Court documents reveal that James Biden secretly negotiated a $140million settlement agreement in 2012 between a U.S. firm and the Saudi Arabian government. This was due to his relationship with Joe Biden (then-Vice President).
This is yet another example of how the Biden family was able to influence President Joe Biden while he was elected. James Comer, Republican of Kentucky, is reportedly carrying copies of court documents. He is currently investigating the scandal in the context of his investigation into nine violations committed by the Biden family, including wire fraud and tax evasion.
James Biden was appointed to negotiate the settlement between the U.S. and Saudi governments after the Saudis refused to pay $140m to Hill International. The agreement was reached because the Saudis “wouldn’t dare stiff the brother to the Vice-President who could be instrumental to this deal,” according to Daily Mail affidavits.
James Biden, an executive vice president and minority shareholder of the U.S. subsidiary, had a business relationship in the past with this company.
Thomas Sullivan, a former U.S. Treasury official, was trying to settle the deal as a privately-employed consultant. He twice stated in an affidavit, that James Biden was hired by the Saudis to negotiate with them “because of his position” and “because of the relationship” he had with Vice President Biden. According to court documents, the $132 million settlement was reached in the end.
“[James Biden] claimed that he was sent to Hill meetings because ‘ofcourse, the name didn’t hurt.'” Court documents describe Sullivan’s written testimony about a sit down interview with James Biden.
“I specifically asked him if he [James Biden] had been to a meeting with Saudi Ministry of Trade in February 2012 to receive the final payment of the work Hill had done,” court documents recall Sullivan’s explanation. He said that he was at the meeting to discuss his situation and relationship with his brother.
James Biden started working on the settlement in 2011. In 2011, the U.S. asked him to join its law firm Lankford & Reed on the deal. According to the U.S., James Biden was asked to broker the deal with Saudi officials that were refusing to pay $140m.
According to Lankford & Reed’s May 2022 affidavit, Thomas Lankford stated that the U.S. company used James Biden as a settlement intermediary to capitalize on the influence of the former Vice-President.
The U.S. company decided to steal the money of the law firm via James Biden. Accordingly to an affidavit, Sara Biden and James Biden were interviewed by an investigator about the back-door deal.
James Biden, allegedly, confessed during the interview that “Ofcourse, the [James Biden] Name didn’t hurt” in order to close the deal. Sara claimed that Joe and James Biden had “told each others everything.”
Joe Biden claims that Sara has never spoken to Sara about family business deals involving the Bidens.
The son of the former CEO and the new CEO of the U.S. firm, will deny any connection to Joe Biden or James Biden in 2020. “I have no ties with the Bidens. Jim Biden was employed at a Hill subsidiary for several years. I was not notified by that subsidiary. David Richter, New Jersey Globe, stated that he was against investing in the company.
He said, “After many years of failure, it had been shut down at my insistance, and I have never seen or heard about Jim Biden since.”
Fox News reported that David Richter had admitted to James Biden in 2015, but it was not confirmed by the network.
David Richter’s father denied that James Biden’s relationship to Joe Biden was a factor in the settlement.
Be aware that James Biden was a former employee of HillStone International, a subsidiary of the U.S. firm. In 2010, the subsidiary hired James Biden as executive vice president, and also gave him a minority share in the company.