by the Obama administration’s Overseas Private Investment Corporation (OPIC).

Having found Costa Rica fertile ground, Frank next turned his attention to other parts of the Caribbean, like Jamaica. Once again Frank’s business pivot coincided with a new development in brother’s political career.

The Obama administration had announced in June 2014 it was launching the Caribbean Energy Security Initiative (CESI) under the direction of Joe Biden. Officially, the program was meant to support energy sustainability projects in the region, with American tax dollars helping put together deals for local projects.

One of those projects was the building of a 20-megawatt solar power plant in Jamaica, for which OPIC had approved a $47.5 million loan. Around the same time that project was announced, Sun Fund Americas confirmed that signed a power “purchase power purchase agreement to build a 20-megawatt solar facility in Jamaica.”

In total, between 2009 and the end of the Obama administration, Frank Biden’s Caribbean projects benefited from more than $54 million in U.S. taxpayer loans.

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

2 Comments

  1. From the Pieces of Puzzle I put together The picture “appears” to be:

    In 2014 Obama admin helps overthrow the Ukraine govt. 

    VP Biden is appointed the US-Ukraine contact; sons of BiDEN, Pelosi, Romney & Kerry are placed on Ukraine Boards.

    Obama sends billion$ of US taxpayer dollars to Ukraine that gets funneled as kickback percentage commissions to the SON’S on the Boards. With John Kerry’s and his Son this Includes Iran with the Billions of Dollars Obama Sent on Pallets to Iran in the Middle of the Night…

    Today those involved in the Obama-Ukraine caper, like whistleleaker Eric , create the impeachment smoke screen to conceal the kickback scheme and protect the profiting Democrats. 
    I am DUMBFOUNDED that no one remembers when Victoria Newland, (US State Dept under President OBAMA) spilled the beans on open mic that the US State Dept, in concert with NAZl $0R0S, spent $5 billion to overthrow the legitimate government of Ukraine, and tried to install a REAL NAZl government on Russia’s border. (Remember, 20 million Russians died in WW2 at the hands of REAL NAZl’s) They all got the honeypot gas deals for their role in $0R0S’s madness. Then the SAME people blame Russia for “Russian aggression” in protecting their people in Crimea… Now Russia is certainly no angel, but the OBAMA state department was 100% in the wrong there, and set US / Russian relations back 50 years with that stunt; thereby, GREATLY diminishing the national security of the United States of America. The OBAMA administration is administration in its entirety should be Tried for treason and Conspiracy to commit Treason for its actions in Ukriane. Now do you WONDER why they are fighting against PRESIDENT TRUMP so much? Perhaps because PRESIDENT TRUMP is exposing this treason racket in the wide open so everyone can see. Oh, and haters, don’t bother trying to argue my points, they are FACTS… FACTS available to anyone who dares do the research, and I will not entertain any conspiracy theories to the contrary.
    This impeachment Scheme and Hoax is the same as the Russian Collusion Hoax.. It’s just the Democrats Obstructing Justice and Covering Crimes from the Corrupt Obama Administration. https://uploads.disquscdn.com/images/12635fb3ae4d560ed0575d5ef0a4ab80698302524bd1856b7a06ebd1ffb81bd1.jpg

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