Projects Tied to Frank Biden Secured $54 Million in Taxpayer Backed Loans While Joe Was VP

In his new book “Profiles in Corruption: Abuse of Power by America’s Progressive Elite” Clinton Cash author how family members of the Biden family utilized his connections to get ahead and in many cases, get rich.

Pretty much everyone knows about Hunter Biden at this point due to the media scrutiny, but far fewer are aware of the case of Joe’s brother Frank.

In a piece for the NY Post, Schweizer explains how projects connected to Frank over $54 million in total while his big brother was Obama’s Vice President.

Schweizer writes:

In late March 2009, Vice President Joe Biden landed in Costa Rica aboard Air Force Two, and went to the Costa Rican presidential palace for a one-on-one with President Oscar Arias. The Biden visit had symbolic significance. The last time a high-ranking American official had visited the country was back in 1997, when Bill Clinton had come.

Joe Biden’s trip to Costa Rica came at a fortuitous time for his brother Frank, who was busy working deals in the country. Just months after Vice President Biden’s visit, in August, Costa Rica News announced a new multilateral partnership “to reform Real Estate in Latin America” among Frank Biden, a developer named Craig Williamson, and the Guanacaste Country Club, a newly planned resort. The partnership, which appears to be ongoing, was wrapped in a beautiful package as a “call on resources available to the companies and individuals to reform the social, economic and environmental practices of real estate developers across the world by example.”

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. The Costa Rican government was eager to cooperate with the vice president’s brother.

As it happened, Joe Biden had been asked by President Obama to act as the administration’s point man in Latin America and the Caribbean.

Frank’s vision for a country club in Costa Rica received support from the highest levels of the Costa Rican government — despite his lack of experience in building such developments. He met with the Costa Rican ministers of education and energy and environment, as well as the president of the country.

On Oct. 4, 2016, the Costa Rican Ministry of Public Education signed a letter of intent with Frank’s company, Sun Fund Americas. The project involved allowing a company called GoSolar to operate solar power facilities in Costa Rica. The previous year, the Obama-Biden administration’s OPIC had authorized a $6.5 million taxpayer-backed loan for the project.

In June 2014, Vice President Biden announced the launch of the Caribbean Energy Security Initiative (CESI). The program called for increasing access to financing for Caribbean energy projects that he strongly supported.

American taxpayer dollars were dedicated to facilitating deals that matched US government financing with local energy projects in Caribbean countries, including Jamaica. In January 2015, USAID announced that it would be spending $10 million to boost renewable energy projects in Jamaica over the next five years.

After Joe Biden brought together leaders for CESI, brother Frank’s firm Sun Fund Americas announced that it was “engaged in projects and is in negotiations with governments of other countries in the [Caribbean] region for both its Solar and Waste to Energy development services.” As if to push the idea along, the Obama administration’s OPIC provided a $47.5 million loan to support the construction of a 20-megawatt solar facility in Clarendon, Jamaica.

Frank Biden’s Sun Fund Americas later announced that it had signed a power purchase agreement to build a 20-megawatt solar facility in Jamaica.

Per Breitbart, 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.

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This article first appeared on TheConservativeOpinion.com 

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